Campaigning in
Missouri Valley, Iowa, yesterday, President Obama announced yet another
government spending program -- this time designed to inflate meat prices
in Midwest swing states. "Today the Department of Agriculture announced
that it will buy up to $100 million worth of pork products, $50 million
worth of chicken, and $20 million worth of lamb and farm-raised
catfish," Obama explained to reporters in front of a drought-stricken
cornfield.
"Prices are low, farmers and ranchers need help, so it makes sense," Obama explained. "It makes sense for farmers who get to sell more of their product, and it makes sense for taxpayers who will save money because we're getting food we would have bought anyway at a better price."
None of this makes sense. In fact, Obama's move only harms American consumers while protecting a corrupt federal program.
A drought is currently driving down corn production. The shortage of feed is forcing livestock producers to slaughter animals early, putting downward pressure on meat prices in the short run and guaranteeing shortages and higher prices next year. But nature is not the biggest factor in this crisis -- the government is. Specifically, the federal government's ethanol mandate, which requires that 13.2 billion gallons of corn-based ethanol be produced in 2012.
Read more: http://republicbroadcasting.org/index.php?cmd=news.article&articleID=4021
"Prices are low, farmers and ranchers need help, so it makes sense," Obama explained. "It makes sense for farmers who get to sell more of their product, and it makes sense for taxpayers who will save money because we're getting food we would have bought anyway at a better price."
None of this makes sense. In fact, Obama's move only harms American consumers while protecting a corrupt federal program.
A drought is currently driving down corn production. The shortage of feed is forcing livestock producers to slaughter animals early, putting downward pressure on meat prices in the short run and guaranteeing shortages and higher prices next year. But nature is not the biggest factor in this crisis -- the government is. Specifically, the federal government's ethanol mandate, which requires that 13.2 billion gallons of corn-based ethanol be produced in 2012.
Read more: http://republicbroadcasting.org/index.php?cmd=news.article&articleID=4021
No comments:
Post a Comment