Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: TimF	9/5/2011 6:30:41 PM
	4 Recommendations of 224748

One-Program Proof Technocratic Government Does Not Work August 29, 2011, 9:55 am Ethanol continues to be one of the dumbest, most costly programs ever engaged in by the Federal government “Today, about 40 percent of all U.S. corn — that’s 15 percent of global corn production or 5 percent of all global grain — is diverted into the corn ethanol scam in order to produce the energy equivalent of about 0.6 percent of global oil needs. Corn prices, now close to $7 per bushel, have more than doubled over the past two years (see chart above). And recent harsh weather, including floods in the Midwest and drought in the South, will likely mean a subpar U.S. corn harvest. That, in turn, will mean yet higher prices for corn, which will translate into higher prices for meat, milk, eggs, cheese and other commodities. Environmental damage: check Fails to meets its goals (of reducing fossil fuel use): check Raises food prices: check Raises gas prices: check Highly regressive costs that hurt the poor most: check Benefits accrue to very a small group of the politically connected: check coyoteblog.com

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