Obama's Rich Revelation

Dragoon68 · Nov 27, 2008

Obama's Rich Revelation

Remind me how many years this outrageous farm subsidy program has been in place and who loves it so much they'll never let it go?

Here's another "perfect" example of government meddling in private industry that creates an artificial economic environment for farming.

It's the same thinking that would desire to keep the home ice delivery man employed in that trade generations after we have electric refrigeration.

It applies to the farmer, or the auto worker, or the banker, or the politician, or any other group.

Revmitchell · Nov 27, 2008

I am not sure how this is meddling Why are those making this much money receiving tax payer subsidies?

Either way I doubt Barry will apply it to debt or just stop spending it. Most likely he will use it toward one of his unconstitutional entitlement programs. Not really any change.

windcatcher · Nov 27, 2008

Is this what your singing over:

Barack Obama yesterday introduced his new White House budget director, Peter Orszag, vowing to conduct a "line by line" review of the federal fisc. Most incoming chief executives promise that sort of thing. But here's a detail that really caught our eye: As part of his plan to kill government programs "that have outlived their usefulness," the President-elect singled out farm subsidies for the rich.
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Or is it this which is part of the same story:

However, there is the small matter of where Senator Obama was on this issue when we really needed him. The 2008 farm bill -- which set national policy for five years -- was a perfect chance for real change thanks to surging crop prices, record farm income and a President unconcerned about re-election.

President Bush actually sought a $200,000 annual income cap on subsidy payments, but Congress couldn't bring itself to vote on anything below $750,000. And even that got killed by the likes of Senate Budget Chairman Kent Conrad, who as it happens helped Mr. Orszag get his current job running the Congressional Budget Office. The Members ended up passing a $300 billion bill in which nearly every crop, from corn to sugar, won subsidy increases. Mr. Bush vetoed it in May but was overridden.

The vote in the Senate was 82 to 13. Mr. Obama missed the roll call, issuing a campaign statement saying that the bill was "far from perfect" and would have preferred "tighter payment limits." However, he added that "with so much at stake, we cannot make the perfect the enemy of the good." And he [Mr.Obama] then went on to rake Mr. Bush and John McCain (who opposed the bill) for "saying no to America's farmers and ranchers, no to energy independence, no to the environment, and no to millions of hungry people." In other words, given the chance to support cuts in farm subsidies for the rich, Mr. Obama chose instead to attack his Republican opponents for doing precisely that.
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Hmmmmmm............ politics over principal .......maybe? Nah...... that can't be it!

windcatcher · Nov 27, 2008

I meant to say, and now will add....
Thank you muchly for posting this.
Informative!

Obama's Rich Revelation

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Obama's Rich Revelation

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