Free Markets, Free People

corn ethanol


Gore: corn-ethanol subsidy “not a good policy”

Holy moly, perhaps the oceans will rise and hell will freeze over – but it won’t be because of “climate change” or whatever the warmists are calling it this week.  Nope, Al Gore has found a government program he doesn’t like.  Yup, that’s right.  And not only that – and this is the hell freezing over part of it – it’s a “green” government program.

Yes, friends, Al Gore says that the US government’s subsidies for corn ethanol is “not good policy”.

"It is not a good policy to have these massive subsidies for (U.S.) first generation ethanol," said Gore, speaking at a green energy business conference in Athens sponsored by Marfin Popular Bank.

"First generation ethanol I think was a mistake. The energy conversion ratios are at best very small.

"It’s hard once such a programme is put in place to deal with the lobbies that keep it going."

Gadzooks.  A flip-flop.  He supported the program previously.  Oh, wait – he was just making a political statement then:

He explained his own support for the original programme on his presidential ambitions.

"One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president."

Dear farmers – vote for me and I’ll pay you outrageous subsidies to grow corn for ethanol.  "Certain fondness” my rear end.  Nothing has changed about Gore in the “I’ll say anything to get what I want” department, has it?  Flippin’ piece of crap – buying votes with your tax dollars.   Not that he’s the only one that does it, but for heaven sake, given the financial situation we’re in does he have to be so freakin’ glib about it?

Of course the reason corn-ethanol is a crappy idea is the subsidies are high and thus 40% of the corn grown is grown for ethanol.  That puts it in competition with corn for food.  Any guess what corn based food products have done since this nifty little program has been in place?

Yes, they’ve gone up quite a bit.  In this case, we call that the “law of unintended consequences” only as a rhetorical device.  The consequences may have been unintended but there were any number of economists saying “if you do that you’re going to drive up food prices”.  And, of course, the answer from our government experts was the “you don’t know what you’re talking about”. 

You know, the same experts that have told us that more of us can have more health care and it will cost less.

Anyway I thought you’d enjoy Gore’s little walk-back.  Don’t forget the same experts who brought you corn-based ethanol and higher food prices will be “debating” an energy bill at some point in the future.  I’d hide my wallet before then if I was you.

~McQ