The Ethanol Trap
The oil blowout will mean more
subsidies for the corn-fuel industry. That's bad news for consumers.
Conservatives have been writing about the ethanol scam for years -- how it is a lousy, inefficient fuel that drives up food prices; wastes food, fuel, and cropland; does zilch to help the environment; and gobbles up enormous amounts of public funds to no good end. It is nice to see that at least some liberals can take a break from sneering at how dumb and greedy conservatives are long enough to agree with us.
Not that the Slate author mentions that conservatives have been banging the drums on this for years, but no matter. The important thing is that the truth about this boondoggle -- a boondoggle fully supported by President Obama and his band of selfless supergeniuses -- is being reported in a place where liberals might read about it.
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