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We continue our coverage of California's budget crisis -- Governor Schwarzenegger is special advisor on jobs and economic growth David Crane.
David welcome to the program at California State Arizona man David on down below that he was on this show yesterday.
And you disagreed with something he said I -- -- let the audience know exactly what he said that you disagree with -- -- We agree with senator Dianne Feinstein.
-- this is not a time to implement.
Cap -- trade.
This is the time decree draw.
Now he wants to roll back the special cap and trade emissions control standards that you golf in California.
He says it destroys jobs use -- that those emissions standards actually created green jobs -- the -- is saying it create a one and a half million jobs in the last thirty odd years is that correct so.
Yes and more importantly.
What Dan is doing is misrepresenting.
What's causing California's unemployment rate be higher than it should be.
We really wish these guys like Dan in the other politicians who are doing the special or doing the bidding now -- -- special interest who went to.
Curtail AB 32 we with a focus on the things that really matter for jobs and economic growth like tax reform that you refer only that you've -- to -- this site does that you've you've got.
-- -- the premise of his argument and the premise is that you'll special and extreme.
Environmental rules in California.
All costing jobs not is easy to know -- and -- wrong and I'm happy to answer that if you wrong yes he's wrong OK maybe get.
They -- wrong and and let me explain -- -- in 1991.
California's unemployment rate divorced from the national rate under governor Pete Wilson a Republican governor.
And it has stayed above the national rate since 1991 it reached a 145%.
Of the national rate.
In the mid 1990s.
That you can attribute that in the fact that it is never closed since then through good times and bad times.
You can attribute that to a higher tax rates you can attribute that to budget problems but you cannot attribute that to AB 32 which wasn't -- passed until 2006.
Does even go into effect until 2012.
OK annually as I was asking for if you -- ladies if you put in these very strong.
Environmental controls and regulations.
You know you put up the price of energy.
You know you've got much time -- cut regulation are you telling me.
That businesses will not leave California they thought that what else did -- -- -- you -- that.
In yes I'm telling you that and the key is what you do with the proceeds when you raise the price of energy.
That's why Governor Schwarzenegger supports things like cap and tax cut cap and dividend.
Everybody understands that in order to have competition in the energy business so the we're not 97%.
Reliant on oil which is priced by -- by yeah.
Venezuela and Iran.
Why we don't have competition that business is because we're not properly pricing energy if you private -- price it properly.
And then you return all of the proceeds to the citizens in the form of tax cuts or dividends.
Then you have can have a faster growing economy and you can have competition wasn't at all it's California and resulting energy.
-- California is insolvent.
If you cut taxes when I I you're talking out of state budget if you give it -- but the one thing or the other you're -- the economy you're telling me that -- got to rotunda.
The high -- prices and higher taxes to the people in an insult but states.
Well it could eliminate -- and that it that's that's a virtual promise first of all.
On -- the first -- if you if you add an additional dollar revenue.
Put aside the way -- status finance right now if you add an additional dollar revenue from cap and then return that dollar revenue to the citizens.
You've left the state budget in the same condition it was in before how can you tell us -- I will tell people is insolvency celebrated how can you just.
Put it -- one side you can't do that you're insolvent of course you.
-- of course you -- if you're talking about things for jobs and economic growth that's what we want these guys to focus on things that really move the needle like tax reform pension reform.
You guys have fox have been a good job public's of exploring why California has the jobs and economic growth problems that it happens.
And that's one of those reasons is we have a tax system which penalizes people who produce jobs and economic growth the governor Purdue proposed.
A wonderful tax reform.
Eliminate the corporate income tax reduce all tax rates across the board and what are these legislators doing nothing.
He's proposed pension reform since he took office look at what -- the legislators doing nothing instead.
We get guys like Dan Logue will months ago and if you wanted to go a little suspicious about it or not he'll probably around that time -- may have told you what you've told us.
-- much more extreme.
Environmental -- mission's control standards.
In California will not cost jobs they will create jobs you've made your case we're listening.
I -- -- got to be guided very very interested to see what the people of California think if this does become a ballot initiative.
Today decried it was a pleasure and we thank you very much for being on Imus is again what we're -- in the August -- rodeo thank you.
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