Brad DeLong (channeling Severin Borenstein) provides substantive reasons to vote No on Prop. 80 (electric power re-regulation), but seems willing to go along with Ezra Klein who goes along with the editors of the LA Weekly in supporting Prop. 79 (negotiating prescription drug prices).
I have no problem believing that Prop. 79 is basically a good idea, but I don’t think it’s a good enough idea to justify sidestepping the legislative process. If some expert I know and trust had actually done an analysis of the details of the proposition, I might be talked into voting for it. But this is too much like flying blind for my taste. How about we elect a Democratic governor and then get a decent prescription-drug bill through the legislature, with hearings to make sure someone has thought through the key details?