I can’t say I’m surprised, but I’m nonetheless still nauseated to read that Mitt Romney has decided to endorse ethanol subsidies. Here’s a blurb from Fox in DC.
“I support the subsidy of ethanol,” Romney told an Iowa voter. “I believe ethanol is an important part of our energy solution for this country.” …Romney’s renewed support came just days after former Minnesota Gov. Pawlenty officially announced his candidacy and said the nation could no longer afford to subsidize ethanol, a position that he said backed up his claim to be the truth teller in the race.
I’ve written about ethanol subsidies before, noting that they rank as one of the most corrupt and inefficient special-interest programs in Washington. By endorsing ethanol, Romney demonstrates that he is a profoundly flawed candidate.
Indeed, he seems eerily similar to Richard Nixon. Not in the sense of being corrupt, but in his totally amoral approach to public policy.
From a policy perspective, Nixon was a terrible president. He raised taxes, created new government agencies and programs, imposed wage and price controls, and implemented many other policies to expand the burden of government. But he did those things for reasons of political expediency, not because of any set of beliefs.
Romney seems to have the same shallow approach. It appears that he will say anything and do anything to advance his own political ambition. Doing what’s right for America doesn’t seem to be a factor when he makes decisions.
By imposing Romneycare on Massachusetts, Romney paved the way for Obama to impose a similar policy on the entire nation. Now Romney has embraced one of the sleaziest scams in Washington, one that lines the pockets of a rich special interest and screws over taxpayers and consumers.
That does not bade well. If he makes it to the White House, I will predict right now that he would destroy America’s fiscal future with a value-added tax.