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McCain Favors End To Ethanol Subsidy As Food Costs Soar
Investors Business Daily ^ | Monday, April 28 2008 | Jed Graham

Posted on 04/26/2008 3:23:50 PM PDT by Jacquerie

Most politicians have been swept up by the notion the U.S. could supply a good portion of its energy needs from Midwest farms, instead of from unfriendly regimes in the Middle East and elsewhere. In December, Congress overwhelmingly passed, and President Bush signed, a new energy bill dramatically raising renewable fuel mandates.

But that consensus will be open to debate in the presidential election with John McCain as the GOP standard bearer. He’s one of the few politicians who oppose handouts to the ethanol industry.

(Excerpt) Read more at epaper.investors.com ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: bushbashersareduers; energy; ethanol; mccain; subsidy
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To: SERKIT

Those are all excellent ideas; let’s hope they come to fruition. The more conservative members of Congress, the more likely it will happen. What does your tag line mean???


41 posted on 04/26/2008 5:38:50 PM PDT by herecomesthesun ("...and that's what I'm going to try to do as President again...")
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To: cpdiii

Great post! I am so sick of hearing CO2 referred to as “pollution”. It does not cause cancer, asthma, emphysema, or any other ailment. It does not make the air dirty.
Global warming is a cult. It’s the new religion.

Conservatives need to stop letting liberals redefine words.


42 posted on 04/26/2008 5:43:19 PM PDT by herecomesthesun ("...and that's what I'm going to try to do as President again...")
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To: Dr. Sivana

Actually, he didn’t support ethanol before he supported it and now he doesn’t support it again. The flip before the flop, from CNN.com October 2006:

“In a flip-flop so absurd it’ll be a wonder if it doesn’t get lampooned by late-night comedians - not to mention opponents’ negative ads - McCain is now proclaiming himself a “strong” ethanol supporter.

‘I support ethanol and I think it is a vital, a vital alternative energy source not only because of our dependency on foreign oil but its greenhouse gas reduction effects,’ he said in an August speech in Grinnell, Iowa, as reported by the Associated Press.”


43 posted on 04/26/2008 5:50:12 PM PDT by LadyNavyVet (The NC GOP is McCain's maverick.)
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To: Jacquerie
Go get this weekends Investors Business Daily.
I did this to get daily information that is accurate and not under the influence of this liberal media, and to get unbiased news and commentary.
It is amazing how unbiased information will elevate and stimulate your thinking process.
Your world and country outlook will open and expand.
Go take their two week free delivery and see for yourself.
44 posted on 04/26/2008 5:53:35 PM PDT by hermgem (Will Olmr)
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To: Jacquerie

In the however many weeks have passed since McWhacked was nominated by the Leftist Media and crossover Demonkat voters, this is the very first time I have seen one reason to vote for the can’t-be-trusted-turd.

Sorry, but just not enough Johnnie boy. But I’m sure you’ll get enuf of those moderates & Independents to vote for your sorry arrogant arse to push you over the top. You don’t like or want conservatives anyway, so the bad blood is mutual.


45 posted on 04/26/2008 5:59:46 PM PDT by webschooner
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To: BfloGuy
I've got my problems with McCain--as do so many on this site--but he does have some positives. One of those is his chief economic advisor, Phil Gramm. The former Senator from Texas helped torpedo HillaryCare in '93-94, and has always been a strong economic conservative:
From Fortune (via CNNMoney.com link):

But economic conservatives should take heart. McCain's chief economic adviser - and perhaps his closest political friend - is the ultimate pure play in free market faith, former Texas Senator Phil Gramm. If McCain follows Gramm's counsel, and most of his current positions are vintage Gramm indeed, his policies as president would represent not just a sharp departure from the Bush years, but an assault on government growth that Republicans have boasted about, but failed to achieve, for decades.
Read more HERE for McCain/Gramm links.

I am fully aware of the many negatives that McCain carries with him, but he does have positives. He's a mixed bag when all is said and done. He'll be about as conservative as Bush. Not my preference, but the best option we've got at this time. I wish people would stop bitching like a bunch of girls about what's going on at the top. Do something to reconsititute conservatism at the local level. The presidential campaign is what it is, we lost. Get over it and do something positive.

46 posted on 04/26/2008 6:03:43 PM PDT by ishmac
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To: LadyNavyVet
Actually, he didn’t support ethanol before he supported it and now he doesn’t support it again. The flip before the flop, from CNN.com October 2006:

“In a flip-flop so absurd it’ll be a wonder if it doesn’t get lampooned by late-night comedians - not to mention opponents’ negative ads - McCain is now proclaiming himself a “strong” ethanol supporter.


