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One of the really ugly scams is the corn ethanol federal mandate. This subsidized boondoggle results in more than 5.1 billion bushels of U.S. corn converted to ethanol from 30 million acres of heavily fertilized land, nearly five times the land mass of Maryland.
Next summer, we will have higher food prices. people have gotten accustomed to higher prices at the gasoline pump. they kind of understand why that may be happening. it's going to be harder to explain to middle americans why their grocery bill is going up so dramatically. >> i think neither a politician, neither of the candidates nor neither party really walks away scott-free in this. >> that is absolutely certain. >> what's also true is we are putting a huge part of our corn production into the gas tank where it does not belong, taking it out of the food supply. so that whole ethanol scam whi...
Dollars to supposedly create jobs. jonathan you have been saying this would happen. it looks like you are right. >> sure. we've seen this movie before. we saw it a few years ago with president bush in his whole big ethanol scam. you saw companies back then pacific ethanol, boom to bust. all the people they hired got fired. all the plans they built were shut. you saw this in japan spent 80 billion dollars in the last six years on green energy programs all those tax dollars burned up in flames. the president takes it as a given we need to spend tax dollars on green energy. he it has to work for ...