From Newt Gingrich, combining faux populism and blatant pandering in Iowa:
Former House Speaker Newt Gingrich today dismissed the “big city” critics of corn-based ethanol and suggested the biofuels industry will be able to “stand on its own” without federal subsidies once all autos are “flexible-fuel” vehicles…
“If they’re prepared to insist on a flex-fuel vehicle and every car in America’s capable of buying ethanol, I think the industry can stand on its own,” Gingrich said.
Well sure. And if Congress would only mandate that people travel by horse and buggy, that industry would make a comeback too. And yes, this is an explicit call for regulation:
Gingrich called for new federal regulations to ensure every vehicle made in the U.S. is able to run on ethanol or methane. Gingrich told reporters after his speech that he does not support extension of the federal tax create for ethanol fuel “beyond this year.”
This is exactly the kind of regulation that Gingrich would be savaging if a Democrat proposed it. The government telling companies what features they have to build into their products? Tyranny! Hitler! Stalin! Satan!
It takes a brave, brave man to come out in favor of ethanol while campaigning in Iowa.