|Californian initiative proposes shutting down state's cap-and-trade|
|Written by Kristin McMurray|
|Tuesday, 12 January 2010 15:38|
In 2006 California passed its own version of cap-and-trade. It was celebrated until California's economy took a nose dive. The current jobless rate is 12.3 percent, leaving 2.25 million Californians out of work, and the state budget in a state of disaster.
If the state's plan to enact cap-and-trade continues the economy will only worsen. Our documentary proves that people and businesses need access to cheap energy in order to live prosperous lives. Neither is offered under the current plan, with the implimentation costs exceeding $100 billion and an annual estimated increase for cost of living being $3,857 per household.
That is why Assemblyman Dan Logue-R has proposed "The Global Warming Solutions Act" for the November ballot. It is an initiative that would suspend the program until the unemployment rate falls below 5.5%.
What Logue should be proposing is get rid of the scheme all together, otherwise the unemployment rate will crop up every time California reaches that 5.5 percent mark.
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