The immediate impact of these global warming laws will be a California recession. Even without these laws, California is headed for difficult times because of the subprime mess. These laws are going to dramatically increase energy costs and reduce economic activity. We will have a two state recession: Michigan due to unions and California due to global warming hysteria.
Unfortunately, California is the dim model for the rest of the country. Other dim states are enacting the same laws. Colorado already has some of the same laws. The dim governor and legislature does not want to fall behind their California comrades. Nationally, the dims want to impose the same straitjacket.
Even if the dims do not impose these draconian measures on the rest of us, California alone has enough clout to have a substantial impact. California is not content to control generation of their own power. They are attempting to control generation of power in other states by refusing to buy power not to their standards. The energy industry is willing to accommodate this madness. The energy industry will make a good profit. Who cares if energy costs increase?
Global warming is massive socialism. These California laws are effectively government control over the energy industry and any other economic area that produces greenhouse gases. The lost economic activity to comply with this madness will dwarf the additional economic activity produced.
California wants to test the broken windows theory. If a shop owner gets his windows broken, does it increase or decrease economic activity? The dims want to tout the economic activity from fixing the window. They do not acknowledge the lost investment of the shop keeper. These California laws will impose a vast man made disaster over California. The winners will profit by forcing everyone to pay for compliance. The compliance cost will be enormous.
and some of the dumber states, or at least dumber governors, are following Fantasyland’s example.