This item slipped under the radar this week. It happened during the President’s bus tour through the Midwest, but before the President’s Martha’s Vineyard vacation.
On Tuesday, Mr. Obama announced efforts to boost small-business lending in rural areas. And his administration said it would spend up to $510 million to subsidize the production of biofuels not made from corn. [emphasis supplied]
I’m wondering if those funds will go to the only federally approved celluosic ethanol plant that shut down earlier this year “to work through technical snafus”?
But, as this may be part of the President’s secret plan to turn the economy around immediately that he will release in September, I would appreciate it if you keep this to yourselves.