Posted on 02/29/2008 11:19:26 AM PST by rightinthemiddle
Finally, the media are connecting the dots and realizing the push for alternative energy is taking a toll on the American economy.
The Labor Department reported on February 20 that the Consumer Price Index (CPI), a key inflation reading, rose 0.4 percent in January, matching December’s rise. One of the culprits behind the spike – increased food costs because corn is being used for ethanol.
“Farmers are replacing wheat fields with corn to meet the demand for alternative fuel, but that means higher flour prices – and in one Pennsylvania pizza shop, more expensive pies,” NBC News correspondent Chris Jansing said on the February 27 “NBC Nightly News.”
Perhaps no one drew a stronger correlation between the politics of alternative energy and the rise in inflation than Jim Cramer in a February 27 interview with Democratic presidential hopeful Sen. Hillary Clinton:
(snip)
“Senator, you mentioned inflation. Half of inflation is coming from oil. The other half is coming from food. Do you believe that we should continue to burn food in this country? Poor people cannot afford what we’re doing with our ethanol strategy. We’re raising the price of the staples that they eat. If we scrapped ethanol, half of our inflation would go away. Why are we allowing the ethanol lobby to destroy the affordability of people who want to eat chicken and beef?”
Clinton, a self-proclaimed opponent of Washington special interests, provided more of a dodge than an explanation.
“Well, I think it’s a little more complicated, Jim, because I think the increases in the energy prices generally have contributed to food inflation,” Clinton said. “Although, you’re absolutely right – that the rising cost of corn and soybeans, which are ubiquitous in our food supply, have certainly contributed significantly, but we’re in a transition period.”
(Excerpt) Read more at businessandmedia.org ...
Liberal Policies are hurting people.
Climate change policies are hurting the country ping
ping
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Solyent Green is People!
Ethanol Madness is starting to be “discovered”...........
Corn AND anything associated with corn, ie, milk,butter,cheese,eggs,beef,chicken,pork,cooking oils, the list just keeps getting bigger and more expensive................
Alternative energy is the name of the game, even if it takes us back to the Dark Ages.
At least this isn’t something that’s impossible to reverse.
Next growing season, back to the old way.
How ‘bout NUCLEAR and ANWAR as “alternatives”????
I nearly fell out of my chair.
Of course, it wasn't dwelt on very much....but I was surprised it was at least in the report.
I think some reporter named Greg Hunter did it.
Yup...and it takes fertilizer to grow corn. Which includes petro products.
Thanks for the PING
NUCLEAR POWER NOW!
DRILLING OFF OF OUR COASTS NOW!
DRILLING IN ANWR NOW!
Were any farmers paid not to grow this year?
We must also use clean-burning coal and build more nuke plants.
If Democrats had been hammered on this years ago, we might be reaping the benefits by this time.
Liberal Policies are hurting people.
WTF, show me any politician, of leadership, from either party that doesn't support the ethanol boondoggle.
“Were any farmers paid not to grow this year?”
That is an AWESOME question.
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