Reuters Rolling average: 12/29/2015
Partial transcript of Republican presidential candidate Donald Trump's speech in Des Moines, Iowa on Dec. 11, 2015:
Question on renewable fuel:
Donald Trump:
...Well, look he's [referring to Cruz] from Texas. To the best of my knowledge, there's a lot of oil in Texas. Right? So you know, he gets a lot of money from the oil companies and he's totally against ethanol and everything else you're talking about.And I'm not. I'm totally in favor.
And you know, it's a big industry here. It's a big industry.
You know, if that industry is upset, Iowa's got problems.
I was amazed. I was here three weeks ago with the group...They were such amazing people...And I learned so much about it. I was in favor of it even before...
...Beyond even the fuel capacities, which we want to create as much as we can, tremendous numbers of jobs in Iowa. And I said to myself, if Ted Cruz is against ethanol, how does he win in Iowa? Because that's very anti-Iowa. I don't know how he wins in Iowa. I don't know.
No, but I'm totally for it. Okay? Thank you.
He said all that to say: Trump is for ethanol subsidies and Cruz is not. But you can't fit the above attack onto a postcard or even quote it anywhere without it sounding like nonsense.
I don’t call it an attack. i call it an explanation of his reasoning and possible explanation of Cruz’s position on the question of ethanol. His reasoning is quite valid on an economic basis.
Reuters Rolling average: 12/29/2015