This should be titled “A big car for a big hypocrite.” Why? Because Arnold Schwarzenegger’s hypocrisy evidently knows no bounds.
When he was the Governator (evidently he must have thought this was an acting job), he stuck the citizens of California with what is known as Assembly Bill 32: the Global Warming Solutions Act. A nefarious plan to suck money out of the bank accounts of California citizens and businesses via a cap and trade program. You can click the link above and read for yourself.
The end result will be that if you buy anything in California the price will be going up as when the price of gas and diesel rises, so does everything else as it’s all delivered by truck. You can bet CARB will be costing the refineries and trucking companies a lot of money buying carbon credits and making them file a 50 page report, in triplicate, every time someone farts at work.
Let’s not forget this isn’t going to be good for the job market in California either. If price of goods and doing business goes up businesses will have less of those dollars to spend on hiring and expansion. This, in our humble opinion , could also drive even more business out-of-state and cause more bankruptcies.
Meanwhile, after screwing everyone in the state, what does the Hypocriteanator do? Oh, he buys a huge Mercedes Unimog! A gas hog par excellence, that should probably have its very own cap and trade program set up. A little research shows that on Unimog forums most claim to get about 15-16 miles per gallon. Certainly not in Prius territory. Not to mention they’re diesels, emitting soot, another no-no for the do-gooder greentard crowd. Let’s not forget Arnold likes to fly private jets all the time, too. Spewing out more of that carbon he’s so ‘worried’ about.
As such, we are awarding Arnold the one-fingered CO2 Insanity salute for Hypocrite of the Month.
Source: The Daily Mail
Filed under AB32 California, California, California Air Resources Board, Cap & Trade, CARB, Carbon Taxes, Carbon Trading, Climate Change, Co2 Insanity, Global Warming, Government, Prop 23
There is a new turn in the Solyndra debacle this morning. It is being reported by papers, radio and TV that the FBI is executing a search warrant at Solyndra and the Inspector General at the Department of Energy is also involved.
No word on what they’re looking for but I would suspicion it has to do with the $500+ million in loan guarantees provided by the government and Solyndra’s sudden closure last week, laying off about 1,000 employees without notice.
It makes me also wonder if there are any plans to do a search at Oklahoma billionaire George Kaiser’s place as he is the majority owner of Solyndra, who is reported to be a large fund-raiser for Obama in 2008 and who was possibly instrumental in getting Solyndra the loan guarantees.
Update 1: This now has me wondering what exactly is going on. Is this a raid to get evidence for a possible prosecution? Or, is this a raid to remove evidence that may come back and haunt the Obama administration? The way things are going these days (Operation Gun Runner and Operation Fast & Furious), I certainly would not be surprised if this turned out to be some move by Attorney General Eric Holder to sanitize things for the President. Reelection is coming up you know.
More later as things develop.
Filed under California, California Green Jobs, Climate Alarmism, Climate Change, Climate Disruption, CO2, Co2 Insanity, EPA, Financial, Global Warming, Government, Green Energy, Green Tech, Prop 23, Solar, Solargate, Solyndra
Another solar company flop?
I’ve ragged about Solyndra before. There’s weird stuff going on with this company who even after obtaining a $535 million government loan guarantee and venture capital funds has suffered the inability to go public. They had to lay off employees and shut down one facility immediately after California’s Prop 25 initiative failed (the one that would have neutered California’s global warming law AB32). They’re now being investigated by Congress (House Energy and Commerce Committee) and their CEO recently bailed out. All in all it doesn’t appear to be a pretty picture for Solyndra, California, or their green jobs poster boy Governor Jerry Brown.
Wall Street Pit has some pretty damning information not only about Solyndra but the solar industry in general:
Solar stocks have been a terrible investment over the past few years. Some of the big public names have been hammered.
FSLR – First Solar = -65%
LDK – LDK Solar = -88%
ESLR – Evergreen Solar = -100%
SPWR – SunPower = -88%
Regarding their failed IPO:
What was in the prospectus wass (sic), no doubt, the real reason that investor chose to take a ‘pass’ on the deal. There were revenue/expense numbers for the nine months preceding the proposed deal:
Cost of Goods Sold: $108.0mm
That is an absolute complete disaster. This is a low margin business to begin with. At Solyndra they were losing 84 cents for every dollar of sales.
Based on that and the rest of what’s in this article about Solyndra, one has to wonder how much longer they’ll be in business. Will they do what Evergreen Solar did and move their operations to China and then file bankruptcy to get out of their massive debt in the United States?
Or, will some other state offer them greener pastures like these two companies, who couldn’t get away from California’s high taxes, business stifling regulations, congestion, high housing and labor costs fast enough.
Sooner or later reality has to hit the people who think solar and wind provide magic free electricity. Until then it’s more CO2 Insanity.
