The EPA has officially taken the U.S. economy hostage. With a recent upgrade of carbon dioxide to pollutant status, the federal agency now has the ability to regulate, via command and control, all CO2 emissions in the United States. This declaration happens to coincide with the debate over Cap & Trade, which seeks to put a cap on CO2 emissions and allow credits to be purchased to exceed the limits.
Why is this significant? Essentially, if Cap & Trade does not pass in the Senate, the EPA will make a move to establish full control over emissions themselves. It's Cap & Trade without the Trade. This tactic is nothing more than blackmail; if the Senate doesn't pass it, the EPA will commit economic suicide and destroy American industry. The Senate will thus have to choose the lesser of the two evils and pass Cap & Trade.
