Now, while this law may not directly create any jobs, it does do the important duty of repealing global warming law AB32, which caused "higher utility rates and fuel prices," and paid subsidies to over 300 renewable energy companies. Lowering prices on fossil fuels and killing off that unproductive upstart industry of clean energy is clearly the best way to deal with an economic crisis. That must be why the guardians of public good, oil companies, covered 78% of the $3 million it took to get this law on the ballot.
Yes, the oil companies are going to protect YOU from that pesky environmental law that's making energy "so expensive." I mean, California oil companies can't help that oil comes with all these extra costs, like cleaning up the COSCO Busan spill in 2007 or the billion dollar BP mess of today. We just need to remove taxes on oil for a little while to let everyone get back on their feet! The California Jobs Initiative won't remove environmental standards forever, just until the state's unemployment rate drops below 5.5% for a full year. Sure that would require some of the lowest unemployment rates in California history, but with big oil protecting your jobs I'm sure we can all expect a new golden age to hit the state soon.