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Wide White: Hillary wants ethanol too

Tuesday, May 23, 2006

Hillary wants ethanol too

WASHINGTON (AP) -- Democratic Sen. Hillary Rodham Clinton on Tuesday called for cutting U.S. dependence on foreign oil in half by nearly 8 million barrels a day by the year 2025 - a goal she said can be met with more ethanol-based fuel and a $50 billion research fund.
And where will she get that $50 billion for the research?
Clinton called for the creation of a $50 billion "Strategic Energy Fund" paid for by increased profits of the big oil companies.
The "increased profits of the big oil companies"??? How are they going to measure what counts as "excess" (because if the profits have gone up, they must be deemed to be "excess")? Are they going to increase the taxes on those profits? Are they going to just confiscate those profits? Sorry, but her "plan" is a little too vague for me.

However, there is a possibility of an ulterior motive.
Ethanol is popular in corn-producing states, especially Iowa, which holds the first caucus of the presidential primary.
Of course. Always a political reason.


Blogger kristi noser declared,

Should have titled this one "Hillary wants votes too"

5/24/2006 12:57 AM  

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