Yay ethanol -- D'OH

No doubt about it, if there were a Miss Energy Pageant, Miss Ethanol would win hands down. Everyone loves ethanol.

"Ramp up the availability of ethanol," says Hillary Clinton.

"Ethanol makes a lot of sense," says John McCain.

"The economics of ethanol make more and more sense," says Mitt Romney.

"We've got to get serious about ethanol," says Rudolph Giuliani.

And the media love ethanol. "60 Minutes" called it "the solution."

(Note from the Klown -- "60-minutes?? -- as soon as those jackasses agreed, I knew something was wrong. I knew my wallet was in trouble -- those commies at 60-minutes are never on the right side of anything.")

Clinton, Romney, Barack Obama and John Edwards not only believe ethanol is the elixir that will give us cheap energy, end our dependence on Middle East oil sheiks, and reverse global warming, they also want you and me -- as taxpayers -- to subsidize it.

When everyone in politics jumps on a bandwagon like ethanol, I start to wonder if there's something wrong with it. And there is. Except for that fact that ethanol comes from corn, nothing you're told about it is true. As the Cato Institute's energy expert Jerry Taylor said on a recent "Myths" edition of "20/20," the case for ethanol is based on a baker's dozen myths.

A simple question first. If ethanol's so good, why does it need government subsidies? Shouldn't producers be eager to make it, knowing that thrilled consumers will reward them with profits?

But consumers won't reward them, because without subsidies, ethanol would cost much more than gasoline.
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