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Campaigning in Missouri Valley, Iowa, yesterday, President Obama announced yet another government spending program -- this time designed to inflate meat prices in Midwest swing states. "Today the Department of Agriculture announced that it will buy up to $100 million worth of pork products, $50 million worth of chicken, and $20 million worth of lamb and farm-raised catfish," Obama explained to reporters in front of a drought-stricken cornfield.
"Prices are low, farmers and ranchers need help, so it makes sense," Obama explained. "It makes sense for farmers who get to sell more of their product, and it makes sense for taxpayers who will save money because we're getting food we would have bought anyway at a better price."
None of this makes sense. In fact, Obama's move only harms American consumers while protecting a corrupt federal program.
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.
The corn they use for ethonal (field corn/dent corn) and the corn you eat (sweet corn) are very different strains of corn the type used to make ethonal is disgusting and only used for animal feed and the like. So to say corn used to feed people will decrease because it is being routed to make ethonal a big fat lie feed to you by those whose pockets it cuts into.
The average price of ground beef hit a record high in the United States in July, according to data released Wednesday by the Bureau of Labor Statistics.
The BLS has been tracking the average price of a pound of 100% ground beef since 1984. In July, it cost $3.085, up from $3.007 in June.
Prior to June, the average cost of 100% ground beef in the United States had never topped $3.00.
Since January 2009, the price of ground chuck has outpaced overall inflation. Had it tracked overall inflation, it would be $3.16 per pound now instead of approximately $3.45.
Ethanol is more corrosive and burns hotter than gasoline, properties that could cause some engines to stall, misfire and overheat. Fuel with higher ethanol blends emits more nitrous oxide and formaldehyde than gasoline, lowers mileage and damages fuel tanks and pumps.
"Instead of approving a fuel that will pose health and safety hazards and damage engines, the U.S. should invest in energy efficiency measures and research and development for truly sustainable biofuels," said Karpf. "The high cost of replacing or repairing engines will be tacked onto corn ethanol's other costs -- including higher food prices, increased soil erosion and polluted water supplies."
Originally posted by chiefsmom
I thought I heard on the news this morning that they were also going to purchase beef, for community food banks and other government programs.
Is this going to make a shortage then, of low price beef, to the middle class that could really use a deal?
Originally posted by beezzer
Maybe it's the painkillers, but I'm not getting it.
Obama spent 100 million so we don't have to pay higher prices on meat?
I don't understand.
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. Obama could eliminate the entire problem overnight and reduce carbon emissions were he to waive the ethanol mandate in a time of drought. Instead, he is creating a new spending program to mollify livestock producers, who, were it not for the ethanol mandate, would be able to make an honest living without his help.
Originally posted by Ladysophiaofsandoz
The corn they use for ethonal (field corn/dent corn) and the corn you eat (sweet corn) are very different strains of corn the type used to make ethonal is disgusting and only used for animal feed and the like. So to say corn used to feed people will decrease because it is being routed to make ethonal a big fat lie feed to you by those whose pockets it cuts into.