Obama hasn't shown a lot of wisdom in his cabinet choices so far, and is evidenced in relationship to ethanol, as he picked ethanol subsidy proponent Tom Vilsack, former Iowa governor, to lead the Department of Agriculture.
The conflict of interest is too obvious to have to comment on, in that Iowa has been the largest recipient of taxpayer dollars, receiving the largest portion of the over $25 billion wasted on ethanol subsidies so far.
Not only that, but Vilsack is even more radical in pushing for larger subsidies for the failing biofuel strategy.
It's hard to understand how Obama on one side of his mouth asks for a cap on subsidies for wealthy farmers, citing the excessive power the special interest group wields, and then on the other side of his mouth places someone like Vilsack in charge of the Department of Agriculture. It's a grim, complete disaster.
"The president-elect’s own history is difficult to square with his recent farm-reform talk. Obama ardently backed ethanol subsidies while in the Senate — his home state of Illinois trails only Iowa in corn production — and one of his closest confidants, former Senate Majority Leader Tom Daschle, is as responsible as any politician for the explosion in these subsidies."
Not only does corn-based ethanol require more inputs than other crops, but the usual unintended consequences have emerged, and as usual hurt the little people the most, as processed food prices soared in response to the artificial propping up of the prices of corn, driven only by Federal subsidies.
It looks like a lot more pain will have to be inflicted on people before politicians and environmentalist admit the failure of this venture, which was instigated by the unholy agreement between the two.
Now that the obvious results of the disaster are becoming known, green groups are trying to distance themselves from the debacle, as they're made to look like the fools they are.
All of us are still waiting to see where the reform promised by Obama is going to implemented. So far it's business as usual in Washington. And in the case of ethanol, it's an increasing disaster no one is willing to admit to and just drop off the subsidy list.
Showing posts with label Obama Ethanol. Show all posts
Showing posts with label Obama Ethanol. Show all posts
Monday, January 5, 2009
Obama's Pick of Tom Vilsack for Agriculture Secretary Grim News for Nation
Labels:
Corn Based Ethanol,
Ethanol Demand,
Ethanol Disaster,
Ethanol Failure,
Ethanol Subsidies,
Obama Energy Policy,
Obama Ethanol,
Tom Vilsack
Wednesday, November 5, 2008
So much for change! Obama to follow same failed ethanol policy as Bush
We now see the first step in change Obama will perform in his new administration, he will keep the failed ethanol policy of President Bush in place. Wait! Change? What's this?
It's politics as usual in Washington, and things aren't going to change in spite of this being the most "important" election in decades.
Obama has already confirmed this through his announcement via his campaign senior energy adviser Heather Zichal, who recently said concerning Obama's policy for ethanol: "Obama recognizes how important the renewable and biofuels industry is to creating jobs and meeting our goal of reducing dependence on foreign oil. He's fully committed to it and sees tremendous value in the renewable fuels standard and continuing down this path."
Yawn. I guess the food riots will continue around the world, and feed prices rise as we continue along this disastrous path.
Even though the idea of cellulosic ethanol was offered up as the eventual future of the biofuel, the truth about it at this time is it costs about twice as much to produce as corn-based ethanol, and it's many years away from being ready for use, if it ever is.
When subsidies and tariffs can't even make an industry succeed, it's far past time to change directions and admit mistakes. To continue to pour billions down this rabbit hole is irresponsible at best.
One major reason for Obama is his home state of Illinois is the second-largest producer of ethanol, and he also was rewarded by Iowa on his presidential run. He wouldn't dare to the right thing by ending this travesty, as he would pay for it in four years.
Business as usual in Washington.
It's politics as usual in Washington, and things aren't going to change in spite of this being the most "important" election in decades.
Obama has already confirmed this through his announcement via his campaign senior energy adviser Heather Zichal, who recently said concerning Obama's policy for ethanol: "Obama recognizes how important the renewable and biofuels industry is to creating jobs and meeting our goal of reducing dependence on foreign oil. He's fully committed to it and sees tremendous value in the renewable fuels standard and continuing down this path."
Yawn. I guess the food riots will continue around the world, and feed prices rise as we continue along this disastrous path.
Even though the idea of cellulosic ethanol was offered up as the eventual future of the biofuel, the truth about it at this time is it costs about twice as much to produce as corn-based ethanol, and it's many years away from being ready for use, if it ever is.
When subsidies and tariffs can't even make an industry succeed, it's far past time to change directions and admit mistakes. To continue to pour billions down this rabbit hole is irresponsible at best.
One major reason for Obama is his home state of Illinois is the second-largest producer of ethanol, and he also was rewarded by Iowa on his presidential run. He wouldn't dare to the right thing by ending this travesty, as he would pay for it in four years.
Business as usual in Washington.
Labels:
Corn Based Ethanol,
Ethanol Disaster,
Ethanol Failure,
Ethanol Hoax,
Ethanol News,
Ethanol Problems,
Ethanol Production,
Ethanol Scam,
Obama Energy Policy,
Obama Ethanol
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