Source: Wall Street Pit
Filed under AB32 California, California Air Resources Board, California Green Jobs, Climate Alarmism, Climate Change, Climate Disruption, Climategate, CO2, Co2 Insanity, Energy, Global Warming, Government, Green Energy, Green Tech, Politics, Prop 23, Renewable Energy, Solar
This is an interesting video about the shenanigans that go on at CARB under the liberal guise of protecting us, which should be better known by most as fraud. Watch how they are destroying the California economy and killing jobs. I can’t wait until there are no taxpayers left after everyone flees over-regulated and over-taxed California for other states or countries.
California definitely has an over abundance of CO2 Insanity. It starts in Sacramento and spreads it evil tentacales throughout the whole crazy state.
If you want to read more on this go to http://www.killcarb.org
Filed under AB32 California, California, California Air Resources Board, CARB, Carbon Taxes, Carbon Trading, Climate Alarmism, Climate Change, Climate Disruption, Co2 Insanity, Editor, Financial, Global Warming, Government, Mary Nicols, Politics, Prop 23
Finally, someone in the state of California with some common sense! Per Reuters Africa of all places…….
A San Francisco judge has tentatively ruled that California did not adequately consider alternatives to creating a carbon market, a decision which clouds the premier U.S. climate change program’s outlook.
California’s so-called cap-and-trade plan is seen as the vanguard of U.S. climate change policy after the U.S. Congress failed to pass a federal system, and the plan’s fate is being watched globally by environmentalists and industry.
While only a tentative ruling at least this is a start in the right direction to stop this mad plan that will accelerate California’s bankruptcy. You can read more at the source below.
When will someone notice that setting up carbon trading with foreign countries, as California has done on its own is also illegal?
Source: Reuters Africa
Filed under AB32 California, California, Cap & Trade, Carbon Taxes, Carbon Trading, Climate Change, Co2 Insanity, Financial, Global Warming, Legal, Politics, Prop 23
AQT Solar's new plant in South Carolina
Well, the cigar smoke from the Governator hasn’t even blown out of Sacramento yet and already more green businesses are fleeing California for, shall we say greener pastures?
According to California Watch more solar panel manufacturing companies are going to boogie……
This week, two Silicon Valley solar panel manufacturers announced they would build factories in southern states that offered business-friendly conditions and strong clean energy markets.
Stion, based in San Jose, will invest $500 million to build its new production facility in Hattiesburg, Miss., after the state agreed to a $75 million loan, and tax and training incentives. AQT Solar of Sunnyvale said it would spend $300 million to open its plant in Blythewood, S.C. The factories are expected to generate 1,000 jobs each.
And just before the new year, Wisconsin announced $28 million in tax credits to relocate a Chatsworth solar panel firm to the state. W Solar Group, located just outside Los Angeles, expects to create about 620 jobs at its new home in Dane County, Wis.
They’re not the only ones leaving. According to the Business Relocation Coach, we’re over 150 companies that fled in 2010 and with AB32 kicking in and the onerous taxes and regulations that businesses in California must deal with I’ll bet that more won’t let the door hit them in the ass in 2011 as they head for better environments. Even the cruise industry is fleeing.
I have to ask Jerry Brown who the hell does he think will be around to pay for all these tax increases you want? I guess the state can take some of the money back it gives to welfare and unemployment recipients, who will probably be the only people who will vote to raise taxes to cover the rampant spending on bullshit that goes on in California on a daily basis. I’d also have to ask who’s going to hire those “500,000” people you claim will get green jobs? Will they be moving to South Carolina or Mississippi perhaps?
I wonder how Solyndra is doing this year?
Source: California Today
How much as the Greentardnator cost Californians?
Talk about hubris! Now we have the ex Governator of California who now appears to be trying to make himself into the Greentardnator whining that while he was governor it cost him about $200 million. Per the Daily Mail……
Serving as California governor personally cost Arnold Schwarzenegger at least $200 million, he has told a newspaper in his native Austria.
The 63-year-old two-term governor told newspaper Krone that, when expenses and lack of earnings from Hollywood films were taken into account, ‘in all it is probably more than $200 million’.
Well Ahnold, to that I just can’t seem to find any tears for you. Especially in view of what AB32 (California’s cap & trade law), which you could have vetoed will probably end up costing the citizens of California. Moreover you even helped ensure it stayed in effect by campaigning ardently against Prop 23.
AB32 could end up costing the taxpayers of California billions of dollars and untold thousands of jobs (the cruise lines are already fleeing) unless someone manages to wake up before too much longer and fix the problem. If you don’t care about us so why should we care about you?
Sounds like we may have yet another case where again Ron White is correct when he says “you can’t fix stupid.”
Source: The Daily Mail