Friday, December 30, 2011

Progress in the battle against corporate welfare

One of the dumbest, wasteful, wrongheaded, destructive, and ludicrous policies in a long line of similar policies is set to end.  I'm speaking, of course, about the $6 billion per year in subsidies to produce corn ethanol, which are set to expire at the end of the year.  That's the good news.  The bad news is that the equally foul mandate to mix ethanol with our gasoline, remains, and the dumbest, most wasteful, most wrongheaded, most destructive, and most ludicrous policy of them all remains in place.