Steyer the Liar Panders on Ethanol

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We've already seen San Francisco liberal billionaire Tom Steyer will go to extraordinary lengths to promote liberal politicians who have promised to kill the Keystone pipeline and impose a massive new carbon tax -- both of which would happen to enrich Steyer, who is invested in fossil fuels abroad and taxpayer-subsidized renewable energy in the U.S.  But his latest shameful pandering is a new low.

Steyer's first foray into Iowa was a bizarre ad portraying two fictional billionaires supporting outsourcing American jobs -- and lying about a Republican candidate -- when in fact the ad was paid for by Steyer, infamous for running all his hedge funds abroad to dodge U.S. taxes, and another San Francisco liberal billionaire.

His new ad sets the bar even lower for pandering, shamelessly attacking Republican Joni Ernst for questioning arbitrary government mandates for ethanol, which have driven up food prices globally, causing a massive humanitarian crisis, and exacerbated a variety of environmental problems.

As I wrote last year:

Two Democratic governors – Bev Purdue of North Carolina and Mike Beebe of Arkansas – officially petitioned the EPA to grant a waiver from the RFS.  They were joined by a bipartisan group of 26 senators and 156 House members. 

A study by professors at Purdue University quantified the price impact, finding that a strong waiver could reduce the price of corn by as much as $1.30 per bushel. 

Jose Graziano da Silva, the director-general of the United Nations Food and Agriculture Organization weighed in warning: “An immediate, temporary suspension of that mandate would give some respite to the market and allow more of the crop to be channeled towards food and feed uses.”

Most amazingly, Tom Steyer, "the Jolly Green Banker," himself knew ethanol was a total failure from the beginning -- and wondered back in 2010 what took Al Gore so long to figure it out!

STEYER: I know I can see it with other people who are business people—they’re numbers people. All the people who have met payrolls made investments, there’s a very sharp and ruthless measurement system for people like me. It’s just completely different. I saw in the paper the other day that Al Gore was saying that maybe he shouldn’t have been for ethanol. It’s kind of like duh! Did you ever take out your calculator on that one?