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Published On: Sat, Oct 17th, 2020

California Is Blaming Its Crippled Economy On Climate Change

California Is Blaming Its Crippled Economy On Climate Change

Tyler Durden

Sat, 10/17/2020 – 21:05

With mass exodus occurring from California and the state on the verge of going broke, Democrats aren’t blaming their decades old misunderstanding of economics – but rather are using climate change as the scapegoat. 

California is now turning to wildfires that have made their way through 4.1 million acres in the state to lay blame as to the state’s worsening financial state. The fires have cost just $1.1 billion to battle over the last three years, a relatively small sum for such a large state, according to Bloomberg.

But, with the pandemic throwing a true wrench into the gears of the state’s economy – and the state’s residents leaving at an alarming clip – the state needs to blame its $54 billion hole in its budget on something. 

Scott Anderson, Bank of the West’s chief economist, said: “Policy action in the next one to five years would be optimal, and Read Full Article

Source: Zero Hedge via Feedburner

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