Barack Obama is as gullible an environmentalist as they come. He'll believe any save-the-earth fantasy, no matter how discredited it is.
His latest green kick is ethanol. The White House announced yesterday that they want the government to invest heavily in ethanol production over the next decade. Under something called the Biomass Crop Assistance Program (B-CrAP), the feds will budget in billions of dollars in loans and grants for ethanol conversion. It's all part of Obama's dream that we'll one day be driving cars that run on corn niblets. Or something.
It's all an absurd fantasy. Ethanol is one of the most spectacular failures of the environmental movement. The government already threw subsidies away on ethanol production during the Bush administration and remember what happened? Corn prices doubled between 2006 and 2008 alone. The world plunged into a massive food shortage that starved African nations like Malawi because our environmentalist head cases liked the idea of cleaner cars. Meanwhile, a study by Duke University found that so much carbon dioxide was emitted in the corn-ethanol conversion process that there was almost no environmental benefit.
Maybe that's why Obama announced this on a Friday right before a massive snowstorm in Washington. Or why the administration won't even use the words "corn" or "ethanol". Read slowly this quote from Tom Vilsack of the Ministry of Tru -- excuse me, the Department of Agriculture: "Advancing biomass and biofuel production holds the potential to create green jobs, which is one of the many ways the Obama Administration is working to rebuild and revitalize rural America."
Biomass??
In addition to food shortages, Obama's ethanol obsession will mean poor people can't drive their cars anymore. His proposed ethanol mix won't work in cars manufactured before 2000.
Is it any wonder Obama's budget exceeds $3 trillion this year? He'll throw away money to any worthless cause the left asks for.
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