McCain vs Obama: Ethanol
Mr. McCain advocates eliminating the multibillion-dollar annual government subsidies that domestic ethanol has long enjoyed.... Mr. Obama, in contrast, favors the subsidies....
On the campaign trail, Mr. Obama has not explained his opposition to imported sugar cane ethanol. But in remarks last year, made as President Bush was about to sign an ethanol cooperation agreement with his Brazilian counterpart, Mr. Obama argued that “our country’s drive toward energy independence” could suffer if Mr. Bush relaxed restrictions, as Mr. McCain now proposes.
“It does not serve our national and economic security to replace imported oil with Brazilian ethanol,” he argued....
The candidates’ views were tested recently in the Farm Bill approved by Congress that extended the subsidies for corn ethanol, though reducing them slightly, and the tariffs on imported sugar cane ethanol. Because Mr. McCain and Mr. Obama were campaigning, neither voted. But Mr. McCain said that as president he would veto the bill, while Mr. Obama praised it.
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