Dec 30 2008

State-Based Hot Air

Published by Frosty the Know Man under Around the States

From the DC Examiner :

Many states have adopted Climate Action Plans (CAPs) that limit greenhouse gases by 2020, and nearly identical plans are advancing rapidly toward approval in other states.

But according to a peer-reviewed study of the Maryland CAP by the Beacon Hill Institute at Suffolk University in Massachusetts - an economics think tank - these cookie-cutter proposals are “seriously flawed” for multiple reasons. If implemented, the plans could take other states down the same road California is already traveling. Anti-business policies that were often justified mainly on environmental grounds, have cost Californians dearly. Millions of jobs fled to lower tax neighbors like Nevada and Arizona, the state’s 8.4 percent unemployment rate rivals Michigan’s, and political gridlock over a $40 billion budget deficit could leave California bankrupt early in 2009.