Monday, May 14, 2007

Cartoon of the Week

Quote of the day: "Food prices increase because of government-sponsored ethanol—the magic fuel elixir... One quarter of the nation's corn production will be diverted from livestock feed to unenergetic ethanol this year. In March, corn increased to $3.20 from $2.00 a bushel last year. The cost of feeding chickens, our most popular meat, is up 40%. This expensive and poor substitute for energy-rich gasoline is heavily subsidized with our taxes (51 cents per gallon of ethanol), diverting resources by political decisions rather than through market efficiencies."


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