If the legacy of Barack Obama’s first term is the Affordable Care Act, the legacy of his second term may be the streams of red tape rolling out from the Environmental Protection Agency to “fight” climate change. The EPA will release draft regulations June 2 designed to curb carbon emissions and save America from the Great Evil of global warming. The proposals are expected to cause rising electricity prices, a threat to the nation’s electrical grid, a chilling effect on the economy, and so on, while Washington argues that all its destruction is for the greater good. The regulations are so ominous that Democrats facing tough re-elections are asking the EPA to delay the rollout. That should speak at least to the bad politics at play, if not the lousy policy behind the rules. More…