Unfortunately Bush has fallen for the Ethanol scam. While you have to give credit to those who lobby for corporate welfare, those of us who lobby for liberty are at a severe disadvantage. It’s a fact of life that costs among the citizen-taxpayers are widely dispersed. So even though the the costs greatly exceed the benefits for the corporate welfare lobbyists, the lobbyists win because of the well-defined, concentrated benefits they receive. Thanks to Knowledge Problem for the link to Hassett commentary.
Coming soon: another (and potentially much more costly) scam:
Senators Domenici (R-NM) and Bingaman (D-NM) plan on legislation to mandate restrictions on CO2 emissions … – as a way to impose Kyoto on the US.
http://energy.senate.gov/public/index.cfm?
I can only hope that more of you will soon be standing with me for liberty, opportunity, prosperity.
