The production of ethanol is a wasteful endeavor. It creates more carbon than it saves. In the wake of the fracking revolution we don’t even need ethanol for “energy independence.” It is a fuel which survives only because Iowan (and other Midwest) politicians have gotten the American people to subsidize the stuff.
If ethanol works in the marketplace, great. Have at it. But if we have to subsidize it so that ADM can have a nice guaranteed stream of income, even though it creates more carbon emissions than it saves (Which was one of the original reasons for pursuing ethanol. At least this is what Americans were sold.) then forget it. It’s a waste. A boondoggle. Crony corny capitalism.
But corn growers vote in caucuses and this is not lost on Donald Trump who has gone all in on ethanol. Drawing a stark contrast with himself and Ted Cruz.
(From The National Journal)
“We are with you folks and we have been with you from Day One,” Trump said, noting that he had recently toured so many ethanol plants he told the industry officials who organized the tour, “Enough already. It is incredible what you do.”
“Get out there and make plenty of fuel. We are going to need it,” he added…
…After his speech, Iowa Republican Gov. Terry Branstad told reporters he believes Cruz should be defeated for his anti-ethanol views, and Donald Trump spoke to make sure that Iowa farmers know his strong commitment to ethanol.
Asked by a TV reporter if he thinks Cruz should be defeated in the February caucuses, Branstad said “yes.”
“I think it would be very damaging to our state” for Cruz to win, Branstad said. “I believe it would be a big mistake for Iowa to support him.”
ACC is a completely non-partisan organization. We do not support/endorse or oppose any candidate for office. We believe that both major parties are heavily influenced by special interests and will report on crony capitalism wherever and whenever we see it.