Well, so do I. Mr. Prez-Elect, can I get a bailout too? Oh, pretty, pretty please...
So when is this "I want a bailout" madness going to end?
The Renewable Fuels Association has recently put in a request for $1 billion for financial aid to help struggling ethanol producers so they can finance current operations. In addition, the RFA -- the ethanol industry's lobby -- has also suggested to the incoming administration that it create a $50-billion federal loan guarantee program to finance investment in the ethanol producers' expansion. Give me a break.
Here's Green Car Advisor's take: First Wall Street, Then Automakers, Now U.S. Ethanol Industry Wants a Bailout
billt9 says:
09:38 PM, 12/27/08
Uh, dead end technology.
Die ethanol die!
Still cheaper to dig deep holes in the ocean.
eclogite says:
06:08 AM, 12/28/08
Agreed!
venom650 says:
11:59 PM, 12/28/08
This technology is going nowhere, after all the energy it takes to produce ethanol is pointless to the overall product, like he said, its dead end technology, and does not deserve a bailout, hell no my tax money is not going to them.
flicmod says:
06:09 AM, 12/29/08
But think of all the American jobs that will be lost! The economy is in MORTAL DANGER of collapse if we don't help them out! Ohhh... the children! Ohhh... the humanity!
cwc1 says:
04:24 PM, 12/29/08
Ethanol is already being subsidized by taxpayers' dollars, along with so much other wasteful spending. So, we shouldn't be surprised to see that the industry now wants even more money. It would not be able to survive on its own without this supposed "free" money from Washington.
Things like this will continue to happen until the country elects more fiscal conservatives to the Congress and the White House. The results of the last election are not encouraging.
flicmod says:
10:11 AM, 12/30/08
"The results of the last election are not encouraging."
No. No they are not.
Hope is a fallacy with this president, and once we see his actions in office, everyone will realize that they got suckered into voting for the status quo once again.