Obama on Energy Independence


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.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

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It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

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It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

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Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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