If Cash for Clunkers Survives, Will Ethanol Funding Suffer?

TheDailyGreen.com
July 31, 2009 at 6:27PM by Jim Motavalli

The future of both the takeback program and renewable fuels may hang in the balance.

Congress saves the day! It miraculously comes up with $2 billion to save the bankrupt Cash for Clunkers program, which somehow ran through it's meager funding in just four days! But the $2 billion wasn't just lying around--it was effectively hijacked from the stimulus funds intended to provide loan guarantees for renewable fuels. And the ethanol lobbyists aren't too happy.

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