Monday, December 31, 2007

Iowa cornfields fuel folly of presidential hurdles

By Dennis Byrne
Chicago Tribune

'I've long said that the Iowa caucuses are the gift to Midwestern agriculture.'

-- John Doggett, vice president of public policy for the National Corn Growers Association, as reported by the Associated Press

Gift, you say? Yeah, I suppose you could call a multibillion dollar government handout to special interests a gift. But the word gift just doesn't seem accurate or vast enough to describe the massive plundering that's in store for taxpayers and consumers at the hands of ethanol addicts.

That's thanks to the unrealistically important role that Iowa plays as the first state up in the presidential sweepstakes. Iowa is the nation's biggest corn-producing state (Illinois comes in second), and ethanol's biggest feedstock is corn. So, a veritable parade of presidential candidates from both parties must prostrate themselves in Temple Ethanol.

Take Democratic Sen. Hillary Rodham Clinton of New York who opposed a hike in ethanol subsidies a couple of years ago, but now that she's stumping Iowa fairgrounds and parlors, she's for them. "Iowa is way ahead of the rest of the country," she said. "What you've done with ethanol ... you're setting the pace."

Yes, Iowa could give lessons to the Texas oil industry when it comes to "setting the pace" in the subsidy Preakness. The Iowa Corn Growers Association keeps close track: Six of the top eight Democratic candidates support or lean toward supporting a 51-cent "blenders credit" for every gallon of pure ethanol mixed into gasoline to help keep the price lower than gasoline.

(Wait a minute, you say. If we have to subsidize ethanol to compete or beat the price of gasoline to the tune of 51 cents a gallon, why don't we just use gasoline? Good question.)

Our beloved Sen. Barack Obama goes further; he would give motorists a 35-cent-per-gallon tax credit for using E85 -- a fuel blend that uses only 15 percent gasoline. Only Sen. Joe Biden of Delaware outright opposes the subsidy. The group apparently couldn't fathom where Rep. Dennis Kucinich of Ohio and Sen. Chris Dodd of Connecticut stand on the 51-cent subsidy, but Dodd is for a big hike in the federally mandated use of ethanol (another form of subsidy).

Republicans are little better. Of the leading GOP candidates, only Sen. John McCain of Arizona and Rep. Ron Paul of Texas outright oppose the 51-cent subsidy. Then again, Paul opposes everything, except, I guess, freedom. McCain also "leans towards" opposing a 54-cent per gallon tariff on imported ethanol, made from sugar cane much more efficiently than from corn. No other candidate (except, of course, Paul) in either party appears to oppose the tariff.

I can think of no other major issue garnering such bipartisan agreement and, in this, bipartisanship is not a virtue but a sell-out.

Despite its canonization by "greens," researchers on the grant dole, processors like Decatur-based ADM, ethanol is more promise than reality and possibly a swindle of national proportion.

It may cost more energy to make ethanol than it saves. Its demand for corn puts upward pressure on food prices. It's more costly and difficult than oil and gasoline to transport. The industry's protectionist trade policies anger allies and make a mockery of our argument for free or fair trade.

Gallon for gallon, ethanol provides less energy than gasoline. Even its environmental value is questioned.

The ethanol industry disputes this, but what is not in dispute is that ethanol has made farmers, investors and others in agribusiness rich. As if they were not made rich enough by a lavish aid bill enacted two years ago, President Bush has signed an energy bill that vouchsafes significantly greater cash and benefits to the industry.

Everyone understands the need for stability in the nation's agriculture sector, but the anti-technology, unscientific and ideologically inspired promises being seeded all through Iowa by the candidates go beyond reasonable.

And it will continue for as long as some unwritten rule requires that Iowa kick off the presidential campaign, giving its winners a head start to be president. Maybe it's time for a constitutional amendment that would make the contest for the presidency a truly national election, instead of this silliness now thrust upon us by the farmers of Iowa.

DeSantis replies to Trump

 "Check the scoreboard." Follow this link:  https://fb.watch/gPF0Y6cq5P/