Tuesday, September 26, 2006

More California dreamin'...clear skies, but how's business?

California's lawsuit against automakers isn't winning a lot of new friends over the the National Association of Manufacturers. At least they seem a little nonplussed about California's Economic Death Wish...

But, not to worry -- it won't be that bad. As Jim pointed out earlier today, California is now debating a petroleum production tax, too. That's balanced policy-making California-style: Push cars and gas out of the state simultaneously. A true supply and demand solution.

Meanwhile, gas prices are down again. Could we reach a point where Proposition 87's supporters and opponents actually spend more campaigning for their positions than the tax itself could raise, if the price of crude keeps falling?

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