Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Ethanol for Newt

January 31, 2011 By Richard C. Young

According to the staff of Congressman Paul Ryan, the budget deficit is poised to increase to $1.48 trillion from $1.416 trillion even when a projected $66 billion more will be raised in tax revenues from 2010 to 2011. In other words, the president’s budget is getting more money, and spending it faster than it did last year, and then borrowing even more to boot.

In this perilous situation every American should be asking for less spending. Special interests are gobbling up taxpayer dollars, and so-called “conservatives” like Newt Gingrich are not helping. Mr. Gingrich has given an absolute stinker of a speech in Des Moines to the Renewable Fuels Summit. According to Monte Shaw, the Iowa Renewable Fuels Association executive director, “Speaker Gingrich has been a champion for renewable fuels since at least 1995 – first in the legislative arena and, more recently, in the arena of ideas.” According to Mr. Gingrich’s speech, he’s been in the tank for ethanol a lot longer than that.

Apparently the “ideas” Mr. Shaw writes about are the plans Mr. Gingrich has to push for a government mandate to automakers that all vehicles be made to “flex-fuel” standards, so they may run on a fuel mix of up to 85% ethanol. In his speech Gingrich says, “there is zero reason to tolerate their resistance,” referring to the automakers’ concerns about building flex fuel cars. No reason to “tolerate” resistance? This statement is coming from a man that has (rightly) hammered the Obamacare plan on its individual mandate. The hypocrisy is rife.

Mr. Gingrich argues that more ethanol must be blended with all gasoline because Americans would be “confused” by more than one pump. This, even though there are already many gas stations with diesel pumps, and Americans haven’t had a problem yet. In Europe multi-fuel stations are common, if not the norm and the Europeans don’t seem to be having a problem of putting CNG in gasoline tanks.

But according to Mr. Gingrich the Europeans are not to be trusted. Using his logic, turning 40% of America’s corn crop into fuel is not the reason there are food shortages. The reason, according to Mr. Gingrich, is that Europeans will not grow genetically modified crops. Now it appears Mr. Gingrich would like to extend his mandating to Europe. Perhaps he’ll run for president of the world.

Listen to his speech here and judge for yourself if you think Americans ought to be forced to buy anything, even flex fuel cars. Right now, due to a government mandate Americans are forced to buy a tenth of a gallon of ethanol every time they want nine tenths of a gallon of gasoline.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Could Ethanol's Days be Numbered?
  • Breaking Bad, Breaking Good
  • Breaking News from Harley Davidson
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • Jean-Pierre: Economy “Not Something that We Keep an Eye on Every Day” - May 20, 2022
  • V4 Stands Against North African and Middle Eastern Invasion - May 19, 2022
  • ENERGY FREEDOM ACT: Ted Cruz Introduces Bill for Energy Independence - May 19, 2022

Dick Young’s Must Reads

  • The Case for Individual Stocks: Now More than Ever
  • A Cashless Society Is A Debacle for Americans
  • The Common Ground of Democracy is Sinking Beneath Americans’ Feet
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes
  • Your Cash Swept into Your Broker’s Bank Account!
  • Stunned Democrats Against “Defund Police”
  • Is Rutin Useful in Preventing Blood Clots?
  • “An Epic Struggle Over the Definition of America”
  • TROJAN HORSE: “Diversity, Equity, and Inclusion” is Critical Race Theory in Disguise
  • The Clock is Ticking: You Must Protect Your Family

Disclosure

RSS Youngresearch.com

  • Job Market Survival Advice for Graduates and for Those YOU Love
  • BULLWHIPPED? Inventory Overhang Could Slow Growth in Certain Sectors
  • BUY THE DIPS? Can You Catch a Ginsu Knife?
  • MARKET TURNING: Canada’s Housing Market Turmoil
  • “I’ve Been with Richard Young for Over 30 Years Now”
  • All-Powerful Money Managers Voting YOUR Money Targeted by Senate GOP
  • HORDING CASH: Funds Hold the Highest Level of Cash Since 9/11
  • COMMODITY CRUNCH: Will Tesla Buy a Cobalt Mine?
  • Young Americans Fall in Love with Farming, Again
  • Your Survival Guy: “Sell in May, Buy After Labor Day?”

Joe Biden – Malicious, Incompetent, a Wannabe Left Wing Ideologue?

Jean-Pierre: Economy “Not Something that We Keep an Eye on Every Day”

Job Market Survival Advice for Graduates and for Those YOU Love

The Destructive Rise and Fall of BLM

What Would We Do without the Experts?

V4 Stands Against North African and Middle Eastern Invasion

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives