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Why Bush failed to reach a deal on ethanol with Australia

The video above is a collection of blunders Bush made in a speech at APEC. Bush may have also made another blunder by failing to reach an international deal with Australia on ethanol. There were rumors Bush would invite Australia to join an ethanol partnership at APEC. According to one Australian MP, the failure has to do with economic protectionism and America's use of an inefficient feedstock (i.e., corn). Here are the exact quotes by Australian Regional Development Minister Tony Kelly on why the rumored trade deal failed: "The ethanol ... Read more →

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