Will biofuels lead America into recession?

Are biofuels causing food price inflation?

Wheat is approaching a staggering $900.00 level as droughts destroy crops throughout the world. In addition, the U.S. government's push to subsidize the conversion of food crops into fuel crops is exacerbating the problem according to reports on CNBC.

Ironically, food price inflation is far more devastating to consumers than is energy price inflation. So, what is the government trying to accomplish? Even worse, food price inflation limits the ability of the Fed to lower rates noted CNBC's Jim Cramer this morning.

I regularly voice my concerns over biofuels, and it seems blatantly obvious that food crop-driven biofuels are not good for America.