Obama on Energy Independence

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The first two thirds of Obama’s speech today got my hopes up that he was backing away from the corn-ethanol shtick. But the last third brought me down to earth. Even if corn-ethanol takes third place in his speech now, the corn-belt senator would probably never drop support for corn-ethanol subsidies, which may be the biggest greenwash ever.

All around, his proposals are better developed than in his speech one year ago. He proposes to raise fuel economy standards by 4 percent per year, instead of just 3 percent. He also wants to subsidize Detroit’s move to hybrid vehicles. And he supports a carbon cap-and-trade system. What would work much better would be to tax carbon emissions and raise the fuel tax. But they don’t call taxes the third rail for nothing.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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