Subject: Old UK PKA Friends
PKA Friends:
My wife and I had a great trip to Hawaii, climbed Diamond Head, went snorkeling and ate way too much wonderful food. We just got back
I do not consider myself to be a political activist, I am writing to lots of people letting them know of just one of my concerns and that deals with the farm subsidies paid to corn farmers for the production of ethanol. Please keep in mind that our country is a terrible financial mess and this would be a small step in the right direction if this practice would end.
The U.S. Senate passed legislation yesterday to end this subsidy.
You may disagree with me, but I would encourage you to register your vote on the Wall Street Journal on today’s topic “Should the federal government repeal a $6 billion tax credit for ethanol producers? http://online.wsj.com/community/groups/question-day-229/topics/should-federal-government-repeal-6 . Of the 2355 votes cast so far, 96% say, “Yes”. Here were my comments. Feel free to register your own.
There are many good reasons the U.S. House should pass similar legislation:
Farm subsidies are America's largest corporate welfare program and larger than our other welfare programs
Ethanol hasn’t put much of a dent in our oil imports nor in the prices are we paying at the gasoline pump. Ecologically, ethanol production puts a lot of greenhouse gases into the atmosphere.
Taking a significant portion of corn and other grains out of the food market has raised prices for food worldwide.
Some ethanol skeptics have even argued that the process involved in growing grain and then transforming it into ethanol requires more energy from fossil fuels than ethanol generates. In other words, they say the whole movement is a farce
Beef and dairy farmers can no longer afford to feed their cattle. Just look at the price of corn. http://futures.tradingcharts.com/chart/CN/M
Small gasoline engine owners cannot use gasoline with ethanol.
Here is a very interesting CATO Institute Study going all the way back to 1995. http://www.cato.org/pubs/pas/pa-241.html. The Archer Daniels Midland Corporation (ADM) has been the most prominent recipient of corporate welfare in recent U.S. history. ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices and higher taxes over that same period.
Take care,
Harry Weingartner
10578 Estate Drive
Eden Prairie, MN 55347
952-944-2893
Email - harbetwein@aol.com
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