See the following link:

http://justoneminute.typepad.com/main/2008/04/paul-krugman-ly.html

Paul Krugman, who wrote in Jan 2007 that “There is a place for ethanol in the world’s energy future — but that place is in the tropics” today tells his readers that even Brazilian ethanol is contributing to food shortages worldwide. Hmm, maybe ethanol is not such a great idea - who knew?

So how does this affect our assessment of the Presidential candidates? Here is Krugman:

“Oh, and in case you’re wondering: all the remaining presidential contenders are terrible on this issue.”

Oh, and in case you are wondering - Krugman is lying.

Obama has consistently supported ethanol subsidies and voted in favor of those subsidies in a 2005 energy bill.

Hillary favors some subsidies but opposed the relevant 2005 amendment.

And John Sidney McCain has consistently opposed ethanol subsidies and voted on Hillary’s (losing) side in 2005.

Yet they are “all terrible”? Or when Krugman refers to “all of the remaining Presidential contenders”, does he expect us to understand that only Democrats are in contention?

From the Weekly Standard:

On ethanol Barack Obama is probably the worst of the three remaining candidates since he has supported subsidies and lauds corn-based ethanol in his current energy plan:

Develop the Next Generation of Biofuels: Barack Obama will work to ensure that advanced biofuels, including cellulosic ethanol, are developed and incorporated into our national supply as soon as possible. Corn ethanol is the most successful alternative fuel commercially available in the U.S. today, and we should fight the efforts of big oil and big agri-business to undermine this emerging industry.

Right, “big agri-business”, as represented by Archer-Daniels-Midland, has been ruthlessly suppressing ethanol for years.

Hillary is not a star, but she at least voted against the ethanol subsidies in the 2005 energy bill (Barack favored it).

And McCain is in a category of his own. In the 2000 Presidential race he was vocally opposed to ethanol subsidies (and skipped the Iowa caucuses). He also was on Hillary’s side in opposing the 2005 ethanol subsidies.