Skip to comments.Examiner Editorial: To protect ethanol, Obama seeks to inflate meat prices
Posted on 08/15/2012 9:38:49 AM PDT by Hojczyk
Thanks to the ethanol mandate, more than 40 percent of the nation's corn crop now goes into the production of a useless fuel that hardly anyone would buy if the government didn't require it. That's up from just 17 percent in 2005, before the mandate went into effect. Only 36 percent of the corn crop now goes for feed, and 24 percent goes for food.
Obama could solve this problem instantly by suspending the federal ethanol mandate -- something his EPA actually can do unilaterally and legally. Instead, Obama will buy up meat -- a move that meat producers say won't help them much anyway. "It doesn't solve the problem of having enough affordable corn next summer," industry analyst Steve Meyer told Reuters. "Without changing the ethanol program, nothing can be done," he said.
The higher corn prices caused by the mandate and the drought have also driven up the price of ethanol by 33 percent since May, which means -- again, thanks to the mandate -- higher gas prices at the pump. Nationally, the average price of a gallon of gas rose 16 cents in July, an all-time record hike for that month. Prices rose an additional eight cents just last week. Gas is already more than four dollars a gallon in California and is expected to go higher.
To recap, government is driving up the cost of food, animal feed and gasoline, and Obama's solution is to drive up meat prices as well. Obama could eliminate the entire problem overnight and reduce carbon emissions were he to waive the ethanol mandate in a time of drought. Instead, he is creating a new spending program to mollify livestock producers, who, were it not for the ethanol mandate, would be able to make an honest living without his help.
(Excerpt) Read more at washingtonexaminer.com ...
Stocking up on food for his private, civilian army? Along with 100’s of thousands of ammo?
Hey, it’s just change you can believe in.
Meat is evil, like SUV’s, cheap gasoline, carbon dioxide, private health care, and air conditioning
Moochelle and Barry want you to live more like the 3rd world and share the wealth- hand it over and they’ll see it gets to the underserved
And Obastard is SOOOO concerned about the middle class.
How many more jobs will be lost for the ethanol special interest, votes and money for Obama? This anti-capitalist community organizer is trashing another industry for his cronies.
Mandating the putting of our food into our gas tanks to placate special interest groups to ensure political campaign funds was such a brilliant idea.
At the very least it would saddle Romney with raging food inflation for the first 12-18 months of his Presidency.
Not 100's of thousands.
100's of millions.
“Eating the seed corn”
“Stocking up on food for his private, civilian army?”
Yes, it’s called “continuity of government”. Obumbles says he is going to buy up the meat, freeze it and distribute it to food pantries. The two food distribution centers I personally know about do not have freezers. They deliver dried goods, canned goods, some fresh produce and vouchers for milk or powdered milk.
This food is for the chosen few and if you are wondering why your GOP rep or senator isn’t yelling about it its because they plan to be in the bunker also when the SHTF.
If this happens, we will surely have a revolution on our hands.
“Meat is murder”-just ask PETA.
There is not one thing you can name that big gov does not control. The air you breathe, the water, the ground you walk on. Nothing. Obama merely wants to sink the big gov tenacles in even deeper.
No surprise here.
Translation - Obama: “Starve Slaves!”