In the latest Economic Report of the President, the Obama Administration devotes an entire chapter to its policies on climate change. As usual with such matters, the narrative begins with defensible statements about natural science, and then leaps to completely unwarranted policy recommendations without even attempting to give a cost-benefit justification. In the present post I’ll walk through some of the most serious half-truths and omissions to show just how weak the Administration’s position on carbon policy really is.