Fox News finally does a good news report:
The Obama administration is warning Congress that if it doesn’t move to regulate greenhouse gases, the Environmental Protection Agency will take a “command-and-control” role over the process in a way that could hurt business.
“This is not an ‘either-or’ moment. It’s a ‘both-and’ moment,” she said. “If you don’t pass this legislation, then … the EPA is going to have to regulate in this area,” the official said. “And it is not going to be able to regulate on a market-based way, so it’s going to have to regulate in a command-and-control way, which will probably generate even more uncertainty.” “So, passing the right kind of legislation with the right kind of compensations seems to us to be the best way to reduce uncertainty and actually to encourage investment,” the official said.
What EPA means is that if Congress doesn’t pass the cap-and-trade bill, they will just make CO2 a pollutant and regulate it that way. It’s ridiculous.























