Californians are attempting to reclaim the prospects of a top ten world economy from the disastrous downside of Global Warming Solutions Act (California Assembly Bill 32, or AB 32).
Leaders of the ballot measure campaign to amend the law filed over 800,000 signatures – well over the required 435,000 – to be able to vote on a proposition to delay the implementation of cap-and-trade, as well as 70+ other progeny regulations, until unemployment falls significantly.
Signatures are currently being verified by the Secretary of State, and the measure is expected to be on the November ballot.
Then versus Now
At the time the bill was originally signed in 2006, California’s unemployment rate was under five percent. According to the Bureau of Labor Statistics, statewide unemployment in April 2010 was a record high 12.6%.…