Maybe, but somehow even dumber than his brother from another mother - if such a thing is possible:
Earlier this year, Gov. Jerry Brown claimed cap-and-trade would pay for his beloved $68 billion bullet train, which is behind schedule and about $60 billion short of funds.
“We do have other sources of money” for high-speed rail, the governor assured an interviewer in January. “For example, cap-and-trade . . . will be a source of funding going forward for the high-speed rail.”
So how's that working out?
The Golden State’s new carbon-trading program is the world’s second largest, after the European Union’s. The stated goal is to cut greenhouse-gas emissions to 1990 levels by 2020 and another 80 percent by 2050.
But California held its very first “carbon credit” auction last month — and it was a big disappointment.
Lawmakers had such high hopes for that cash. So high, in fact, that the money’s already spent.
Now we learn California will likely take in just $191 million, the legislative analyst says. The state already faced a deficit in June, but the disappointing carbon-credit sales mean it will be much larger — $1.9 billion and counting.
Paging Barack Obama:
It’s time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.
No doubt those jobs will materialize - as surely as Jerry Brown saw his "clean energy" initiative plug the funding chasm in the Cali budget...
Once again, "California is leading to nation" - but it seems as if fearful lawmakers - including our president - are afraid to tell us exactly where.
I did, just a few hours ago...