More Silver Linings
Dovetailing a bit on Brian’s post below we can take some measure of comfort in the fact that Californians–let me repeat that–Californians overwhelmingly rejected two green ballot initiatives.
Prop 7 a renewable portfolio standard mandate on utilities to purchase 40% of their power from more expensive and unreliable renewable sources by 2020 and 50% by 2025 .
Prop 10 essentially a tax increase to assist consumers to purchase alternative fuel/high-fuel economy vehicles, and pour taxpayer dollars into research and development for alternative fuels.
Looks like some people understood Barack Obama (and reality) when he said he would have to bankrupt the coal industry and cause prices to skyrocket in order to bring about a green economy. To create those millions of green collar jobs he has to destroy tens of millions of other jobs.
This is good news for Maryland, as people are recognizing the green agenda for what it is, all economic pain for no environmental gain. The General Assembly balked at the Global Warming Solutions Act–the crown jewel of the alarmist policy agenda–because of its negative economic consequences. The current economic downturn presents an even larger obstacle to them as well. Given that the greens made huge investments in Barack Obama, we are sure to get some form of federal cap and trade legislation, means that anything done on the state level would be injurious piling on.