We are also seeing the usual quadrennial pilgrimage of supposedly fiscally conservative Republican presidential candidates to Iowa, where they swear eternal fealty to farm subsidies generally, but, even worse, to ethanol subsidies in particular.
Perhaps the most revolting example of this spectacle was former House speaker Newt Gingrich's claim that opposition to ethanol subsidies and mandates stems from "big city" folks who just don't like farmers. But Gingrich is hardly alone.
The level of hypocrisy is breathtaking. For example, conservatives rightly denounced government subsidies to business when the auto industry was at issue. Why, then, are subsidies a good idea when directed to, say, Archer Daniels Midland?
Read the rest of Michael Tanner's article
at Cato.org
Michael D. Tanner is a senior fellow at the Cato Institute
This article has been cross-posted to The Humble Libertarian
This article has been cross-posted to The Humble Libertarian
2 comments:
The co-opting of the 10th Amendment, during war time, under FDR, (surprise! surprise!) enabled all of this farm subsidy hocus-pocus in the first place.
Now, like most of the FDR legacy, it haunts us to this very moment in US history, because this radical departure from the framer's intent of limited government, is the foundation upon which Obamacare is wholly erected. I wish the Supremes would have heard this case yesterday before Scalia or one of his pals gets clipped by a DC taxi. Our nation is one Supreme heartbeat away from being OVER.
The myth that the country's farms are mom and pop operations persists to this very day and the idea that we will all somehow starve if politicians stop subsidizing them is pathetically perpetuated because of it.
It's large agri-business that gets the cash and gives it back to the elected criminals in the form of campaign "donations." (kickbacks)
It's nothing more than crony capitalism and Republicans are as guilty as Democrats.
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