Wednesday, June 25, 2008

On This Point I Agree With McCain, Not Obama

The New York Times reports Obama Camp Closely Linked With Ethanol.

"Mr. McCain advocates eliminating the multibillion-dollar annual government subsidies that domestic ethanol has long enjoyed. As a free trade advocate, he also opposes the 54-cent-a-gallon tariff that the United States slaps on imports of ethanol made from sugar cane, which packs more of an energy punch than corn-based ethanol and is cheaper to produce."

"Mr. Obama, in contrast, favors the subsidies, some of which end up in the hands of the same oil companies he says should be subjected to a windfall profits tax. In the name of helping the United States build ‘energy independence,’ he also supports the tariff, which some economists say may well be illegal under the World Trade Organization’s rules but which his advisers say is not."

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