According to an article posted on Watts Up With That?, a leaked OMB memo declares that, while CO2 has no demonstrated direct health effects, there may be serious economic fall-out from attempts to regulate the trace gas:

“Making the decision to regulate CO2…is likely to have serious economic consequences for regulated entities throughout the U.S. economy, including small businesses and small communities,”

[...]

An EPA finding last month that greenhouse gases are a danger to public health rests on dubious assumptions and could have negative economic impacts, a memo from the Office of Management and Budget (OMB) warned.

[...]

“To the extent that climate change alters out (sic) environment, it will create incentives for innovation and adaption that mitigate the damages...The [EPA finding] should note this possibility[.] … It might be reasonable to conclude that Alaska will benefit from warmer winters for both health and economic reasons...”

The AGW bandwagon is running out of gas. That's what I'm talking about!

S