Comments on: Obama: Feds May Need To Rethink Ethanol
All Candidates Suggest Biofuel Production And Policies Need Retooling As Food Prices Rise
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- HOW MANY MORE PEOPLE WILL SHE Sacrifice SACRIFICE to be the PRESIDENT??
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- Gosh i wish people would wake up about her!!!!! Her Lies anything to get what she wants. You know i have also heard about the Gas Tax do you all understand that over 300,000 jobs will be lost if we do that gas tax deal??? that means 300,000 AMERICANS without jobs again under the CLINTON PLAN
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- Here in the U.S. higher food prices are primarily tied to the cost of delivery. That is fuel related (gas prices) and has nothing to do with ethanol or corn. In Egypt the show I saw pointed to bread as the problem and flour and rice. Bread in general is made of wheat or grains not corn unless the southern corn bread which isn''t as far as I know widely used in the world. Most of those price hikes are also related to delivery costs not a shortage of corn. As a matter of fact I haven''t read one credible account of their being a corn shortage. So I think before I jump on the bandwagon I''m going to study some more.
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- Oh boy-here we go again.
ENERGY POLICY:
On energy policy, it turns out Obama is a big supporter of corn-based ethanol which is well known for being an energy-intensive crop to grow. It is estimated that seven barrels of oil are required to produce eight barrels of corn ethanol, according to research by the Cato Institute. Ethanol''s impact on climate change is nominal and isn''t "green" according to Alisa Gravitz, Co-op America executive director. "It simply isn''t a major improvement over gasoline when it comes to reducing our greenhouse gas emissions." A 2006 University of Minnesota study by Jason Hill and David Tilman, and an earlier study published in BioScience in 2005, concur. (There''s even concern that a reliance on corn-based ethanol would lead to higher food prices.)
So why would Obama be touting this as a solution to our oil dependency? Could it have something to do with the fact that the first presidential primary is located in Iowa, corn capital of the country? In legislative terms this means Obama voted in favor of $8 billion worth of corn subsidies in 2006 alone, when most of that money should have been committed to alternative energy sources such as solar, tidal and wind. - Reply to this comment
- How bright of CBS to give Obama the byline and use what Clinton said as a more reasoned explanation of the issue. Typical!
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- ANDREW ALBERS (FORMER VICE PRESIDENT, MAGNEQUENCH) There was nothing new that we were doing that the Chinese didn''t already have and know about.
JAKE TAPPER (ABC NEWS) (Voiceover) This month Clinton held an event in Valparaiso.
SENATOR HILLARY CLINTON (DEMOCRAT) We''ve got to elect a president next January who''s going to remember Magnequench.
JAKE TAPPER (ABC NEWS) (Voiceover) Clearly some things about Magnequench Clinton has clearly forgotten.
JAKE TAPPER (ABC NEWS)
(Off-camera) The Clinton campaign argues that the Chinese promised in 1995 to keep jobs and technical production in the United States. But, Charlie, they only promised to do that until 2005. And at any rate, they broke that promise. Charlie?
Pretty powerful stuff, wouldn''t you agree? Shouldn''t this have received MUCH MORE media attention, especially given recent gaffes and misstatements by Hillary, not the least of which being her claim that she ducked sniper fire in Bosnia when she was first lady?
Of course, let''s not forget the significance of Indiana to this campaign, or Tuesday''s primary.
Yet, ABC wasn''t the first to notice Hillary''s error concerning Magnequench. The Indianapolis Star reported on April 15: "After all, Magnequench was sold to a consortium that included Chinese investors in 1995 while Bill Clinton was president." - Reply to this comment
- SENATOR HILLARY CLINTON (DEMOCRAT) George Bush could have stopped it. But he doesn''t.
JAKE TAPPER (ABC NEWS) (Voiceover) What Clinton does not say is that her husband could have stopped it because the Chinese bought Magnequench, in 1995, when he was president. And his administration approved the deal, despite national security concerns, raised partly because the Chinese companies were run by sons-in-law of the then-Chinese leader Deng Xiaoping.
PROFESSOR VIRGINIA SHINGLETON (DEPT OF ECONOMICS) If we believe this was truly a national defense issue, it should not - the company should not have been allowed to be sold in 1995.
JAKE TAPPER (ABC NEWS) (Voiceover) One of Senator Clinton''s main arguments, the Chinese now know our secrets.
SENATOR HILLARY CLINTON (DEMOCRAT) Not only did the jobs go to China, but so did the intellectual property and the technological know-how to make those magnets.
