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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (553801)	3/8/2010 7:31:52 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1574351

Nope. You are rewriting history. The reason we have corn ethanol is because our government got into the business of choosing a technology. Our government should almost never choose a technology. No one knows which technology will ultimately win the race. Let the market decide that based on cost effectiveness and market benefit. The government's role should almost always be limited to encouraging competition in a strategic industry through the setting of goals and rules of the game. If I were king, I would have made renewable energy a priority and written laws that allow for the increase in competition for new energy sources without specifying which one's I favor. The trick to that is to tax the bad thing and give incentives for substitutes to the bad thing. In this case, tax gasoline, but give incentives to cars that don't use gasoline. Then people could choose the car that gives them the best mix of fuel vs performance, whether that be NG, ethanol, electricity, hybrids, whatever. So don't blame Vinod for taking advantage of stupid government policies. Blame the politicians for making stupid policies that are too prescriptive. In fact, you can start with the GOP and Bush, since they fought for an got those ethanol subsidies in place. Then you can move on to the Dems that supported them in the last decade.