Monday, June 16, 2008

Brightside of Ethanol

The good news in this entire ethanol disaster is the fact that once again the sheer incompetence and utter stupidity of our politicians has been proven in spades. Maybe, just maybe, we the little people will wake up for once and get this crop of dimwits out of office.

Midwest Floods Push Grain Prices Higher, Weigh on Ethanol

As predicted a year ago, the fickleness and instability of corn crops is having a serious impact on food prices and gas prices. This was an entirely predictable scenario, but all of the back scratching and ass-kissing that went into the ethanol boondoggle blinded any slim chance that a sane politician would recognize the consequences. The fallout from this spectacularly failing policy is going to continue to wreak havoc in the food and energy market for months and possibly years to come. How so many minds can make so few smart decisions is just beyond comprehension.

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