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Farm Subsidies Plumb New Depths May 21, 2010

Posted by federalist in Diplomacy, Economic Policy, Government Spending, Markets, Special Interests, Uncategorized.
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Commodity farmers are a tenacious special interest, and the federal government seems to have no shame in pandering to them.

The Obama administration would rather subsidize foreign farmers than reduce domestic subsidies that violate our trade agreements:

Rather than reduce the U.S. subsidies to American cotton farmers that are the cause of the trade fight, the Administration is proposing that U.S. taxpayers also compensate Brazilian cotton farmers for the harm done by the U.S. subsidies. Thus the absurd U.S. cotton program would dip into the Commodity Credit Corporation to pay what is a bribe to Brazil so it won’t retaliate.

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1. Rightwing Links (June 4, 2010) - June 4, 2010

[…] Farm Subsidies Plumb New Depths […]


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