At least 43 percent of ADM's annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM's corn sweetener operation costs consumers $10, and every $1 of profits earned by its ethanol operation costs taxpayers $30.
Archer Daniels Midland
A Case Study In Corporate Welfare http://www.cato.org/pubs/pas/pa-241.html
Who is 'starving the poor?'
DUMPING US CORN EXPORTS TO MEXICO CAUSING POVERTY http://gristmill.grist.org/images/user/2988/oxfam_report_corn.pdf
"Who is 'starving the poor?'"
Obviously, someone has not been shopping at Walmart lately. Our "poor" have to ride around in the motorized carts because they are too fat to walk.
The general health of the US population would be vastly improved if everyone had to grow their own food. Maybe we could reintroduce the concept of the Victory garden.
This whole ethanol scam is based on a massive govt subsidy to encourage the growth of corn. That has many effects including market distortions which are reflected in the increasing price of other foodstuffs including feed corn for food animals and price increases in corn used in the production of food. You won't feel those price increases nearly as much as those who don't earn as much.
Any conservative who says he supports the ethanol boondoggle either hasn't done his research or simply doesn't believe in the Capitalist market's ability to resolve these issues in the most efficient manner. If you believe the govt can more efficiently manage our energy market than the market place then you will also believe Hillary's assertion that we need govt health care.