More Snake Oil

While Democrat Senator Ron Wyden charges at the windmill of excessive oil company profits, a company named Archer Daniels Midland (NYSE: ADM) is set to reap not only massive profits from ethanol sales to gullible greenies, but they also reap the benefits of massive federal tax reductions, crop subsidies, and other "cost offsets."  Sugar production has been receiving Billions of your dollars since 1980, and every $1 of profit which ADM makes on its corn-syrup sweetener costs the taxpayer (YOU, for those of you who went to public schools) nearly $10.00.  But wait, it gets better:  every dollar of profits which ADM earns on ethanol production costs the taxpayer, YOU, a mere $30.00.  Not a bad business to be in, and the Obama administration wants to make it bigger, at an even bigger cost to YOU, the taxpayer.

.http://www.cato.org/pubs/pas/pa-241.html

Betcha don't hear that on PBS or MSLSD.