Oh, by the way, ethanol subsidies are dead.
Details here and here: the short version is that the Senate back in June kicked off opposition to continued ethanol subsidies via a bipartisan amendment: it didn’t pass, but Congress has just let both the ethanol subsidy and a restrictive foreign tariff (on Brazilian sugar-cane ethanol) lapse. Given that the Iowa caucuses will be finished by the time Congress reconvenes – and given that the | Read More »
The Circle of Corn-based Ethanol.
It’s quite fun, for given values of “fun:” The US Government subsidizes the production of corn-based ethanol, as a substitute/supplement for gasoline. To maintain a demand, the US Government pushes for standard gasoline mixtures containing 10% ethanol. This will supposedly decrease pollution and increase efficiency. Corn is then turned into ethanol wholesale. Corn-based food prices rise. That includes critters that eat corn, by the way. | Read More »
Assigning blame for higher food prices.
Via Instapundit comes this story warning that restaurant food prices are about to sharply rise. The challenge for the government? Why, finding who to blame, of course. After all: can’t blame it on short-sighted conversion of corn crops into ethanol; the government’s pushing for even more use of ethanol, despite the objections of the auto industry. Can’t blame it on higher gas prices; the government | Read More »
House Dems bribed to silence on tax bill?
Allahpundit calls House Democrats “a gang of cheap losers” for folding like this, and it’s hard to disagree: apparently, all that rhetoric about tax cuts for the rich can easily be trumped with an additional ethanol subsidy. To which I say, drink deep: because in a world where Al Cubslayer Gore is talking about ending that kind of pork, the odds that it’s going to | Read More »