Did obama just throw the election?

Discussion in 'Politics' started by Katzndogz, Aug 15, 2012.

  1. Katzndogz
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    Katzndogz Diamond Member

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    If he belives that jacking up food prices just before the election will benefit him that's just a misjudgment, but if he knows that skyrocketing food, on top of skyrocketing energy will doom his reelection he has to be doing it deliberately.

    Examiner Editorial: To protect ethanol, Obama seeks to inflate meat prices | WashingtonExaminer.com

    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.

    Thanks to the ethanol mandate, more than 40 percent of the nation's corn crop now goes into the production of a useless fuel that hardly anyone would buy if the government didn't require it. That's up from just 17 percent in 2005, before the mandate went into effect. Only 36 percent of the corn crop now goes for feed, and 24 percent goes for food.

    To recap, government is driving up the cost of food, animal feed and gasoline, and Obama's solution is to drive up meat prices as well.

    Instead of letting producers sell their meat on the open market at lower cost, the government will buy up that food causing prices to rise out of the means of most average people.
     
  2. Moonglow
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    Moonglow Diamond Member

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    so the ethanol corn didn't dry up also?
     
  3. PixieStix
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    PixieStix Coal Member Supporting Member

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    Maybe he will postpone it after he sees that it is not popular by people who want to eat. Then he can reinstate his policy AFTER the election :thup:

    Like he is doing with the medicare advantage program
     
  4. Katzndogz
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    Katzndogz Diamond Member

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    The concept of supply didn't make it into your class did it?

    The 40% doesn't change. The total amount of what corn is available is what changed. The less corn available for all purposes means that most of the corn produced goes for ethanol leaving little available for food.
     
  5. g5000
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    g5000 Diamond Member

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    Bush and the GOP Congress created a new special interest group in 2005 when they established the federal ethanol mandate. You have to ask yourself what Bush and the GOP Congress got from creating a new special interest group and centralized planning instead of sticking with a free market economy. Hmmm...

    Because of that mandate, some businessmen invested in ethanol manufacturing. And that sector is now a part of our infrastructure. This means they will fight tooth and nail to keep their federally mandated supply chain intact.

    Obama is triangulating. What will get him more votes? Preserving Bush's ethanol mandate or not preserving it.

    Apparently he has decided keeping the ethanol special interest group happy is more beneficial to him, just like it was for Bush.

    So much for free market economy vs. central planning.

    We lose.
     
    Last edited: Aug 15, 2012
  6. Moonglow
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    Moonglow Diamond Member

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    You can thank Iowa and the farmers for the change, they knew what they were doing when they got the states to push for ethanol. Try not to blame Obama for something he didn't do. Obama is not in control of the weather,and many farmers I live and work by are not selling off their cattle.
     
  7. tererun
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    tererun BANNED

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    Do you really think Obama chooses the prices for food and gas? It is not like he owns the businesses and chooses the prices.
     
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  8. Katzndogz
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    Katzndogz Diamond Member

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    obama is both powerless and senseless and cannot determine a state of emergency which would lead the ordinary person to conclude that ethanol mandates put in place during record or even ordinary times are harmful right now.
     
  9. Moonglow
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    Moonglow Diamond Member

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    It is what the farmers wanted, and they have wanted to do it for a longtime. Do you hear the farmers bitching, no. So if you want try being a farmer, and not a bitcher.
     
  10. Katzndogz
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    Katzndogz Diamond Member

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    Not only is obama going to keep the ethanol mandates in place, but he will also buy up the available food to drive up costs even further.
     

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