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Read "The AIG Backlash: Has Congress Flipped...
...those of a man driving into the future while looking into the rearview mirror. Once U.S. light vehicle sales dropped over 30% the first two months of the year it was clear that the American auto companies would lose billions of dollars more than they forecast when they gave Congress their initial budgets late in 2008. (See pictures of the remains of Detroit...
...been two years since the U.N. Intergovernmental Panel on Climate Change laid out the definitive case that human beings were causing global warming, and two decades since NASA scientist James Hansen first told Congress of the threat of rising CO2 emissions. So, why has it taken this long for the Environmental Protection Agency (EPA) to announce that greenhouse gases endanger human health? Change can be slow in Washington...
...Bush-era EPA found that CO2 is a pollutant, but then administrator Stephen Johnson rejected the recommendation and delayed the process of regulating it, part of the Bush Administration's general obstructionism on climate change. When Lisa Jackson took over the EPA under the new President, however, she told Congress that one of her first acts would be to reevaluate her predecessor's decision, and she didn't drag her feet. "It's an exercise in leadership that takes the first step in regulating CO2 emissions from automobiles," says John Walke, the clean air director for the Natural Resources Defense...
...superseded - and even deep greens generally prefer Congressional action to federal fiat. But with cap and trade looking like it may become a victim of the White House's need to prioritize amidst a sea of crises, the EPA's actions could provide a much-needed nudge to Congress. "This is a strong message," says O'Donnell. "Congress either has to face the reality that something has to be done, or the Obama Administration will just do it itself." What's one more item on the world's longest Presidential to-do list...