Yes, I oppose subsidies. Not just ethanol subsidies. Subsidies. And not just in Iowa either. I oppose them in my own state of Arizona. I am a proud of the conservative tradition that the government can sometimes best serve the interests of the American people by knowing when to stay out of their way. And I've always been reluctant to grow the size of government to do the business of the American people for them or to favor one industry over another or because one sector of our economy has better lobbyists than another. I want the government to do its job, not your job, to do it better and to do it with less of your money. I want our economy to grow, not the size of government. And I don't want government to divert resources from the growing industries that hold the key to America's continued economic success. Excessive and intrusive regulation undermines the flexibility needed for business success.Amazingly, McCain's remarks came at a campaign stop last fall in ethanol subsidy-heaven: Iowa!
There is no economic force on this globe that is stronger than free people. Entrepreneurs lie at the heart of innovation, growth, and advancing prosperity. Entrepreneurs should not be shackled by excessive regulation that raises the cost of business. Entrepreneurs should not be disadvantaged by earmarking and pork-barrel spending that favors politically connected competitors.
I trust Americans, I trust markets and I oppose subsidies. As President, I'll propose a national energy strategy that will amount to a declaration of independence from the risk bred by our reliance on petro-dictators and our vulnerability to the troubled politics of the lands they rule. That strategy won't be another grab bag of handouts to this or that industry and a full employment act for lobbyists.
Yes, that means no ethanol subsidies. But it also means no rifle-shot tax breaks for big oil. It means no line items for hydrogen, no mandates for other renewable fuels, and no big-government debacles like the Dakotas Synfuels plant. It means ethanol entrepreneurs get a level playing field to make their case -- and earn their profits.
(via Weekly Standard blog)