Cap and Trade is a God-forsaken idea whose time should never come. That’s why this editorial caught my attention. Here’s what I noticed first:

How companies might earn such rewards, other than by greatly reducing their output, is a bit of a puzzle. “There is no way to comply,” said Assemblywoman Shannon Grove, R-Bakersfield. “Not only is it extremely expensive to try to comply with the standards in the medium-risk category, there is no approved technology that reduces emissions and enables food manufacturers to come in below the emissions cap set by CARB and still maintain the current level of production.”

While Ms. Nichols’ promised “rewards” may be nebulous, the government will be fully capable of punishing those who do not comply. There will be punitive fees and penalties for companies that fail to reduce emissions enough to satisfy the air board’s arbitrary overseers.

Why any state would voluntarily commit environmentalist-assisted suicide based on discredited junk science is beyond me. There’s a reason why California is an economic basket case and will continue to be one. It’s because they’re freaking nutjobs.

This paragraph would be laughworthy if it wasn’t so boneheaded:

Businesses emitting more than the government says they should will have to use “allowances”, credits, to make up the difference. Credits “will be mostly free when the program starts” on Jan. 1, reports the San Francisco Chronicle. But eventually they will have to be purchased at an auction run by a centralized government “market,” which, of course, is a contradiction in terms.

Will this “market” operate like the stock market and other markets? Let’s get serious. It’s government-run, meaning some people get more favorable treatment than others:

As with other government-administered markets, some companies will be required to buy a greater percentage of allowances, while others will be allowed more free credits, all at the government’s discretion.

I bet I’ve got company in thinking this ‘market’ is perfectly set up for cronyism, kickbacks and corruption.

When Republicans control the Senate and the White House again, they should send the message to California that there won’t be any Obama-styled bailouts for them. They should tell California that US taxpayers won’t foot the bill for their stupidity.

If California wants to be an economic basket case, that’s their constitutionally protected right thanks to the Tenth Amendment. If they want to make idiotic decisions, let Californians pay for those idiotic decisions.

The term too big to fail is mostly associated with banks and other financial institutions. I’d argue in this instance that term should apply to states, too. Too big to fail should quickly become a quaint term in a history book ASAP.

As with most liberal ‘paradises’, California’s economy has been decimated by reckless spending and idiotic regulations. If they continue making these types of decisions, then expect them to start losing people and businesses to Nevada, Arizona and Utah at an accelerated rate.

Labor and capital are mobile. California should’ve learned that through this year’s census. The census showed that, for the first time in decades, California didn’t gain additional US House seats.

It isn’t difficult to predict that California will start losing House seats starting with the 2020 census and reapportionment.

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