This AP story (by John Heilprin) relays part of the Bush administration's spin on AR4 in the form of quotes from DOE Secretary Bodman and EPA administrator Johnson. They say the report is very nice thank you but they're not going to do anything because of "concern" about job loss from imposing carbon caps.
There is no paragraph from an economist backing up this speculation about job loss from carbon caps. Is this one of those "facts" that reporters never question because everyone just knows its true?
Update: And where's the "balance" from an economist talking about the job loss from doing nothing?