'Cap & Trade' bill gives Obama unlimited powers

According to this article by the Washington Examiner:

Both the Waxman-Markey cap-and-trade energy approved earlier this year and the version just okayed by Sen. Barbara Boxer’s Senate Environment and Public Works Committee’s Democrats (Republicans boycotted the vote) contains an obscure but nasty bureaucratic provision that requires President Obama to act like Venezuelan strong man Hugo Chavez.

If the Powers That Be decide that the collection of greenhouse gases reaches a calculated equivalent of 450 ppm of CO2, that Obama will be given the authority to essentially shut down the country.  The cited reference in the Waxman-Markey bill HR 2454 seems to be Section 707a.

H/T: Dad29 and John Lott