Tuesday, May 24, 2011

Pawlenty takes on King Corn

I've had many conversations with rural Midwesterners about ethanol subsidies. I believe they are foolish, for the most part they disagree with me. Tim Pawlenty thinks they are foolish too, as the Wall Street Journal reports:

One of the immutable laws of modern American politics is that no candidate who wants to win the Iowa Presidential caucuses can afford to oppose subsidies for ethanol. So it's notable—make that downright amazing—that former Minnesota Governor Tim Pawlenty launched his campaign for the Republican Presidential nomination Monday by including a challenge to King Corn.

"The truth about federal energy subsidies, including federal subsidies for ethanol, is that they have to be phased out," Mr. Pawlenty told a crowd in Des Moines. "We simply can't afford them anymore."

He's certainly right about that, though that hasn't stopped nearly every other candidate from deploring the federal deficit while supporting the most egregious of corporate welfare subsidies. This marks a change for Mr. Pawlenty, who over two terms leading Iowa's northern neighbor first fought farmers on subsidies but later supported their push for a 20% ethanol mandate for gasoline. But in refusing to stick to the script for candidates looking to harvest votes in February's Iowa caucuses, Mr. Pawlenty has passed an early test of fortitude. By opposing ethanol despite the political risks, Mr. Pawlenty will also gain credibility to tackle other energy subsidies that drain the federal fisc to little good effect.
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