The result has been the bankruptcy and closing of three of Iowa's 32 ethanol plants. The industry's old worries of being political targets in environmental- and food-versus-fuel debates has been replaced by a more pressing issue, making a profit and staying in business. The Renewable Fuels Association, ethanol's largest trade group, has approached lawmakers and President-elect Barack Obama's transition team with several proposals for aid to the ethanol industry, including $1 billion in short-term credit to help plants stay in operation and $50 billion in loan guarantees to finance further expansion of the industry.
Things aren't looking so good in the cornfield for ethanol producers. Now they want help just like all the rest. They must not have taken into account there was going to be payback for what Bush did to our country.
Seems that a bunch of company heads have caught a serious (really looks terminal) case of shit-for-brains.
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