Investors.com
An Order From Obama Puts Another Boot On The Economy 

Anti-Industry: The president reportedly will tell federal agencies they can't approve major projects until their impact on global warming has been weighed. Why halt commerce in an economy in dire need of more? 

According to Bloomberg media, "President Barack Obama is preparing to tell all federal agencies for the first time that they should consider the impact on global warming before approving major projects, from pipelines to highways." 

Bloomberg says Obama plans to "expand the scope of a Nixon-era law," the National Environmental Policy Act, "that was first intended to force agencies to assess the effect of projects on air, water and soil pollution." 

It's happening just as Obama threatened it would: If Congress won't pass the laws he wants — in this case limits on greenhouse gas emissions — he will just make law on his own, without constitutional restraint. 

At risk under such a regime are "natural gas export facilities, ports for coal sales to Asia, and even new forest roads," Bloomberg reports industry lobbyists as saying. 

To that list we'd add fracking, which has produced a historic domestic energy, economic and employment boom. 

This latest menace from the White House has, not surprisingly, alarmed the business community... 

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