Monday, May 25, 2009

If ethanol gasoline is such a great idea...

...why do we have to spend $5 billion in subsidies every year to keep it afloat?*

"Sadly, when a truly bad idea is exposed today, Washington's answer is to double-down on the bet, mandate more of the same, and make the problem worse." -BusinessWeek article

Yup. That explains ethanol, and so much more. It's a pretty versatile quote.

*This doesn't figure in the higher cost of foods which contain corn, and/or which used to contain sugar. HFCS is a very similar scam.

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