Big Money Lining Up Against Prop 23
PASADENA, CA - SEPTEMBER 4: Smoke envelops the forest in the path of the 241-square-mile Station Fire near its eastern front deep in the Angeles National Forest on September 4, 2009 northeast of Pasadena, California. The 10-day-old blaze is the biggest wildfire in Los Angeles County history. Officials believe it was started by an arsonist along Angeles Crest Highway near La Canada, California. If caught, the suspect could be charged with first-degree murder for the deaths of two firefighters whose truck rolled down an 800-foot mountainside as they retreated from flames. In its march across the San Gabriel Mountains, the Station Fire has destroyed 76 homes, mostly cabins. The fire is about 42 percent contained and firefighters expect to have it fully surrounded by defensible fire lines in mid-September. (Photo by David McNew/Getty Images)
Thursday, Feb 10, 2011 Updated at 7:39 AM PDT
Supporters of Prop 23 qualified the initiative to help save businesses from the costs of complying with the landmark climate change regulation bill known as AB 32. The initiative, now known as Prop 23, would suspend the climate change law until after a persistent and precipitous fall in the state unemployment rate.
The trouble for the initiative: some big business money is going to opponents of the initiative.
Carla Marinucci on the San Francisco Chronicle politics blog had the scoop: the Democratic donor, billionaire Tom Steyer, has pledged $5 million. He'll be joining Republican wise man George Shultz.
The money and the bipartisan opposition is a good sign that Prop 23 is going down to defeat. Big money is often enough to sow public coubts about the measure, and secure a no vote.