By now you’ve probably heard about Iowa Governor Terry Branstad saying that Iowans would make a mistake if they support Ted Cruz. Branstad, a career politician with connections to the establishment and super PACS (his son is director of the Americas Renewable Future PAC) is obviously extremely concerned that the money flow from Washington will stop since Cruz opposes the mandates and subsidies for ethanol.
For those of you outside the Midwest who may not be familiar with the ethanol money train, the Renewable Fuel Standard sets the amount of ethanol and biodiesel that must be added to our fuel supply. This drives demand for corn and soybeans, and Iowa just happens to be the largest producer of corn, ethanol and biodiesel in America.
“Ted Cruz is ahead right now. What we’re trying to do is educate the people in the state of Iowa. He is the biggest opponent of renewable fuels. He actually introduced a bill in 2013 to immediately eliminate the Renewable Fuel Standard. He’s heavily financed by Big Oil. So we think once Iowans realize that fact, they might find other things attractive but he could be very damaging to our state,” Branstad said at the Iowa Renewable Fuels Summit in Altoona.
This, my friends, is an example of crony capitalism at it’s worst. The government picking winners and losers through establishment politicians who are only concerned about their cash flow from Washington.