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Obama postponed the revision to the ozone standard today. It’s the right move for now.
Everyone wants clean air. The questions are how much it costs and who pays? We have a convoluted accretion of decades-long regulatory mechanisms that have very high costs to companies in pollution control and compliance (that require resource reallocation away from income-generating production) and high costs to state governments (i.e., state taxpayers) to implement ozone control programs. Postponement while we work our way through this recession is realistic.
