Boulder may be stoopid but California and Governor Moonbeam Jerry Brown are stoopider.

Observations from John Hinderaker…

The Wall Street Journal headline tells the story succinctly: “California Budget Hit By Facebook’s IPO.” Wait a moment: how exactly is a budget “hit” by the creation of massive new liquid wealth?  It seems the state had counted upon getting $1.9 billion in capital gains taxes from Facebook’s debut as a publicly traded company, but since California has unfriended the entire business community it is not surprising that the take will only be about $1.3 billion.

Beware Boulderites, this is headed your way soon…

Meanwhile, rumors are flying around Sacramento that Gov. Jerry Brown is about to go full Moonbeam on us again, and may call in his upcoming State of the State address for California to raise its current “renewable portfolio standard” for electricity from the current ridiculous target of 33 percent by the year 2020 to 40 percent. More: he might even call for banning any future construction of gas-fired power plants in the state. I guess Jerry thinks we can power the state on his recycled speeches. There’s certainly a lot of hot air in them.

No Federal Government bailouts of individual states.