Posted by Brad @ 4:58 pm on November 22nd 2010

Quote of the Day: Nobody Reads Retractions Edition

Al Gore, who let’s remember cast a tie-breaking Senate vote on a bill mandating that ethanol be gifted a government-forced share of the gasoline additives market, on why he was such a fan of ethanol subsidies:

“It is not a good policy to have these massive subsidies for (U.S.) first generation ethanol,” said Gore, speaking at a green energy business conference in Athens sponsored by Marfin Popular Bank.

“First generation ethanol I think was a mistake. The energy conversion ratios are at best very small.

“It’s hard once such a programme is put in place to deal with the lobbies that keep it going.”

He explained his own support for the original programme on his presidential ambitions.

“One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president.”

These subsidies, which have produced almost no benefits to anyone but the direct recipients of the federal largess, cost 7.7 billion dollars last year.

Two words for Mr. Gore: Fuck. You.

1 Comment »

  1. Please add the horse he rode in on.

    Comment by mw — 11/22/2010 @ 10:02 pm

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