Fiberguild

April 14, 2008

Let Them Eat Cake, or, Pouring Ethanol on the Fire

Filed under: Idle Thoughts, News — willyb @ 10:21 pm

Boy, I feel like I am beating a dead horse. BBC reports:

“US President George W Bush has ordered the release of $200m in emergency aid to alleviate food shortages in Africa and other parts of the world.”

Meanwhile, the farm bill languishes in Congress and is facing a Presidential veto.

Congress wants to include tax cuts for

  • Biofuels
  • Timber Companies
  • Race Horses

Sen. Saxby Chambliss, R-Ga, defended the latter, saying, “Horse racing is a huge agricultural industry.”

Now, I’m confused. We need to contribute $200 million to relieve world hunger while we give major domestic tax breaks to those growing fuel, paper and Christmas trees, and race horses!

What are we going to eat here in this country? I guess that doesn’t matter, since we will be able to drive to the race track where we can have paper race forms helping us decide which horse to put our money on.

“Let them eat cake,” were words famously spoken when the French populace was starving. Seems just as applicable now…

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