One other point that should be made about the $9 million du Pont seaweed subsidy: As the release from the Energy Department points out, the program under which it was funded was created by the "America Competes Act of 2007." In signing it, President Bush spoke of the "bipartisan spirit of cooperation" that it embodied. One of Mr. Bush's energy secretaries, Samuel Bodman, is now a du Pont director. It can't be stressed enough that the issues in Washington aren't so much Mr. Bush or Mr. Obama or Democrat or Republican. Both parties and administrations are complicit and participating.
Further on the du Pont Seaweed Subsidy
by Editor | Related Topics: Energy, Reverse Robin-Hood receive the latest by email: subscribe to the free futureofcapitalism.com mailing list