Thank you for the cite. That is what I like about FR, a lot of intelligent people with good memories.
47 posted on 04/26/2008 6:11:27 PM PDT by Dr. Sivana (Not a newbie, I just wanted a new screen name.)
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To: ConservativeMind

I support the plan as well and I am one of the evil ethanol supporters on the board. The price of gasoline is high enough that ethanol should be cheaper. I believe the price the Chicago Board of Trade is quoting per gallon of Ethanol is around $2.37


48 posted on 04/26/2008 6:33:06 PM PDT by Swiss
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To: LadyNavyVet; Dr. Sivana
From IBD:

Attending a bioeconomy conference in Ames, Iowa, last November, he delivered some unwelcome words. “I oppose subsidies,” McCain said. “Not just ethanol subsidies. Subsidies. And not just in Iowa either. I oppose them in my own state of Arizona.

It would appear that either AP/CNN or IBD quoted him incorrectly.

49 posted on 04/27/2008 3:31:02 AM PDT by Jacquerie (There is no substitute for victory - Gen Douglas MacArthur)
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To: Balding_Eagle

Been on a cross country trip for about 10 days and fortunately have only seen one gas station marketing ethanol after I left my home state of SD. I was pleased to see so little use. That will help when the ethanol facilities cut back or go bust, but at 3.50 a gallon for fuel, maybe it is viable even without the subsidies. We shall see.


50 posted on 04/27/2008 4:05:10 AM PDT by wita (truthspeaks@freerepublic.com)
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To: wita

They may not be promoting it, but here in Rockford, IL nearly one-third the stations carry ethanol, and some carry biodiesel. Brands include Phillips 66, Shell, BP and Road Ranger (big local brand that used to carry Citgo).


51 posted on 04/27/2008 4:44:09 AM PDT by Dr. Sivana (Not a newbie, I just wanted a new screen name.)
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To: Dr. Sivana

Refueled at a station in Paducah, KY just short of southern IL, no ethanol. It was a BP. BP was a big ethanol seller in SD, but they left the state on 31 Mar 08 ostensibly because they were not making enough money.


52 posted on 04/27/2008 5:17:07 AM PDT by wita (truthspeaks@freerepublic.com)
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To: wita

There is an E85 station in Paducah, Ky. on Cairo road.I do agree that E85 is not ideal for those who are driving cross country and don’t want to wander far from the highway, you have to know where the staions are...kind of like where diesel was a few years ago.


53 posted on 04/27/2008 6:05:17 AM PDT by Dr. Sivana (Not a newbie, I just wanted a new screen name.)
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To: Jacquerie
McCain Favors End To Ethanol Subsidy As Food Costs Soar

Another reason not to vote for McCain.

54 posted on 04/27/2008 7:10:41 AM PDT by bmwcyle (I always rely on God and Guns in that order)
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To: SERKIT

Ethanol plants are refineries! I support ethanol 100% but I sometimes wish that it would go away so all of you naysayers could choke on the increased gasoline prices.


55 posted on 04/27/2008 7:30:23 AM PDT by clodkicker
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To: bmwcyle

Now that will surely resonate with millions of rural and farm people, LOL!

The man has NO brain!


56 posted on 04/27/2008 7:32:31 AM PDT by PSYCHO-FREEP (Juan McCain....The lesser of Three Liberals.")
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To: clodkicker
Ethanol plants are refineries! I support ethanol 100% but I sometimes wish that it would go away so all of you naysayers could choke on the increased gasoline prices.

Refineries should be defined as cracking crude oil (petroleum) into usable products. Mixing ethenol with petro-products is not part of the refinery process. It has led to ridiculous regional gas-blends which are phony and expensive. While you cheerleads are going nuts over ethanol, we are all in fact choking on the unintended consequence of increased food costs - and that has exponentially helped screw up the overall economy.

57 posted on 04/27/2008 7:42:28 AM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: PSYCHO-FREEP

Ethanol is only an example of how powerful a lobby can be in Washington.


58 posted on 04/27/2008 7:45:59 AM PDT by bmwcyle (I always rely on God and Guns in that order)
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To: Jacquerie

No the quote is correct and has been widely reported. McCain has flipflopped on the issue. He was against subsidies before 2006, then was for them for awhile in 2006, then against them last year and this.

BTW, McCain is also on record opposing the public funding of campaigns. Not that that’s stopping him from taking public money to run for President. He, like most politicians, speaks out of both side of his mouth.


59 posted on 04/27/2008 8:09:01 AM PDT by LadyNavyVet (The NC GOP is McCain's maverick.)
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To: TitansAFC; meandog; onyx; MARTIAL MONK; Kuksool; freespirited; Salvation; furquhart; mossyoaks; ...
The McCain List.
Common sense conservatism

60 posted on 04/27/2008 11:04:23 AM PDT by Norman Bates (Freepmail me to be part of the McCain List!)
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