Category Archives: Prop 23

A big car for a big star: Arnold Schwarzenegger suffers a delayed mid-life crisis as he buys a $250k monster truck!

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.

Arnold takes his new wheels for a spin

Source: The Daily Mail

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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

Solargate: FBI executing search warrant at Solyndra

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.

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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

Solargate: How much longer will Solyndra (and others) be around?

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:

Revenue: $58.8mm
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

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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

CARB: Killing jobs in California

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

 

 

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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

AB 32 & Schwarzenneger Slapped by Court

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

 

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Filed under AB32 California, California, Cap & Trade, Carbon Taxes, Carbon Trading, Climate Change, Co2 Insanity, Financial, Global Warming, Legal, Politics, Prop 23

Thousands more green and other jobs flee California

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

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Filed under AB32 California, California, Climate Change, Co2 Insanity, Global Warming, Politics, Prop 23

Poor Ahnold…sniff..sniff

 

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

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Filed under AB32 California, California, Cap & Trade, Carbon Trading, Climate Change, Co2 Insanity, Financial, Global Warming, Government, Prop 23

Prelude of California Green Job Market

World's Shortest Guide?

Here’s a good one and you will probably be seeing similar stuff happening in California before too much longer. From American Thinker we get this from an item titled “MA Solar Plant to Close After 2 Years.” What? Green jobs unsustainable?

While the sun might be a constant source of light and heat apparently even constant Massachusetts government green dollars–$58,000,000 of them–couldn’t guarantee Evergreen Solar Company customers and a profit.

So just two years after opening a solar energy plant with great fanfare–and even greater state subsidies–the plant is closing and with it 800 jobs reports Todd Wallack of the Boston Globe.

It seems the Chinese have struck again by undercutting the market. I mentioned this earlier about a company in California called Solyndra who were visited by President Obama and are supposed to be the greentard panacea of jobs via manufacturing solar panels, but they already had to downsize and I would not be a bit surprised if they end up shutting their doors, too. They already downsized mere days after Prop 23 failed and left California’s AB32 global warming law in place.

California land of overpriced homes, over regulation of business and the second highest business taxes in the nation will more than likely drive Solyndra to another state or country that is more business friendly and may even drive them out of business.

You can throw in the fact that the Indians and greentards are already suing to stop solar plants in California and it could be the coup de grâce for companies making and installing solar.

Source: American Thinker

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Filed under AB32 California, California, Cap & Trade, Climate Change, Co2 Insanity, Global Warming, Politics, Prop 23, Renewable Energy, Solar

California chasing away cruise industry?

The SS California Economy - Sinking Fast

This time the cruise lines are fleeing. Two from the port of Los Angeles and one from the port of San Diego. We get this from the Contra Costa Times. Departing from San Diego for Australia……

The 2,500-passenger Carnival Spirit is moving to Australia by April 2012, the cruise line announced on its Web site, citing a “huge potential for growth” there while its San Diego business sags

Departing Los Angeles for more profitable pastures……

To the north, Royal Caribbean’s 3,100-passenger Mariner of the Seas is leaving on its final voyage from the Port of Los Angeles on Sunday and after a tour of South America. It will end up at its new home base of Galveston, Texas, the Los Angeles Times said. And the 2,348-passenger Norwegian Star will leave LA in May for Tampa, Fla.

So, what’s the financial devastation to the greentard state of California? Per the article it’s $54 million per year out the door in San Diego and while no figures were provided, you can probably safely double that in LA for another $108 million per year, making the total loss to the state $162 million a year off the top. No taxes coming in and the state will be paying out massive quantities of unemployment no doubt. If you’re a longshoreman in Los Angeles or San Diego make sure you thank a greentard for your unemployment.

While the cruise lines cite lower business and drug cartel violence in Mexico, you can probably bet grandma’s house that good old AB32 and the coming high cost of doing business in California may be the real cause of the decision or at least a larger part of it. While no one’s talking about it, you should figure in the high cost of doing business in California, which per the Tax Foundation, ranks 49th out of 50 states meaning only Rhode Island has a worse business tax climate. You can bet Florida and Texas will be better places to make a profit.

You can read the below regarding AB32 and Prop 23, which wealthy greentards like Arnold Schwarzenegger, Bill Gates, James Cameron, Al Gore and others helped to prevent passing in the last election. Per the Press Telegram…..

