Wednesday, April 23rd, 2008...1:22 pm
Let Them Eat Carbs
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“If part of our problem is that the Chinese are going to eat meat and you’ve got to have corn and soybeans to feed the Chinese their meat, then why isn’t it just as legitimate for the Chinese to go back and eat rice as it is for us to change our policy on corn to ethanol?” [Sen. Charles] Grassley asked in a conference call with reporters.
Not that this makes any sense economically, but it’s good to know that in Grassley’s calculus billions of people going without protein = some Iowans letting go of their ethanol subsidies.
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