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It's Getting Harder to Bring Home the Bacon (it's Bush's fault!) (Big Government® at work)
The Wall Street Journal ^ | 2011-04-29 | Mary Kissel

Posted on 04/29/2011 5:43:32 PM PDT by rabscuttle385

(snip)

What triggered the upswing? In part: ethanol. President George W. Bush "came forward with—what do you call?—the edict that we were going to mandate 36 billion gallons of alternative fuels" by 2022, of which corn-based ethanol is "a substantial part." Companies that blend ethanol into fuel get a $5 billion annual tax credit, and there's a tariff to keep foreign producers out of the U.S. market. Now 40% of the corn crop is "directed to ethanol, which equals the amount that's going into livestock food," Mr. Pope calculates.

(snip)

Food price inflation isn't a problem confined to America's shores. "This ethanol policy has impacted the world price of corn," Mr. Pope says. The Mexican, Canadian and European industries have "shrunk dramatically. . . . We have an unsustainable meat protein production industry," he says. "We're built on a platform of costs, on a policy that doesn't make any sense!"

Nor does the science. The ethanol industry would supply only 4% of the nation's annual energy needs even if it used 100% of the corn crop. The Environmental Protection Agency has found ethanol production has a neutral to negative impact on the environment.

(snip)

So what's the solution? First, Mr. Pope says, get rid of the ethanol subsidies and the tariff. "I am in competition with the government and the oil industry," he says. "It's not fair." Smithfield's economists estimate corn prices would fall by a dollar a bushel if ethanol blending wasn't subsidized. "Even the announcement that it is going away would see the price of corn go down, which would translate very quickly into reduced meat prices in the meat case," he says. Imagine what would happen if the mandate and tariff were eliminated, too.

(snip)

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: agw; bho44; biggovernment; burningfood; bush; bushlegacy; corn; energy; energypolicy; environment; ethanol; foodsupply; gwb43; inflation; obama
President George W. Bush "came forward with—what do you call?—the edict that we were going to mandate 36 billion gallons of alternative fuels" by 2022, of which corn-based ethanol is "a substantial part."

Thanks for nothing, you worthless RINO.

1 posted on 04/29/2011 5:43:33 PM PDT by rabscuttle385
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To: steelyourfaith; Tolerance Sucks Rocks

fyi


2 posted on 04/29/2011 5:44:41 PM PDT by rabscuttle385 (Live Free or Die)
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To: rabscuttle385; Bockscar; Thunder90; Dr. Bogus Pachysandra; Normandy; FreedomPoster; Para-Ord.45; ...
Thanx for the ping rabscuttle385 !

 


Beam me to Planet Gore !

3 posted on 04/29/2011 5:48:28 PM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: rabscuttle385
It's Getting Harder to Bring Home the Bacon

Marxist plans on track.

4 posted on 04/29/2011 5:51:24 PM PDT by Jim 0216
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To: rabscuttle385

The Bushes never did have any political principles.


5 posted on 04/29/2011 5:53:02 PM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: rabscuttle385

Economic growth slows, inflation surges

http://news.yahoo.com/s/nm/20110428/ts_nm/us_usa_economy


6 posted on 04/29/2011 5:54:55 PM PDT by scorchedearther
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To: rabscuttle385
It's Getting Harder to Bring Home the Bacon

No kidding? Throw in corrupt free trade laws and off shoring tens of thousands of companies and businesses to Communist countries

Throw in the endless conga-line of tens of millions of illegals collecting welfare and choking off our health-care and our entire system

Throw in government working in concert with Wall Street and the banksters, as they demanded we bail them out for multiple trillions!

The dollar was made worthless due to 20 years of destructive, corrupt government policies!

7 posted on 04/29/2011 5:58:04 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: rabscuttle385

The percentage of each past president’s cabinet who had worked in the private business sector prior to their appointment to the cabinet. You know what the private business sector is…a real-life business, not a government job. Here are the percentages.

T. Roosevelt..........38%
Taft......................40%
Wilson .................52%
Harding.................49%
Coolidge.............. 48%
Hoover .................42%
F. Roosevelt.........50%
Truman.................50%
Eisenhower...........57%
Kennedy...............30%
Johnson................47%
Nixon....................53%
Ford......................42%
Carter....................32%
Reagan..................56%
GH Bush............... 51%
Clinton .................39%
GW Bush................55%

And the winner is:

Obama............... 8%

This helps to explain the incompetence of this administration: only 8% of them have ever worked in private business!

That’s right! Only eight percent-—the least, by far, of the last 19 presidents! And these people are trying to tell our big corporations how to run their business? They know what’s best for GM, Chrysler, Wall Street, and you and me?

How can the president of a major nation and society, the one with the most successful economic system in world history, stand and talk about business when he’s never worked for one? Or about jobs when he has never really had one? And when it’s the same for 92% of his senior staff and closest advisers? They’ve spent most of their time in academia, government and/or non-profit jobs or as “community organizers.” They should have been in an employment line.

Pass this on we’ll NEVER see these facts in the main stream media.


8 posted on 04/29/2011 5:59:49 PM PDT by scorchedearther
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To: rabscuttle385
of which corn-based ethanol is "a substantial part."

Of course this quote is attributed to no one.

Ethanol's been pushed since the 1970s. First ethanol laws passed in 1978. I'm sure many of the ethanol whiners here today were rah-rah'ing it years ago in their personal quest to "stick it to the Arabs". Bush continued what Ford, Carter, Reagan and Clinton did before him. To blame him alone is pretty freaking stupid.

