Former California Governor Arnold Schwarzenegger has partnered with the University of Southern California to create a policy think tank:
The USC Schwarzenegger Institute for State and Global Policy will be funded with a Schwarzenegger commitment of $20 million, which will include a personal donation as well as money from fundraising. Schwarzenegger's personal donation was not disclosed.
The former bodybuilder-turned-actor-turned-governor said the think tank will allow him, among other things, to pass along his experience from his seven years in Sacramento.
The Republican governor worked with Democrats to enact California's landmark 2006 global warming law, called AB32, which paved the way for the state's cap-and-trade system for controlling greenhouse gas emissions by the worst polluters.
"One of the great lessons I learned as governor of California was that the best solutions to common problems could only be found when each side was willing to engage thoughtfully and respectfully with each other," Schwarzenegger said in a statement.
The Schwarzenegger Institute could actually do a great service to Californians by concentrating on a case study trying find out why the ex-terminator was allowed to ruin the future of the great state in just seven years:
Andrew Chang & Company, which conducted the latest fiscal and economic impact study on behalf of CMTA, found that the average California family will end up paying an additional $2,500 annually by 2020 when AB 32 (Schwarzenegger´s global warming law, NNoN) is fully implemented. In addition, the state is expected to lose an additional 262,000 jobs, 5.6 percent of the gross state product, and a whopping $7.4 billion through decreased annual state and local tax revenues as a result. Figures from the study were based on more conservative estimates, suggesting that expected costs could actually range much higher.
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