Senates Votes to End Ethanol Subsidy

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Richard S.
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Post Fri. Jun. 17, 2011 4:33 am

http://journalstar.com/news/local/govt-and-politi ... 66bdc.html

Just two days after an identical proposal fell far short of passage, the Senate voted again and dealt ethanol a double setback on Thursday.

A 59-40 defeat on Tuesday turned into a 73-27 victory for California Sen. Dianne Feinstein, Oklahoma Sen. Tom Coburn and others intent on ending a 45-cent blenders credit and a 54-cent tariff on imported ethanol.

Feinstein and other Democrats got behind a measure they had opposed earlier in the week because they were unhappy with the legislative tactics employed by Coburn.
Don't get too excited yet, it's only the Senate and there is still the mandate to deal with. This will actually increase the cost of gasoline since the loss of the subsidy will have to be made up at the pump.
"The difference between stupidity and genius is that genius has its limits."

- Albert Einstein

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europachris
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Post Fri. Jun. 17, 2011 7:37 am

The money is coming out of our pockets one way or the other, although the gov't still thinks they can grow money or have it simply appear out of thin air.

Ethanol is a farce.

Maybe FINALLY people are starting to see through all the self-serving political B.S. that got us into this mess in the first place......? Nah, couldn't be...but I keep hoping.
Economic Stimulus = Supporting your local Miners
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Have you hooked a clinker today?

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Richard S.
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Post Fri. Jun. 17, 2011 7:57 am

Will still be paying for it however I don't think that is going to last for long.
"The difference between stupidity and genius is that genius has its limits."

- Albert Einstein


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freetown fred
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Post Fri. Jun. 17, 2011 9:53 am

And I keep on hopping right along with you my friend--if enough of us HOPE???? my thoughts go to Arlo Guthries--"Alices Resteraunt" maybe it could turn into a movement, wouldn't that be just GRANDE ;)
europachris wrote:The money is coming out of our pockets one way or the other, although the gov't still thinks they can grow money or have it simply appear out of thin air.

Ethanol is a farce.

Maybe FINALLY people are starting to see through all the self-serving political B.S. that got us into this mess in the first place......? Nah, couldn't be...but I keep hoping.
"A people that values it's privileges above it's principals, soon loses both"--Dwight D Eisenhower

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Poconoeagle
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Post Fri. Jun. 17, 2011 11:55 am

we could all sit on the group "w" bench and play with the pencils....... :shock:

make quiet jokes about officer obie.....
"Do it Right the First Time" dont leave it for the next guy, as YOU may be the Next guy!!

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Post Mon. Jun. 27, 2011 11:40 pm

Alice lives in P-town on "The Cape"...
http://www.alicebrock.com/All%20About%20Alice.htm
I am not an engineer, train or otherwise!
I stay at a Holiday Inn at least once a year!
Most of all I do have common sense and a practical application of logic.
Oh, add humor, on the dry side, along with a wee bit 'o sarcasm.

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