By the way, Prop. 23 is a grassroots effort to stop the AB 32 foolishness. The oil companies helped out getting signatures. The enviro-fleecers have outspent the Pro-23 faction by over 3.3 to 1. Proposition 23 is supported by the Howard Jarvis Taxpayers Association and a number of small business associations, as well as a lot of guys like me with no oar in the water other than wanting to save the state and our families from the financial and socio-economic disaster that AB 332 will otherwise cause.

first of all nice job advertising for your blog and previous posts, however I dont understand the relevance of your post. I think you are trying to justify AB 32 which has already been passed. what I dont understand is that you or your krugman you tube video make no mention of the actual issue at hand. please clarify if you will. I would love to hear what you have to say about the effects of prop 23 if passed.

Here’s an example from the “science academy” part of the equation:

The Swedish Academy is one of the Royal Academies of Sweden, which include three major science academies. Sweden’s Royal Academies were founded more than two centuries ago by King Gustav III who, in his infinite wisdom, granted Royal Charters; the purpose of which was to promote science, culture, and the arts in Sweden.

Given such a history, it’s not at all surprising that 224 years later the seeds that King Gustav planted have become Giant Sequoia’s and Sweden is now one of the world’s most prosperous nations, currently ranking 3rd overall on the Legatum Prosperity Index right behind Finland (#1) and Switzerland (#2).

By the way, Canada is ranked 7th and the United States is ranked 9th.

I wrote about it in a previous post.

Read: The Legatum Prosperity Index

http://harryhammer.wordpress.com/2010/06/06/legatum-prosperity-index/

Sweden’s Royal Academies are without a doubt the most influential scientific and literary bodies in the world. For instance, one of the many scholarly things they do is decide who gets Nobel Prizes.

The Nobel Prizes are five annual international awards presented to people in recognition of cultural and scientific advances. They were established in 1895 by the Swedish chemist Alfred Nobel, the scientist made famous for inventing dynamite.

The Nobel Peace Prize is probably the most well-known of the Nobel Prizes. However, it also happens to be the only one of the five prizes not awarded by a Swedish organization. That task is handled by the Norwegian Nobel Committee. The Chairman of the Norwegian Nobel Committee presents the Nobel Peace Prize in the presence of the King of Norway on December 10th every year (the anniversary of Alfred Nobel’s death).

The other Nobel Prizes are presented in Stockholm, the capital and largest city in Sweden. Incidentally, Stockholm is known for its beauty, its buildings and architecture.
It’s also recognized for its abundant clean water and gorgeous parks, which is inspiring given that the city is 760 years old, or about 5 times older than Canada and 3 times older than the United States.

The Royal Swedish Academy of Sciences awards the Nobel Prizes in Physics, Chemistry, and the Nobel Memorial Prize in Economic Sciences. The Swedish Academy grants the Nobel Prize in Literature. Each Nobel Prize includes a monetary award, which varies from year to year depending on how much the Nobel Foundation has available to give at the time. In 2009, the award for each category was about $1,400,000. Also, it’s not uncommon for recipients of a Nobel Prize to donate the prize money to some scientific, cultural, or humanitarian cause.

Make no mistake about it, a Nobel Prize is the most prestigious award in its field, and the prize winners are worthy of great respect.

Having said all that, the opinion of a Nobel Laureate, especially a winner of the Nobel Memorial Prize in Economics, should carry some weight on whether or not “AB32 will have a drastic effect on the California economy”, would you not agree?

Paul Krugman won that venerated prize just two years ago so, needless to say, he’s up to speed on this subject. In fact, Krugman is so up to speed that he was voted 6th in a 2005 global poll of the world’s top 100 intellectuals.

Krugman didn’t win the Nobel Prize in Economic Sciences on account of some communist conspiracy. He won it because the man has rock solid credentials. He’s written 20 books, including one that you would probably have to buy if your ever decide to study international economics. Furthermore, he’s published over 200 scholarly articles in professional journals and edited volumes. He’s also written more than 750 columns dealing with current economic and political issues for The New York Times.

He was recently asked in an interview if climate legislation will kill economy.

You can check out the brief interview (5:21) in its entirety here:

If you want to know more about what the smartest people on the planet think:

Read: Talent and Taste
http://harryhammer.wordpress.com/2010/09/19/talent-and-taste/

Read: Opinions that Matter
http://harryhammer.wordpress.com/2010/03/16/opinions-that-matter/

Read: The Highest IQ in the World
http://harryhammer.wordpress.com/2010/08/21/the-highest-iq-in-the-world/

2. the greentech industry is doing poorly b/c it is not as profitable.. thats why investor return is poor and only going to get worse. not passing prop 23 will not stop this trend

3&4. not real reasons a voter should decide so im not even going to address them

5. the idea is not that AB 32 is not working. it is that AB 32 is hindering the formation of new business. AB 32 will be back in effect after 4Q with 5.5% unemployment. it is cheaper to start up businesses without environmental regs. and then empose them afterwards. its not removing all regulation whatsoever. AB 32 is not stimulating the economy. basic supply and demand tells us that businesses will be created elsewhere under AB32. prop 23 just freezes it long enough to bring businesses back to cali.

6. news flash… china already has the edge, and that is because like us the do have environmental regs. but unlike us they dont empose those regs until after a business is established. which is what prop.23 aims to do.

7&9. these people and companies that back prop.23 are intending on creating jobs in california as soon as it is passed. and once unemployment is at 5.5% for 4Q they will be regulated under AB32

8. farmers will have an easier time growing and setting up new farms under prop 23 it will stimulate farming if anything else

10. the job creation from AB32 was all initial job creation. AB32 is not creating new jobs like the actual development of business would. at this point AB32 is hindering new entrants to the market who could more cheaply enter a market in mexico and then export products to us. prop. 23 will make it affordable to locate businesses in california.