Friday, June 10, 2011

A Confederacy of Dunces

Well, more like a limited liability partnership--limited for them, not for us. The Bush administration's idiotic (really no other word will do) to sign into law a bill requiring 40% of corn grown in the US to go to ethanol is now doing real damage. The bill was backed by a coalition of farmers and environmentalists for the purposes of protecting America's small farmers and the environment. Now we have only 2 weeks supply of corn at present usage rates (the last time that happened was in the 1930s) and we are facing the possibility of importing corn.

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