The great bubble brains among us are buying signatures this spring for a November initiative that would suspend AB 32, California's global warming law, until the state's unemployment rate dropped below 5.5 percent. The unemployment rate, now at 12.4 percent, has not dipped below 5.5 percent since September 2007, when the speculative real estate bubble was popping, with a sound heard round the world.
The game is to blame environmental law and regulation for popping the real estate bubble. The game is to blame environmental law and regulation for what finance, insurance and real estate special interests did to the entire global economy.
Many subdivisions in this state were built by wholesale corruption of the enforcement of environmental law and regulation. Environmental law and regulation aren't foreclosing on peoples' homes.
The plutocrats who pillaged this economy are afraid that economic pain is waking people up to the massive political fraud that was the handmaiden every step of the way down. So, they hope to start a big fight among the citizens and watch the circus from their box seats as the people fight over imaginary bread.
Badlands JOurnal editorial board
Read More »