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Like energy bill, stimulus package misses the target

02/11/2008
The economic stimulus initiative pushing its way through the US Congress has much in common with last year’s energy bill. It’s superficial and insufficient, probably harmful.The Energy Independence and Security Act of 2007 hiked the mandate for renewable vehicle fuel and raised fuel-economy standards for new cars and trucks.The worst part of the new law isn’t that it will raise vehicle prices; there’s at least compensation in the hope for improved mileage. The worst part isn’t even that an elevated ethanol mandate will boost prices of food and fuel, aggravate air pollution in some areas, and sap federal and state treasuries without delivering on promises abou...
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