JAKE TAPPER (ABC NEWS) (Voiceover) Former Magnequench vice president, Andrew Albers, says that''s false. By the 2003 move, he says the Chinese already knew everything. - Reply to this comment
- CHARLES GIBSON (ABC NEWS) (Off-camera) And as Hillary Clinton crisscrosses Indiana, ahead of next Tuesday''s primary, one economic story about lost jobs and foreign competition has become a staple of her campaign stops. But it turns out to be a story with some holes in it. Our senior political correspondent, Jake Tapper, has been looking at that story. Jake?
JAKE TAPPER (ABC NEWS) (Off-camera) Good evening, Charlie. Well, in Indiana, Senator Clinton decries how the company Magnequench moved from Indiana to China in 2003. Magnequench makes high tech magnets with defense applications, including in smart bombs. And now, China has a monopoly on the technology. But there''s one key part of the story Senator Clinton tends to leave out, her husband''s role.
JAKE TAPPER (ABC NEWS) (Voiceover) This rusty, abandoned factory in the heart of Valparaiso, Indiana, housed magnet maker Magnequench until it moved to China, costing more than 200 jobs. It''s a story Senator Hillary Clinton tells a lot as she campaigns throughout the Hoosier State.
SENATOR HILLARY CLINTON (DEMOCRAT) A Chinese company bought Magnequench. And then, they decided that they were going to move the whole company from Indiana to China.
JAKE TAPPER (ABC NEWS) (Voiceover) Over and over again, Clinton blames President Bush for dropping the ball on a national security issue. Including in a new TV ad. - Reply to this comment
- Obama said nothing just as always. He gets away with talking about the clear problem that everyone knows but he never has a solution. He complains about everything being bad but he has nothing to offer but criticism. Stop the hot air and say something that might help voters, get a plan. Once you get used to Obamas speeches you see they are empty with no solutions. A great orator of fairytales for the childish to be amused by
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- superdelegates and the people of Id. HE SAID WHAT
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- Ethanol subsidies - accelerating starvation worldwide so that politicians can score environmental street cred.
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- The Feds need to be drinking the ethanol to get their ''minds'' right...
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- Corn ethenol is a boondoggle that uses more energy to make than it replaces.
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- Hmmm ... THIS is what the Feds have been saying all along but all the Greenpeace, tree-hugging FREAKS wouldn''t listen to them!
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- ---"Didn''t Obama learn anything from our far dumber current President???
You say stuff like this AFTER you are elected (or selected in Bush''''s case)!!
Pretty stupid thing to say right before a "corn belt" primary.
I thought Obama was smarter than that...."---
Posted by jw218389
Advanced strategy - it forces Hillary''s hand whereby she has to either denounce his stance and be trashed once again by world economists the way she was with the gax tax holiday, or else grudgingly agree.
She agreed . . . Barack ends up looking honest with the American people about a tough call while Hillary looks like she was trying to hide something . . . - Reply to this comment
- Didn''t Obama learn anything from our far dumber current President???
You say stuff like this AFTER you are elected (or selected in Bush''s case)!!
Pretty stupid thing to say right before a "corn belt" primary.
I thought Obama was smarter than that.... - Reply to this comment
- According to the experts, ethanol is causing only a 4% rise in food prices. The real culprit is the cost of bringing the food to market - oil! I wouldn''t be surprised if the oil companies are spreading the propaganda about ethanol. Chavez did it to Cuba - he told Castro that if he re-energized sugar production to increase ethanol output, he won''t be getting anymore cheap oil from Venezuela.
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- This guy wants to be our President and control our government. Pay close attention to the last comment!! Below are a few lines from Obama''s books '' his words:From Dreams of My Father: ''I ceased to advertise my mother''s race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites.''From Dreams of My Father: ''I found a solace in nursing a pervasive sense of grievance and animosity against my mother%u2019s race.''From Dreams of My Father: ''There was something about him that made me wary, a little too sure of himself, maybe. And white.''From Dreams of My Father: ; ''It remained necessary to prove which side you were on, to show your loyalty to the black masses, to strike out and name names.''From Dreams of My Father: ''I never emulate white men and brown men whose fates didn''t speak to my own. It was into my father''s image, the black man, son of Africa, that I''d packed all the attributes I sought in myself, the attributes of Martin and Malcolm, Dubois and Mandela.''From Audacity of Hope: ''I will stand with the Muslims should the political winds shift in an ugly direction.''
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