It's only become chic to hop off the ethanol bandwagon these past few years. Let's see what happens going forward.

9 posted on 04/29/2011 6:01:12 PM PDT by VeniVidiVici (The last Democrat worth a damn was Stalin. He purged his whole Party.)
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To: rabscuttle385

Bush’s fault, huh?

So, I expect we’ll see Obama reverse that order when he gets elected in ‘08. No? Gee, I wonder why?

Well... no... actually I don’t.


10 posted on 04/29/2011 6:05:56 PM PDT by ArmstedFragg (hoaxy dopey changey)
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To: Jim 0216

Jim 0216: “Marxist plans on track.”

Meat is bad for you, ergo the government is only trying to help you by raising meat prices. It’s for your own good...


11 posted on 04/29/2011 6:06:18 PM PDT by CitizenUSA (Coming soon...DADT for Christians!)
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To: CitizenUSA

Up is Down. Black is white. Evil is good. Good is evil. Regressives are Progressives. The Irrational Low Lifes are the Intellectual Elite.


12 posted on 04/29/2011 6:12:22 PM PDT by Jim 0216
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To: rabscuttle385

The wife just came home from Costco and reported that the 3 lb bag of coffee that we usually get just went from $13.99 to $18.99.


13 posted on 04/29/2011 6:13:37 PM PDT by Disambiguator
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To: rabscuttle385

“Companies that blend ethanol into fuel get a $5 billion annual tax credit”

Wait a second. Isn’t that about the same that Big Oil gets to explore and drill. So if we’re going to kill-off Big Oil’s bucks, why shouldn’t we kill off Big-Ethanol’s bucks?

Answer...Boener.


14 posted on 04/29/2011 6:15:22 PM PDT by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts))
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To: VeniVidiVici

VeniVidiVici: “Ethanol’s been pushed since the 1970s.”

Exactly. I’ve been avoiding the stuff since they first started pushing it. This crap doesn’t have the energy content of real gasoline and it’s corrosive. Why would I want to run something like that through my car’s engine when I can still buy the real stuff? I like my car to perform well, to include getting better gas mileage with real gas.

However, your point about Bush not being the only one to blame is a good one.


15 posted on 04/29/2011 6:15:53 PM PDT by CitizenUSA (Coming soon...DADT for Christians!)
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To: Disambiguator

Disambiguator: “...coffee that we usually get just went from $13.99 to $18.99.”

Coffee is bad for you. It has caffeine, ergo the government is helping you help yourself by cutting back on your coffee consumption.

C’mon people. The green Marxists are doing us all a favor. Can’t afford to drive? Ride a bike. It’s much more healthy. Can’t afford red meat. Excellent! You shouldn’t be eating that stuff anyway.


16 posted on 04/29/2011 6:20:02 PM PDT by CitizenUSA (Coming soon...DADT for Christians!)
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To: rabscuttle385
Quit burning
my food!


17 posted on 04/29/2011 6:36:16 PM PDT by upchuck (Think you know hardship? Wait till the dollar is no longer the world's reserve currency.)
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To: rabscuttle385

w was the “Little Disaster”...Obama is the “Great Disaster”.


18 posted on 04/29/2011 7:16:05 PM PDT by screaminsunshine (Shut up and eat your Beans!)
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To: Disambiguator

Stop buy that cheet or drink a hell of a lot less. They’ll keep jacking up the prices as long as people keep buying it. They’ll just keep tightening the noose around the necks of the American people.


19 posted on 04/29/2011 7:19:28 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Disambiguator

We’re switching from coffee to tea. Much cheaper.


20 posted on 04/29/2011 7:21:04 PM PDT by Palladin (Sarah Palin in 2012!)
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To: Palladin
We’re switching from coffee to tea. Much cheaper.

I would switch to beer, but drinking it in the morning before I go to work might present some problems.

21 posted on 04/29/2011 8:23:15 PM PDT by Disambiguator
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To: CitizenUSA

How does one avoid it? I thought it was mandatory.


22 posted on 04/29/2011 8:23:32 PM PDT by Excellence (Buy Progresso, take off the label, write "not halal," mail to Campbell's soup company.)
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To: CitizenUSA
Exactly. I’ve been avoiding the stuff since they first started pushing it. This crap doesn’t have the energy content of real gasoline and it’s corrosive

I hate the stuff too. Diesel, baby. :-)

23 posted on 04/29/2011 11:35:38 PM PDT by VeniVidiVici (The last Democrat worth a damn was Stalin. He purged his whole Party.)
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To: rabscuttle385
Actually, when it comes to corn and all products derived from it, including real sugar substitutes, IMO it's worth it to quit eating the stuff, not just decry the ethanol lobby. The problem comes in that corn is also in animal feed, so that drives up costs even further.

It's all one gigantic cluster.

24 posted on 04/30/2011 11:35:16 AM PDT by Desdemona
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Hydrogen Advocacy Group Anti-Ethanol Agitprop One-half gallon of oil in the form of pesticides per bushel of corn would cost $2 to $3 per bushel. If this were true -- and it clearly isn't -- it should be enough to illustrate to literally anyone that the price of petroleum is quite literally the ONLY thing driving corn prices. And this idiotic piece of agitprop -- from a hydrogen "energy" advocacy site -- also shows the guy in the encounter suit spraying chemical fertilizer, a sight that I've never been privileged to see, what with me *growing up on a farm*.

25 posted on 06/04/2011 4:55:21 PM PDT by SunkenCiv (Thanks Cincinna for this link -- http://www.friendsofitamar.org)
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