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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Sr K who wrote (89787)11/6/2008 2:43:48 AM
From: Haim R. Branisteanu  Read Replies (1) of 116555
 
I wish those should be his mistakes -

No one noticed that he will continue and enlarge the ill conceived policies of producing and subsidizing ethanol as a substitute to gasoline from row crops - this policy gave him the votes of the corn belt

From an energy balance and CO2 emission point of view producing ethanol from grains is CO2 positive and energy negative - meaning more energy is put into the process than extracted and more CO2 pollution is emitted than saved

Billions upon billions of USD will be wasted on a failed technology that only benefit the grain growers and fertilizers manufacturers at a time of other alternative energy processes and technologies are far superior and actually assist us in saving on imported crude oil or improving the trade deficit.

Bush was lured to approve congress measure by wrong and biased studies and congress passed into law subsidies which are unjustified but enriched farmers on our expense.

This is the first electorate group gained by legislative corruption that I have identified that voted for their own pockets and not for the benefit of the country.

Same way Bush tax incentive will be eliminated so should the subsidies for producing Ethanol and other transportation fuels, produced form grains and legumes.

Farmers should earn an honest living from their land and not relay on government handouts for ill conceived policies based on misleading or intentional fraudulent studies
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