What an interesting coincidence. Today we are posting to
Hundreds of Super Seniors, at the request of Glenn Beck, have been tracking food inflation by price checking at your grocery stores. We've now posted your reported prices as the base for future month's comparison.
Coincidentally, today came the news that the new tax bill which gives no income tax cuts but does prevent massive tax increases, includes nothing less than billions for continued ethanol credits.
What? Already 40% of our corn crop is used for this green dream and is not available for the 4,000 grocery items containing corn products. The result is higher and soon even higher food prices.
Let's see. We used much of our corn crop for ethanol and got markedly higher food prices. So now this administration will again use billions of our dollars to further subsidize ethanol production and thereby further raise our food cost. If our government keeps doing the same thing yet expects a different result, it is implementing a recognized definition of insanity.
Why are our politicians doing insane things to the price of our food? Why promote a technology so expensive and inefficient as to be criticized by no less than our "Guru of Green" the incredibly wealthy Al Gore.
And why would I accuse Al Gore of being wealthy? It is relevant here that Al Gore's wealth and our dearth of corn for food production are not unrelated. In Nov., 2010, Mr. Gore commented about first generation ethanol having a poor energy conversion ratio and so was not a good idea. He also ruminated that his striving for the Presidency probably drove him to "help" the farmers in Tennessee and Iowa by promoting corn to ethanol subsidies.
Estimates of Mr. Gore's wealth at the time of his Presidential run are 1 million, but by 2007 and after his hawking of some inconvenient truths, his wealth was estimated at 100 million. And some critics think Gore is on his way to being the first carbon billionaire.
So is it possible that once again the best interest of Americans runs a far distant second to political manipulations aimed at conjoined goals of massive wealth and certain power?
