WASHINGTON (AP) -- The increased use of ethanol could cost the government up to $900 million for food stamps and child nutrition programs, a congressional report says.
Higher use of the corn-based fuel additive accounted for about 10 percent to 15 percent of the rise in food prices between April 2007 and April 2008, according to the nonpartisan Congressional Budget Office. That translates into higher costs for food programs for the needy.
Bottom line.The markets always win. A bad idea is a bad idea. Like the program to facilitate the ownership of a house. Eventually it caused problems. The worse the idea, the worse are the consequences. Another bad idea? Washington is forcing GM to produce green cars. The USSR tried industrial planning. And the latest news is that it did not work. The markets always win.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs. George Dagnino, PhD
Since 1977
No comments:
Post a Comment