America’s Corn Holed Confession

I’ve never thought much of the ethanol scheme, expressing my thoughts on this fleecing of Americans in posts such as Corn Holed and Artificially Mandated Demand Consequences - Redux.

Today I read the following confession, of sorts, from Al Gore, wherein Al Gore has this to say about corn holing Americans in the name of ethanol.

Former U.S. vice-president Al Gore said support for corn-based ethanol in the United States was “not a good policy”, weeks before tax credits are up for renewal…

“It is not a good policy to have these massive subsidies for (U.S.) first generation ethanol,” said Gore, speaking at a green energy business conference in Athens sponsored by Marfin Popular Bank.

“First generation ethanol I think was a mistake. The energy conversion ratios are at best very small.

“It’s hard once such a programme is put in place to deal with the lobbies that keep it going.”
He explained his own support for the original programme on his presidential ambitions.

“One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president.”

Nice confession, Al Gore.  Thanks for screwing all America in an attempt to buy votes, by stealing from Americans’ paychecks, to fund an enterprise doomed to failure from the start, due to no consumer demand.  And thank you, too, ethanol, snake oil, “Lobbyists.”

The Testicle Squeezing Authority may be gripping Americans’ attention, which is good, but America is getting screwed by more than just the TSA.

Quote from a Reuters Africa article titled U.S. corn ethanol “was not a good policy”-Gore

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