Monday, June 23, 2008

Obama Closely Tied to Ethanol Industry (and Its Obscene Subsidies)

In addition to Obama's ties to the nuclear industry, it appears the same ethanol peddlers who would seek government subsidies to replace our food supply with an inefficient motor fuel, driving up the costs of both, are all about O.

Somehow I am not surprised.
"Mr. Obama is running as a reformer who is seeking to reduce the influence of special interests. But like any other politician, he has powerful constituencies that help shape his views. And when it comes to domestic ethanol, almost all of which is made from corn, he also has advisers and prominent supporters with close ties to the industry at a time when energy policy is a point of sharp contrast between the parties and their presidential candidates."
Here's change for you :
"Mr. Obama, in contrast [to John McCain], favors the subsidies, some of which end up in the hands of the same oil companies he says should be subjected to a windfall profits tax. In the name of helping the United States build “energy independence,” he also supports the tariff, which some economists say may well be illegal under the World Trade Organization ’s rules but which his advisers say is not.

Many economists, consumer advocates, environmental experts and tax groups have been critical of corn ethanol programs as a boondoggle that benefits agribusiness conglomerates more than small farmers. Those complaints have intensified recently as corn prices have risen sharply in tandem with oil prices and corn normally used for food stock has been diverted to ethanol production."

Here is the skinny on the nuke-loving O :

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