In a week of big news stories, few noticed the 7-year anniversary of Obama’s $800 billion American Recovery and Reinvestment Act—signed into law on February 17, 2009. Commonly known as the “Stimulus Bill,” Politico calls it “one of the Administration’s most consequential and least popular initiatives.” In fact, according to Politico, “The package of tax cuts and government spending…became so unpopular that the word ‘stimulus’ disappeared from the Administration’s rhetoric.” Despite the bill’s reputation, on Wednesday, Vice President Joe Biden embarked on a three-city victory tour to celebrate the anniversary of the act for which he oversaw the implementation. His first stop was New Orleans. [...]
The Renewable Fuel Standard requires a quantity of ethanol to be included in gasoline -- and more and more of this ethanol is supposed to be "cellulosic" -- except that nobody has come up with an affordable way to make cellulosic ethanol in large quantities. Thus the federal standards are bogus.
The Renewable Fuel Standard (RFS) is a bad joke that is costing American businesses money and trouble over a fuel -- cellulosic ethanol -- that is perhaps decades away from marketability. A coalition is building to eliminate this costly, even damaging, mandate that the EPA is eagerly enforcing despite issuing its rules after the fact and pressing for engine-damaging ethanol limits of up to 15% at a time when gasoline prices are dropping and U.S. production of gasoline is peaking. CFACT advisor Marita Noon says it is time to reform, revise, or repeal the RFS.