McCain vs Obama: Ethanol
David Brooks reports
In 2000, McCain ran for president and reiterated his longstanding opposition to ethanol subsidies. Though it crippled his chances in Iowa, he argued that ethanol was a wasteful giveaway. A recent study in the journal Science has shown that when you take all impacts into consideration, ethanol consumption increases greenhouse gas emissions compared with regular gasoline. Unlike, say, Barack Obama, McCain still opposes ethanol subsidies. FYI, here is Paul Krugman on ethanol:
Bad for the economy, bad for consumers, bad for the planet — what’s not to love?