Thursday, July 1, 2010

New at Reason: Ronald Bailey on Red Ink and Green Jobs


When Gov. Arnold Schwarzenegger signed a law
mandating a dramatic reduction in greenhouse gases, California’s
economy was in a very different place. It was 2006. Unemployment
was 4.5 percent. Thanks to inflated home values, residents felt
rich. But as Science Correspondent Ronald Bailey writes, today 12.5
percent of Californians are out of work, the government is in a
budgetary meltdown, and a movement is brewing to stop those carbon
cuts from kicking in.

View this article.





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