Obama's EPA announced last week that they are going regulate CO2 as a hazardous substance harmful to human health. Having run a mill with a Title V permit, I believe that this little noticed change will over shadow the impact of cap and trade. This will bring all heavy industry left in the US to its knees in very short order. These heavy industries such as steel mills, paper mills, auto manufacturers, aluminum smelters, power plants, chemical plants, refineries etc all supply family wage, usually union jobs. Many of these plants and mills will shut down or be replaced with off shore facilities. This will be a disaster for our economy and Obama is all for it.