Ethanol reform: too good to be true

My predicition of good news on the ethanol front proved premature, as Barack Obama has nominated Tom Vilsack, governor of Iowa, to be his agriculture secretary. Vilsack (like every other politician in Iowa or who even set foot in Iowa) worships the false god of corn-based ethanol.

Time magazine does a good job of analyzing the Vilsack appointment against the growing evidence of ethanol madness. Michael Grunwald professes optimism in that Vilsack is a corn-barrel moderate (rather than hawk), but I think he’s just giving the new president the benefit of the doubt. Time will tell, even if Time cannot.