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President Barack Obama's top economic adviser says the crisis in the financial sector has led to an "excess of fear" that must be broken to reverse the economic downturn.
Lawrence Summers, the president's director of the National Economic Council, told a think tank gathering Friday that "fear begets fear" and that "is the paradox at the heart of the financial crisis."
He said an abundance of greed and an absence of fear precipitated the excesses that led to the meltdown that froze credit.
Summers said it was "modestly encouraging" that consumer spending appears to have stabilized after collapsing during the holiday season.
Our single most important priority is bringing about economic recovery and ensuring that the next economic expansion, unlike it’s predecessors, is fundamentally sound and not driven by financial excess.
"Aims to ensure that governments do not use quarantine and food safety requirements as Unjustified trade barriers.. It provides Member countries with a right to implement traceability [NAIS] as an SPS measure." WTO AoA
"..facility owned or operated by a person located in any State that processes food or a facility that holds, stores, or transports food or food ingredients."
September, 1995, USDA's Food Safety & Inspection Service presented a 600-page document Farm-To-Table - control of every step in the food chain from production to home preparation. " FSIS - USDA
"in any action to enforce the requirements of the food safety law, the connection with interstate commerce required for jurisdiction SHALL BE PRESUMED TO EXIST."
"Today a state Ag inspector and two county officials show up and scare the bee-jesus out of me. First they accuse me of selling products and milk, then explain that even "giving milk products away" is illegal in California... They explained it was even ILLEGAL to give it to my own children if they did not live under my roof! I can't even take a lasagna dish to my grown sons home without risk of being fined, arrested and or jailed! This is OUTRAGIOUS!!!!" (note: this is pasturized products NOT raw) Donna Tue Aug 12, 2008 8:37 pm Against NAIS
American Vegetable Grower Magazine: Under Federal Marketing order as per the Fresh Produce Safety Act of 2007. All produce growers will be subject to inspection under guidelines set forth by Wal-Mat, McDonalds and Walt Disney Co. They include “cameras, employee identification,fences with locked gates, security guards, area patrol, unathorized entry signs, etc. All for a lack of management caused by the faliure of gov agencies to control wildlife. This will do for the small produce grower what NAIS will do for small livestock producers.
".....On food safety, Obama said he has ordered the Agriculture Department and the Health and Human Services Department to work more closely and develop better procedures, after a salmonella outbreak traced to peanut processors in Texas and Georgia. The nation needs "better warning signals" from food producers and an ability to track contamination more quickly, he said....." © 2009, The Dallas Morning News.Distributed by McClatchy-Tribune Information Services.
But the truth is that an economic crisis is something to fear, but we have to temper that fear with a positive outlook. It's not black and white. It's somewhere in the middle. We just need to act responsibly, not freak out, keep a level head and get through this thing.
This means Americans will be forced to buy food from international Ag business without any other option. No more buy local. What is more the multiplier effect for farm dollars is seven according to the PEW report. This is because independent farmers spend their money within the rural community. Factory farms on the other hand remove money from the rural community instead. Eliminating independent farmers not only will put them out of work, it will have a trickle down effect to the other businesses supporting farming and the families of farmers
But today, "the dread is chronic. . . . Tom Wolfe's Masters of the Universe were supposed to be invincible. The pillars of media were supposed to be there forever. The lawyers were supposed to feed through thick and thin. Not anymore." He quoted Ecclesiastes: "The heart of the wise is in the house of mourning; but the heart of fools is in the house of mirth." We are worried, he said, "about a way of life, about the loss of upward trajectory."
Originally posted by Benevolent Heretic
Having said that, Obama is damned if he does and damned if he doesn't right now.