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California's Own Economic Stimulus
By: Thomas Tanton
1.29.2009
I was honored to attend the Governor's speech at the Sacramento Press Club on Wednesday. Given the state of the State's budget, both the speech and press corp questions were focused on the budget negotiations of the Big Five. In response to a question from George Skelton of the LATimes (along with his reportage here) the Governor laid out his "four legged stool" analogy for his ideas within the negotiations: some new revenue, some new cuts, some new government efficiency (i.e. agency consolidation), and some 'economic stimulus.' The latter includes streamlining of environmental permitting and reducing frivolous lawsuits on public works projects, like roads and bridges and waterworks. It isn't clear if the Governor understands that such permit streamlining and lawsuit protections should also be applied to PRIVATE works projects, but they should. Private works are just as capable as public works (perhaps more so) at putting people to work.
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Perpetuating a myth
By: Thomas Tanton
1.27.2009
Yesterday's news in California was dominated by President Obama's directive to EPA to "relook" at automobile emission standards for greenhouse gasses. California has long sought a "waiver" that would allow imposing stricter fuel efficiency standards, but been refused by the Bush administration. ALMOST lost in the news, but unfortunately not quite, is more braying about California's "green jobs" and "green tech venture capital" as economy saviors. As written in the LA Times, and in SF Chronicle and elsewhere, the group calling themselves NextTen has published a compendium of statistics supposedly showing greater productivity in California due to green investments and heavy regulations aimed at energy efficiency. The reports fail to note some other pertinent facts and figures.
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Green Jobs?
By: Thomas Tanton
1.11.2009
Two recent events illustrate the need to re-think the enthusiam of both the Governor of California and President-elect Obama about the long term sustainability of "green jobs." Solar panel maker OptiSolar Inc. is laying off nearly half of its workers, including 105 of the 175 employees at its McClellan Park plant, the Hayward-based firm announced Friday. The same day, Sacramento-based Pacific Ethanol announced it was temporarily halting production at the Madera plant, the first facility it built. The company blamed "unfavorable market conditions" and said it doesn't know when production will resume.
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