SENATOR INHOFE: ...This is what we determined during the Warner-Lieberman bill last year, 13 months ago, and that was the EPA that said this is the difference it would make. And let's keep in mind, the IPCC said they wanted to keep it down below 550 parts per million. And this shows by the EPA chart that with or without the developing nations it makes virtually no change.
Do you still agree with this chart? Dr. Chu,
SECRETARY CHU: Uh, no, I don't agree with that chart.
INHOFE: Do you, Secretary Jackson?
ADMINISTRATOR JACKSON: I believe that essential parts of the chart are that the U.S. action alone will not impact CO2 levels ..
Watt's Up With That concludes with Inhofe's analysis on the effects of the bill if the USA acts unilaterally without China and India:
"I am encouraged that Administrator Jackson agrees that unilateral action by the U.S. will be all cost for no climate gain," Sen. Inhofe said. "With China and India recently issuing statements of defiant opposition to mandatory emissions controls, acting alone through the job-killing Waxman-Markey bill would impose severe economic burdens on American consumers, businesses, and families, all without any impact on climate."
"...I was somewhat surprised that Secretary Chu disagreed with EPA's analysis of what would happen if the U.S. acts alone to address climate change, which cap-and-trade supporters claim is a global problem," Sen. Inhofe said. "EPA's analysis that global greenhouse gas emission levels can only be stabilized with meaningful, mandatory action by China and India is widely accepted. I extend an invitation to the Secretary to see whether he wants to clarify his remarks."
So without the participation of China and India, the climate bill will have virtually no impact on global CO2 emissions.
Please read full from source and You can see the transcript of a video of both these Obama administration officials responding at complete odds with each other under questioning from Oklahoma Senator Jim Inhofe at the Senate hearing on climate bill.