The Obama Administration knows that the EPA’s regulation of business’s CO2 emissions will have dire effects on the economy.  How does it know?  His own staff prepared the documentation.  From The Foundry, a post by Senator John Barrasso:

Today I exposed a “smoking gun” White House memo to the Environmental Protection Agency (EPA). The memo warns that regulation of small CO2 emitters will have “serious economic consequences” for businesses and the overall economy. I was questioning EPA Administrator Lisa Jackson during the Senate Environment and Public Works Committee budget hearing.

I received the memo this morning, that’s marked ‘Deliberative: Attorney-Client Privilege’. In this memo Counsel for the White House repeatedly, repeatedly suggests a lack of scientific support for this proposed finding. This is a smoking gun, saying that the EPA findings were political and not scientific.

The EPA has failed to release the memo and has ignored the advice.

The nine-page White House memo undermines the EPA’s reasoning for a proposed finding that greenhouse gases are a danger to public health.

…To quote from the memo to the EPA, “making the decision to regulate carbon dioxide under the Clean Air Act for the first time is likely to have serious economic consequences for regulated entities throughout the US economy, including small businesses and small communities.”

The memo is an amalgamation of findings from government agencies’ sent from the Office of Management and Budget to the EPA.

So, no scientific basis for the regulations, which will adversely affect an already-contracting economy.  But they’re going ahead with it anyway because Obama and the Democrats want it.  They used to call George Bush stubborn when he wouldn’t change his mind about the strategy and tactics of the Iraq War.  So what do you call a Democrat President who knowingly tanks the economy by pushing a program his own staff says is based on lies?   Stubborn doesn’t begin to describe it.