Hope and Change...
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 way that could hurt business.
But while administration officials have long said they prefer Congress take action on climate change, the economic official who spoke with reporters Tuesday night made clear that the EPA will not wait and is prepared to act on its own.
And it won't be pretty.
"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."
And, by "uncertainty", they mean "economic doom".
The worst part is, they know there's no uncertainty about it.
The only question that remains is whether or not this ongoing campaign to destroy the private sector economy is being perpetrated intentionally, or is it merely the end result of the gross incompetence of this administration.
God, I hope there's still a viable country here when November 2010 rolls around.