The Spectacle Blog

The Pain in Spain…Welcome to California?

By on 10.17.10 | 9:40AM

The Orange County Register has a must-read from Gabriel Calzada, the Madrid econ prof who responded with research to President Obama audaciously, serially citing Spain as his lead model for centrally planning the US economy. I treat how he was treated in response, in Power Grab.

What Calzada addresses is California's consideration of Proposition 23, to delay its 'world's first' global warming law which oddly looks an awful lot like those trains wrecks piling up around Europe, like Spain (such that, as Calzada notes, this talking point is possibly to distract people from actually examining the result where it has been tried, after Obama's embarrassment).

Which is also a nice example of the candor these people employ to get their way. Sort of like all of those interests standing to profit on the California's back as this suicidal policy ('Assembly Bill 32') drags the bankrupt state further down toward a federal taxpayer bailout, shrieking that anyone who supports delaying the scheme might have an economic interest in that position. Like, say, they employ people and have long-term capital investments in California and don't feel like having those costs stranded by a political class that's proven it's not up to handling issues to which emotional campaigns are applied.

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