March 10, 2010

GOING GREEN GOT RID OF THE GOLD:

Green movement proving expensive for California: The green movement in California might be costing the state much-needed revenue. (Michael Martin, March 9, 2010 , CS Monitor)

California consumes 3 times as much energy as it produces, and as MacDonald states, “when oil and natural gas prices rise, states like Colorado see a cascade of earnings, revenues, and royalties flow into their state. Whereas states like California see a cascade of capital flow out of state.” This seems emblematic of how LA and California in general are run: the state and local economic policies seem to chase otherwise great businesses out of the state, rather than trying to attract them or get them to stay.

Borrowing from MacDonald, I think California consumes 3 times as much energy as it produces intellectually too: our leaders are economically illiterate but the government workers seem to be doing well, despite not wanting to share in the meltdown.


The business of California is producing affluent public sector employees.

Posted by Orrin Judd at March 10, 2010 6:41 AM
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