The Obama campaign has responded by saying that the President is a strong supporter of ethanol as a driver of the economy. The President was speaking in Iowa at the time. But even if you support ethanol – and studies show the corn-based version costs us more in energy to harvest than it’s worth – you cannot deny the economic harm created by the mandate at this time, given the drought conditions. The price spikes have caused a severe hardship for livestock producers in particular who use corn to feed their animals. The head of the UN’s food program, Jose Graziano da Silva, also called for a suspension of the ethanol mandate.
|By: David Dayen Thursday August 16, 2012 3:37 pm|
|By: David Dayen Wednesday July 18, 2012 1:45 pm|
Arkansas, led by popular Democratic Governor Mike Beebe, has done a cost analysis of the Medicaid expansion, finding that it would save the state $372 million. The state could face slightly higher costs in the out years. But will conservative governors be swayed by this type of analysis?