Despite President Bush and President Obama pushing $1.5 billion in grants and guarantees toward the product, no breakthrough has emerged. Like their green energy cousins in the solar field, companies that took on cellulosic ethanol have gone bankrupt. Cellulosic ethanol doesn’t exist, and it isn’t about to exist.
However, the fines do exist, and they aren’t going away. In response, fuel companies are suing the EPA in D.C. district court. Millions of dollars in taxpayer money will potentially be lost over an argument as to whether pixie dust is real, and whether fuel companies can be held accountable for its non-existence. It’s a miracle on K Street.
Vote buying is a confusing and contradictory affair in the Democratic Party. After spending billions of taxpayer dollars to bail out their union supporters in the auto industry, Democrats are taking chunks of it back to appease their radical environmental base.
Yet it all makes sense in the EPA’s world, where flying unicorns and pixie dust are a regulation away from reality.
Robert J. Guenther is a political commentator and Editor-in-Chief of BiasBreakdown. He can be followed on Twitter @biasbreakdown.