John Stossel takes on ethanol
Surely, ethanol must be good for something. And here we finally have a fact. It is good for something -- or at least someone: corn farmers and processors of ethanol, such as Archer Daniels Midland, the big food processor known for its savvy at getting subsidies out of the taxpayers.And it's good for vote-hungry presidential hopefuls. Iowa is a key state in the presidential-nomination sweepstakes, and we all know what they grow in Iowa. Sen. Clinton voted against ethanol 17 times until she started running for president. Coincidence?
"It's no mystery that people who want to be president support the corn ethanol program," Taylor says. "If you're not willing to sacrifice children to the corn god, you will not get out of the Iowa primary with more than one percent of the vote, Right now the closest thing we have to a state religion in the United States isn't Christianity. It's corn."
It's a choice between cheap meat and cheap fuel...or more likely given government involvement, both being expensive.
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