WASHINGTON — The Bush administration on Friday rejected regulating greenhouse gases blamed for global warming, saying it would damage the U.S. economy and cause too many job losses. In a 588-page federal notice, the Environmental Protection Agency made no finding on whether global warming poses a threat to people’s health, reversing an earlier conclusion at the insistence of the White House and officially kicking any decision on a solution to the next president and Congress. The White House on Thursday rejected EPA’s conclusion three weeks earlier that the 1970 Clean Air Act can be both workable and effective for addressing global climate change. Instead, EPA said Friday that law is ‘ill-suited’ for dealing with climate change. ‘If our nation is truly about serious regulating greenhouse gases, the Clean Air Act is the wrong tool for the job,’ EPA Administrator Stephen Johnson told reporters. ‘It is really at the feet of Congress.’ This contrasts sharply with the tone of statements President Bush made at the just-concluded G-8 summit of leading industrialized nations in Toyako, Japan. The United States at that meeting joined other summit partners in embracing a policy declaration to seek a 50 percent reduction in […]