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Bush Vetoes Farm BillPosted on May 21, 2008
Without batting an ironic eye, President Bush vetoed a $289-billion farm bill, claiming the legislation gives too much money to wealthy farmers. The bill includes steps to spur biofuel use and would expand nutrition programs to help poor Americans buy food. The Democratic Congress is expected to override the veto.
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By Washington-Bubble, May 22 at 5:54 pm #
(Unregistered commenter)
Roman wrote:
“The reason we are not importing Brazilian ethanol is because we do not want a dependence on another country.”
I wasn’t looking at the importing of Brazilian ethanol, although that could be an option perhaps? I was curious as to whether it was a viable option to grow sugarcane verses corn in the US.
Report thisBy Roman Perkis, May 22 at 5:25 pm #
(Unregistered commenter)
The reason we are not importing Brazilian ethanol is because we do not want a dependence on another country. This is foolish. However, it should be appreciated by the liberal audience of this site. Since you are so much against trade and so much for protectionism and subsidies, you have to love ethanol subsidies, regardless of whether they make any sense or not.
I don’t care if GWB signed it, ethanol subsidies is a liberal idea through and through. It basically sums up all tenets of liberal economic policy:
Use money we don’t have to subsidize a stupid industry and justify it by using protectionist rhetoric. Gotta love it!
Report thisBy Washington-Bubble, May 22 at 4:57 pm #
(Unregistered commenter)
Michael Smith wrote:
“The amount of energy obtained from 1 gallon of ethonal fuel, as compared to regular gasoline, is less than 50%. That means more than twice as much ‘bio fuel’ to go the same distance as gasoline. Even if every single bushel of corn were turned into ethanol it woluld only replace 4-6% of Americas fuel needs.”
I agree that corn for ethanol is a poor choice for bio-fuel, (It should be noted that the actually energy produced would be more in the 75% range). What I am curious is why our goverment, who is pushing for corn based ethanol hasn’t taken a look at Brazil who uses sugarcane based ethanol which produces nine times the amount of energy that a gallon of gas does. Brazil does not depend on foreign oil or so the so the story goes. That being said I can only conclude that our climate wouldn’t support the growth of sugarcane or our goverment would prefer to have the US involved in a plan which appears to be a failure..for reasons one can only speculate. CNN had a very good report on this last Sunday.
Report thisBy Crimes of the State Blog, May 22 at 3:47 pm #
Broke nation wants to shovel another $289 billion to agribusiness?
Bush actually tried to put the brakes on?
Weird.
Subsidizing sugar and corn syrup has been disastrous for a bloated, obese population without the nutrition to supply their brains with enough capacity to think straight, or confront moral issues.
I hardly think the bulk of this money will see “poor Americans” or small farmers who are in trouble. This is payola from an out of control congress so corrupt that it isn’t worth typing any more about it.
http://crimesofthestate.blogspot.com/
Report thisBy Gfernandez, May 22 at 2:11 pm #
subsidizing a farmer is one thing, but a agrobusiness is wreckless and cruel. this leads to “dumping” in the third world, which has disasterous implications. I think GW was ok with that part but not the part which helps poor Americans, which is consistent with his philosophy or rather allegiance.
Report thisBy Roman, May 22 at 9:28 am #
(Unregistered commenter)
The complete partisanship of this site is seen by this post.
This is one of the worst bills this Congress has passed. It is overloaded with pork. It gives subsidies to farmers making millions, regardless of how high commodity prices get. Every single economist of note has come out against this bill and yet this site is in support of it because the Democratic politicians (who cannot wait to engorge themselves on this pork) are in support of it.
Report thisBy Conservative Yankee, May 22 at 5:04 am #
(Unregistered commenter)
If we all ()as it seems) more or less agree that the farm bill deserves to die, why are we on the same side as GWB, and opposed to a veto-proof cadre of our representatives in congress.
Smells like Pork at an election year barbecue.
Report thisBy Chris, May 21 at 5:55 pm #
(Unregistered commenter)
For once I have something to agree upon with Bush.
Report thisBy Maani, May 21 at 3:51 pm #
Michael:
True. As well, the production of corn for ethanol is beginning to have a toll on the production of corn for food. Even some of those who were very “pro” ethanol originally are backing away for this and other reasons.
Peace.
Report thisBy jackpine savage, May 21 at 1:47 pm #
I love paying for my food multiple times: once through tax payments, a second time at the grocery store, and probably a third time to cover the interest on the loans to make up for the short fall in tax revenues.
The good news is that bi-partisanship is alive and well..these people can work together to spend our money and screw us over.
Can the rest of the country secede from D.C. and leave it as a little city-statelet?
Report thisBy watchdog, May 21 at 12:40 pm #
(Unregistered commenter)
A household can earn as much as $2.5 million and continue to receive farm subsidies under the bill. You can fix the subsidies without jettisoning the rest - that’s the point.
Report thisBy Michael Smith, May 21 at 12:37 pm #
(Unregistered commenter)
A key group of words in this article are “ bio fuels”. Bio fuels, in the form of Ethanol are a waste of time and money. The amount of energy obtained from 1 gallon of ethonal fuel, as compared to regular gasoline, is less than 50%. That means more than twice as much ‘bio fuel’ to go the same distance as gasoline. Even if every single bushel of corn were turned into ethanol it woluld only replace 4-6% of Americas fuel needs. Once that corn is gone what will be used to make corn flour or animal feeds?
Report thisBy Aegrus, May 21 at 12:29 pm #
Thank you, Maani. These were very informative articles.
Report thisBy samosamo, May 21 at 12:21 pm #
This bill is such a piece of perfect pork because it allows the president to veto something that could make him look good for a change and make congress look bad for overriding the veto.
Report thisYes, the good part is about the nutritional programs but much too much money still goes to elites that live in exclusive sections of big cities and have country homes that come under the part of the bill that pays these ‘poor’ farmers money NOT to grow anything. Hell, even retired professional athletes have gotten in on this scam by buying a ‘farm’ to be subsidized somehow and not have to worry about farm chores, but get free money from the people brought them by our government.
I think there should have been a farm bill and then another bill to handle nutritional programs. And like all bills, that would be the only thing these bills could be about and there should never ever be any last minute additions to promote some thieving congresspersons political and financial careers.
By Maani, May 21 at 11:04 am #
Two alternative views of the bill, from THe New York Times. And while I certainly do not agree with them on everything, there are good points made here.
NYT Editorial:
http://www.nytimes.com/2008/05/16/opinion/16fri3.html? pagewanted=print
David Brooks Op-Ed:
http://www.nytimes.com/2008/05/20/opinion/20brooks.htm l?pagewanted=print
Peace.
Report thisBy Aegrus, May 21 at 10:31 am #
I think there is enough bi-partisan pork in this bill to override a veto. The nutrition programs are by far my main concern, but I really wish we would have better sources for bio-fuels. Corn doesn’t cut it.
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