Obama Risks the Economy for the Sake of His EPA Legacy

The Fiscal Times  "Like a teenager with $20 in his pocket, President Obama cannot spend our natural gas bonanza fast enough.

"We could use our newfound cheap energy to drive a manufacturing renaissance and create jobs, but the president wants to squander it combatting pollution. Heather Zichal, White House coordinator for energy and climate change, explains the president’s motivation: “He knows this is a legacy issue.”

"In a major address on energy and the environment at Georgetown University, Mr. Obama said he will direct the EPA to set emissions standards on power plants – limits that will drive up electricity costs, tax our economy and slow growth. This, despite the fact that CO2 emissions in the U.S. have dropped 12 percent in the past five years, are down to 1996 levels, and may well have peaked." Read more...