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boondoggle
In the "No Kidding, Where Have You Reporters Been?" Category:
Gee, corn-based Ethanol takes more energy to produce and ship than it offers?
http://www.msnbc.msn.com/id/23057867
Not as if free market economists missed that. Just read Gardner Goldsmith's book, "Live Free or Die" and you'll see they've been talking and writing about it for a loooooong, looooong time. But that's okay, President Elect McCain would like the federal gubment to divert more of our productive economy into this boondoggle.