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Sunday, October 30, 2011

Romney: "Pretzel Candidate," But Still Frontrunner

From George Will's Washington Post column today (Mitt Romney, The Pretzel Candidate"):

"Romney cannot enunciate a defensible, or even decipherable, ethanol policy.  Life poses difficult choices, but not about ethanol. Government subsidizes ethanol production, imposes tariffs to protect manufacturers of it and mandates the use of it — and it injures the nation’s and the world’s economic, environmental, and social (it raises food prices) well-being.

In May, in corn-growing Iowa, Romney said, “I support the subsidy of ethanol.” And: “I believe ethanol is an important part of our energy solution for this country.” But in October he told Iowans he is “a business guy,” so as president he would review this bipartisan — the last Republican president was an ethanol enthusiast — folly.

Romney said that he once favored subsidies to get the ethanol industry “on its feet.”  But Romney added, “I’ve indicated I didn’t think the subsidy had to go on forever.” Ethanol subsidies expire in December, but “I might have looked at more of a decline over time” because of “the importance of ethanol as a domestic fuel.” Besides, “ethanol is part of national security.” However, “I don’t want to say” I will propose new subsidies. Still, ethanol has “become an important source of amplifying our energy capacity.” Anyway, ethanol should “continue to have prospects of growing its share of” transportation fuels.

Got it?

What would President Romney competently do when not pondering ethanol subsidies that he forthrightly says should stop sometime before “forever”? Has conservatism come so far, surmounting so many obstacles, to settle, at a moment of economic crisis, for this?" 
 

MP: The chart above shows the current Intrade odds for the Republican nominee, with Romney (68%) still far ahead of both Perry (11%) and Cain (8%).

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