Now I understand why “the Obama” is continues to tout and support corn ethanol. ADM (Archer Daniels Midland) is based in Illinois but since lobbyists have no control over Obama I’m sure that he wouldn’t have received any campaign funds from the evil energy giant called ADM.

Oh, he has? Like riding on ADM’s jet?

IBD – Obama’s Corn Fake

Energy: If Obama wants energy independence through alternative fuels, why doesn’t he back imported sugar-based ethanol? This old-style politician knows it isn’t grown in the Midwest and Brazil has no electoral votes.

ADM is based in Illinois, the second-largest corn-producing state. Not long after arriving in the U.S. Senate, Obama flew twice on corporate jets owned by the nation’s largest ethanol producer. Imagine if McCain flew on the corporate jets of Exxon Mobil.

Corn-based ethanol gets a 51-cents-a-gallon tax subsidy that will cost taxpayers $4.5 billion this year. McCain opposes ethanol subsidies while Obama supports them. McCain opposed them even though Iowa is the first caucus state. Obama, touted by Caroline Kennedy as another JFK, was no profile in courage in Iowa.

That subsidy was cut to 45 cents a gallon in the new farm bill, but more money was pushed toward other biofuels such as switch grass. The Democrats can’t wait for offshore oil or ANWR, but they can wait for switch grass. The tariff on imported ethanol was extended. Neither candidate voted on the bill, but Obama said he supported it. McCain said as president he would have vetoed it.

Technorati Tags: ethanol, Barack Hussein Obama, ADM, Archer Daniels Midland, lobbyists, 2008 Election, Big Agriculture, Dhimmicrats,

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