Newt Gingrich's support for ethanol subsidies brings out the knives at WSJ

There is apparently no official Republican position on ethanol subsidies. The other day, the party's 2008 presidential nominee, John McCain, said that "Agriculture subsidies are outrageous today. Ethanol is a joke." Then, one of the people hoping to be the party's 2012 nominee, came out in strong support for subsidies for ethanol made from corn. Speaking in Iowa, Gingrich also said that the Wall Street Journal editorial page, which has come out against these subsidies, is "just plain flat intellectually wrong" (you can listen to his entire speech here).

Well, that didn't go over so well with the WSJ. The paper fired back, calling him "ethanol lobbyist Newt Gingrich" and wrote that, "his keynote speech to the ethanol lobby was as pious a tribute to the fuel made from corn and tax dollars as we've ever heard." All of this is prompted Biofuels Digest to criticize the Journal, and we're sure there will be more to come.

In 2008, Gingrich proposed lowering fuel prices by tapping into the Strategic Oil Reserves, deregulating offshore oil drilling and investing in alternative fuel technologies. Then, during the brief moment when the right wing was criticizing then-candidate Obama's true statement that properly inflated tires reduce gasoline consumption, Gingrich said, "Sen. Obama was urging you to go out and enrich Big Oil by inflating your tires instead of buying gas." No, really.

[Source: Biofuels Digest, | Image: AP Photo/Charlie Neibergall]

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