McCain Supports End to Ethanol Corn Subsidies

I am glad to hear this in Fox News:

The United States has “committed a series of errors in not adopting a sustainable energy policy,” McCain was quoted as saying. “One of those is the subsidies for ethanol from corn.”
McCain blamed the price supports for “destroying the market” and “causing a serious problem with inflation.”
The Republican also blasted U.S. tariffs on Brazilian ethanol imports, saying that the Brazilian product made from sugarcane “is much more efficient than ethanol from corn.”
Critics of the U.S. subsidies say spurring the planting of corn for use in ethanol has added to a sharp spike in global food prices. . . . .

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Blogger Dad29 said...

I think your headline is inaccurate on this post.

Here's the lede from the story:

U.S. presidential hopeful Sen. John McCain supports ending subsidies for U.S. ethanol production

So McCain SUPPORTS End to Ethanol Corn Subsidies might be a better headline.

6/16/2008 8:05 AM  
Anonymous Anonymous said...

Errr...shouldn't the title of this post be "McCain Supports Ending Ethanol Corn Subsidies" or "McCain Opposes Ethanol Corn Subsidies" ?

6/16/2008 9:54 AM  
Blogger John Lott said...

Sorry, I got it backwards. It is corrected now.

6/16/2008 12:06 PM  

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