Thursday, April 29, 2010

Rent-Seeking Corn-A-Holers, Part Two

The Corn-A-Holers like it when you pay for it twice. And they cry "Jobs!! Jobs!!" when you might not. Classic rent-seeking.

Morby and WBIA President Bob Sather are meeting with Wisconsin’s congressional delegation this week to support Senate and House resolutions introduced by U.S. Reps. Earl Pomeroy, D-N.D., John Shimkus, R-Ill., and U.S. Sens. Chuck Grassley, R-Iowa and Kent Conrad, D-N.D., to make those credits viable through 2015.

The credits are needed, Morby said, to help keep ethanol financially competitive with oil. If the credits disappear, he said, it becomes more expensive to blend ethanol and could drive up the price of ethanol-blended gasoline by 10 cents a gallon. The credit expires in December.

The tax-credits include 45 cents/gallon for 'blenders'.

In other words, Corn-A-Holers can't make it unless you are forced to contribute to their scheme. Not only are you forced to buy the crap, but you're forced to subsidize them while they shove their crap into your car.

They also want to mandate even MORE of that stuff, increasing the mix from 10% to 15%.

Losers.

1 comment:

steveegg said...

That 15% requirement, BTW, will require the replacement of nearly every implement with a gasoline engine. Except for "flex-fuel" vehicles (produced in the greatest quantity by, you guessed it, Government Motors), no current gasoline engine can handle 15% corn-a-hole.