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<< Barack Obama - Energy Policy
The U.S. government should subsidize corn-based ethanol.
posted by brianrApproved 5/12/2007 6:11 AM
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Harper's Magazine
Since arriving on Capitol Hill, Obama has been as assiduous as any member of Congress in promoting ethanol. ADM has apparently not contributed money to Obama, but during his first year in office he traveled on the company’s private jets at least twice. All told, Obama took twenty-three flights on corporate planes; after some atypically bad press for accepting the flights, Obama imposed a ban at his office on privately subsidized travel. He has introduced a number of measures that benefit the industry—such as the “Obama Amendment” that offered oil companies a 50 percent tax credit for building stations that offer E85 fuel—and voted for the corporate-welfare-laden 2005 energy bill, which offered billions in subsidies to ethanol producers as well as lavish incentives for developing cars that run on alternative fuels.
Posted on 5/10/2007 11:35:50 AM by brianrApproved 5/12/2007 6:11 AM
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