As we reported this morning, EPA administrator Lisa Jackson was forced to admit she had not even read the Waxman-Markey carbon taxing bill before her agency released a report claiming the economic impact of cap and trade legislation would be “modest.” Asked how the EPA could produce a report on a bill they hadn’t even read yet, Jacson said: “We had to make assumptions.” What were some of those assumptions? For starters, as University of Colorado professor Roger Pielke notes, the Obama EPA used GDP growth estimates far below those …
