Tuesday, August 19, 2008

Texas Gov Calls Ethanol Mandate a Scam; Prefers Windmill Scam

Rick Perry, Texas' Republican governor, asked the Environmental Protection Agency to reduce the federal requirements on biofuel. Of course, the EPA said no.

Currently,30% of the U.S. corn crop is put into the production of only 3% of the fuel we use. Perry's against this."It's the biggest scam that's ever come along," Perry told CNBC's Jim Cramer.

So de we have a new free market adovcate, who sees through all these special interest scams? No, Perry just wants Texas-based scams. Texas is the land of Boone Pickens, aka, T. Boone Pickens. Windmill Pickens is big on energy produced by windmlls, but Pickens would like a pre-operations bailout. Pickens can't make the money he would like from his windmills, so instead of operating them at a loss and then going hat in hand to the governmet to bail him out, he wants the bailout money, aka, the subsidy, up front amd now. Perry's all for it.

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