Hellbender
(member)
10/11/07 01:45 AM
Re: Ethanol, again.

And then there's this, enough to warm the heart of any liberal, and make Hillary wet herself.

"Although powering our cars with corn is vastly more expensive than other alternatives, this choice seems to be tremendously popular with most Americans. If an economist were asked to justify this attitude, the argument would have to be that the market cost of imported oil vastly understates its true cost to us in terms of geopolitical implications of U.S. dependence on foreign oil. But if that is the underlying rationale, the preferred economic solution would not be a subsidy to corn producers, but rather a tax on oil imports. "



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