This will take the Obama recession into an Obama depression for sure.
Check it out:
President Barack Obama will unveil a plan on Monday that will cut carbon pollution from power plants and promote cap-and-trade, undertaking the most significant action on climate change in American history.
The proposed regulations Obama will launch at the White House on Monday could cut carbon pollution by as much as 25% from about 1,600 power plants in operation today, according to those claiming familiarity with the plan.
Power plants are the country’s single biggest source of carbon pollution – responsible for up to 40% of the country’s emissions.
The rules, which were drafted by the Environmental Protection Agency and are under review by the White House, are expected to do more than Obama, or any other president, has done so far to reduce the carbon dioxide emissions responsible for climate change.
They will put America on course to meet its international climate goal, and put US diplomats in a better position to leverage climate commitments from big polluters such as China and India, Obama said in a speech to West Point graduates this week.