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McCain Tailors Message for Corn Country

Jul 31, 2020
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OMAHA, Neb. — At a fund-raiser here last night at the Strategic Air and Space Museum — which celebrates the area’s Cold War history as the nation’s strategic air command center in the event of nuclear war — Sen. John McCain spoke to about 150 wealthy donors. The presumptive Republican nominee’s comments were more significant for what was missing, than what he actually said.
First, while McCain praised ethanol as one key to weaning the United States from its dependence on foreign oil — he joked that he drinks "a glass of ethanol every morning before breakfast" — there was no mention of his opposition to ethanol subsidies, which is a regular part of his stump speech. This isn’t surprising, considering ethanol is big business here. Accordingto the Nebraska Ethanol Board, "there are currently 22 ethanol production plants in Nebraska, producing over 1.5 billion gallons of ethanol each year." Nebraska is second only to Missouri in ethanol production. In 2006, corn ethanol subsidies totaled $7 billion.
Second, there was no mention of the farm bill, to which McCain also regularly declares his opposition on the trail. Nebraska is the nation’s fourth-largest recipient of farm subsidies. The state received$10.4 billion in subsidies between 1995 and 2006.
Clearly, there is a little less straight talk when the Arizona senator’s stump speech and a state’s economic vitality are in opposition to one another.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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