The case for Perrys venture capitalism
Theres a big difference between the Texas and statist approaches - There has been a lot of debate about Gov. Rick Perrys economic development funds. The criticism centers on the idea that the Texans funds create a Solyndra problem for him, that by investing in businesses that bring jobs to the state, Mr. Perry has the same job-creation approach President Obama displayed in backing federal loans to a solar-energy firm.
Equating the two men in this way provides a convenient symmetry, but its also a false comparison that misses why many free marketers are comfortable with Gov. Perry even while critical of Solyndra.
Oh, by the way, ethanol subsidies are dead.
Details here and here: the short version is that the Senate back in June kicked off opposition to continued ethanol subsidies via a bipartisan amendment: it didnt pass, but Congress has just let both the ethanol subsidy and a restrictive foreign tariff (on Brazilian sugar-cane ethanol) lapse. Given that the Iowa caucuses will be finished by the time Congress reconvenes and given that the House of Representatives is currently chock-heavy with people who spit at the very phrase ethanol subsidy getting back either is going to be a problem for the domestic ethanol industry."....
Iowa Farmer Today Decision time draws near - December 29, 2011:
The Iowa Corn Growers Association sent questionnaires to the Republicans involved in this years caucuses, then issued grades on how it judged those candidates as part of its Iowa Corn Caucus.
......The report cards issued by the corn growers spotlighted the differences between some of the candidates.
For example, U.S. Rep. Ron Paul, R-Texas, earned a D from the group, and U.S. Rep. Michelle Bachmann, R-Minn., earned a D+ while Gingrich earned an A and Rick Santorum earned an A-.
President Barack Obama earned a B as did former Massachusetts Gov. Mitt Romney. Perry earned a C-. Herman Cain, who has since dropped out of the race, earned a D.....
GUESS WHO TOLD THEM THE TRUTH?
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