Obama's Ethanol Mandate Will Make Food Prices Skyrocket

Discussion in 'Economy' started by Nova78, Sep 3, 2012.

  1. Nova78
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    Nova78 Silver Member

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    Ethanol Mandate Will Make Food Prices Skyrocket

    In the midst of one of the most severe droughts on record, Washington’s ethanol mandate is making the corn shortage even worse. Markets have responded quickly and flexibly to the drought where they can, but some corn buyers are sidelined by the rigid government ethanol mandate.

    Corn prices are skyrocketing, and livestock farmers are suffering from the high price of corn-based feed. Nonetheless, the government mandates that 13.2 billion gallons of corn ethanol must be produced in 2012. The mandate has not been changed at all in response to changing real-world conditions, despite repeated pleas from American beef and pork farmers.

    Under a free market system, the pain of the drought would be spread around—corn growers, livestock farmers, fuel producers would earn a little less than usual, and the consumers of corn, meat, and gasoline would pay a little more. A free market allows participants to change the quantities they supply or demand in response to price fluctuations.

    A government mandate, by contrast, fixes quantities and forces prices to rise rapidly when nature reduces the supply. In this case, livestock farmers and corn consumers—including the poor in America and abroad—bear the brunt of the inflexible ethanol mandate. Even in a good year, the ethanol mandate makes food more expensive for American consumers. The Heritage Foundation’s Nick Loris has written further on the damage done by government mandates and subsidies in the corn ethanol industry.

    Obama continues to stick it to you at ever turn,like a wild horse ,he is trying to break your spirit....

    $bc50a49cb11a61428c48ca25f6072341.jpg

    $Ethanol.jpg
     
  2. Katzndogz
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    Katzndogz Diamond Member

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    Communist government generally have an induced famine at their beginnings.
     
  3. daveman
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    daveman Diamond Member

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    Funny how Mother Nature never fulfills her end of the 5-Year Plan, huh?

    Bitch. Doesn't she know she's subject to government diktats?
     
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  4. Moonglow
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    Moonglow Diamond Member

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    induced famine? And God has done it also, but I suppose that the president controls the weather also.
     
  5. Moonglow
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    Moonglow Diamond Member

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    Romney Must Cease and Desist From Ethanol Mandate | RedState
     
  6. Moonglow
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    Moonglow Diamond Member

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    It's not all marxism


    August 22, 2012

    Drought revives fuel-versus-food fight - Page 2 - MarketWatch
     
  7. Rshermr
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    Rshermr VIP Member

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    And Nova78 starts out another thread with another right wing topic from another right wing sight, in this case Heritage. WHAT A SURPRISE. No confusing conversation with Nova, just good old right wing dogma. What a clown. Some day he will surprise us all with an impartial source.
     
  8. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    too stupid!!! Why don't you show us one example of an impartial source that was useful??????????
     
  9. Nova78
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    Nova78 Silver Member

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    He can't ,all he does is slams anyones post he considers anti Obama ,slam the messenger and hide from the the truth, .....:eusa_whistle::eusa_whistle:
     
  10. Rshermr
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    Rshermr VIP Member

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    Ed says I should show an example of an impartial source that was useful, and Nova says I can not. Because, apparently, they do not consider impartial sources useful.
    So why question nova's post irrational. When you use a source that only attacks anything the Democratic party does, never says anything good about them, and fully supports the repubs all the time, then, you see, you have a truly impartial site. Which, of course, they know.
    Second, you have two guys who ONLY post the same dogma as Heritage, CATO, and many other right wing site they can find. And both are incapable of arguing their points. Pure waste of time. And totally dishonest. And I hate dishonest people.
     

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