The California Air Resources Board and local port authorities have adopted numerous measures to curb diesel soot and carbon dioxide from ships, trucks and trains.

For example, the Air Resources Board in late 2007 adopted a plan requiring that ships turn off their auxiliary engines, use exhaust filters or plug into electrical outlets while visiting ports.

The ship plan is one of several “early action” measures designed to jumpstart AB 32.

Other threatened policies include a plan to require cleaner “low-carbon” diesel blends for trains, cargo-handling equipment and tug boats.

Well, don’t tell me that’s not all going to create an inhospitable business environment for the cruise lines. They like money and they run those ships 24x7x365. They dock in the early AM and they’re usually reloaded with food, booze and passengers by 12 Noon or so and on their way with the next cruise. I’d surmise an operation so efficient that it can restock a huge ship in a matter or hours isn’t going to want to absorb all those additional costs, especially considering the current economic environment. So, they’re voting with their feet and moving on to greener pastures. California can suck diesel fumes.

Yes Arnold, idiots at CARB and the legislature, that’s the way to bail out California! Scare everyone that pays taxes away and then sit and wonder who the hell will pay your next paycheck. Way to go dummies! And this is only the beginning. Who will be next? If Jerry Brown gets his proposed tax hike you can bet more businesses and tax paying citizens will be fighting to see who can leave the fastest!

Stay tuned. More CO2 Insanity.

Source: Contra Costa Times, Press Telegram, The Tax Foundation

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Filed under AB32 California, California, Cap & Trade, Carbon Taxes, Carbon Trading, Climate Alarmism, Climate Change, Co2 Insanity, Global Warming, Government, Politics, Prop 23

CCX Finally Closes for Good

Per the New York Times the Chicago Climate Exchange (CCX) has finally closed their doors for good as of December 31, 2010. However,  Porky Pig was not seen saying “th-th-th-that’s all folks!”

As usual it seems they have hope that everybody will get stupid again and give them another shot at it. Why? Well, while Congress has said no to cap & trade as have the Japanese, it seems the greentards in places like California are giving them hope.

I’d liken it to fishing. You can cast a lure out and reel it in and watch 10 fish totally ignore it, 5 fish look it over close and swim off, but there’s always one or two if the dumber ones who will take the bait. California is like one of those dumb fish.

Calif. keeps hope alive

But California’s recent moves toward mandatory emissions trading is breathing new life into the market. RGGI officials are also in talks to reform their system. And CCX officials say that although they’ve closed their contractually binding trading platform, they aim to leverage their relationship with some of the nation’s largest companies to revitalize the voluntary carbon market, while maintaining their dominant position as the largest host of trading in a variety of environmental commodities.

It gets even funnier. We all know that if you’re going to spend the kind of money it takes to start a carbon trading firm that you expect it to be a money-making business. At least I’d think anyone with a brain would. But, now that CCX has fallen flat on its face, it seems the warmer excuses are coming out of the woodwork.

“The point was to get companies familiar with allowances and trading, and how to do that and how to use offsets and exchange them on a platform. And that has all been accomplished,” said Lisa Zelljadt, an analyst at the carbon market research firm Point Carbon. “So with the advent of mandatory programs like RGGI and now California … the sort of experimental value of CCX as it was is over.”

Funny how the point suddenly changed from making money to getting “companies familiar’ and that now it was only an experiment. Laughable indeed.

I do like how they call them “CFI’s.” Might stand for ‘Complete “F***ing Idiocy in my book. If the aforementioned wasn’t enough for you here’s more on why I made that remark.

CFIs once traded as high as $7.50 per metric ton of CO2-equivalent emissions, but as of last Friday, the exchange trading price was just 5 cents, the same price they’ve been at for more than a year.

“Quite frankly, the market has pretty much collapsed,” said James Hugh, who handles CCX transactions for the utility PSEG. “There really isn’t all that much to do there.”

Yes, the price is at a whopping 5 cents per ton. A real money-maker, eh? Collapse? I’d say more like a nuclear explosion.

You can read all the other blithering and excuses at the source link below, but the bottom line is FAIL! That’s also next on the agenda for California thanks to AB32 and the support of the Gentardnator. More CO2 Insanity.

Source: New York Times

 

 

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Filed under AB32 California, California, Cap & Trade, Climate Change, CO2, Co2 Insanity, Global Warming, Government, Prop 23, Renewable Energy