Congress Beats the Oil Company Strawmen to Hide Their Farm Bill Bribes
Yesterday, Democrats in Congress decided to pull up the Evil Oil Executives and make them say why they were earning such obscene profits and asking for large subsidies from the government.
I didn’t follow the testimony carefully, but to my knowledge, none of them asked why the government’s profit margin on a gallon of gas was larger than that made by any oil company. Why just this year, the average tax you’re paying on a gallon of gas is 47 cents. That’s a whopping 14 percent profit for the government based on the current average price of $3.29 a gallon. Your government’s taking a bigger bite out of each gallon of gas than any oil company by a healthy margin.
Seems to me that if your representatives in Congress were really concerned about what you were paying at the pump, they have an easy remedy to knock a few cents off your pain sitting right in front of them. That would, of course, cut the $5,794,392,523.36 each of them have in their direct control this year, so good luck with that. By the way, yes, that’s almost six billion dollars per member of Congress.
That, however, was mere sideshow to draw your attention away from the real business Congress is conducting: the farm bill.
They’re negotiating the Farm Bill, one of the biggest bribe-fests of the year where hundreds and hundreds of millions of dollars go out to companies and individuals who have been good little boys and girls and contributed to their Senators and Representatives every year. The question the MSM never seems to ask aroudn this time every year, curiously enough, is why subsidies are necessary when milk prices are up 26 percent and egg prices are up 40. Why, might we wonder, aren’t the Evil Milk and Egg Executives being hauled in front of a bellicose and ignorant government committee to kowtow appropriately and explain why they are making profit off the of the poor and halt?
A better thing to wonder is why Congress itself isn’t apologizing to us profusely for its stupid ethanol boondoggle that’s driving food prices higher or the farm bribe bill that sends most of its money to those making well over $200,000 a year and a quarter of farm subsidies to people who own property but don’t farm at all. Perhaps we’d get the chance to ask them why so many people living in Manhattan are getting farm subsidies. Is there some sort of rooftop soy crop boom happening that we know nothing about? Better get a reporter in a helicopter to get some shots of those green fields of corn sprouting from atop the skyscrapers!
Yeah, but oil companies are the bad guys here, right?
Right.
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Category: Featured, Our New Democratic Overlords, The Economy and Your Money
Thank you, Jimmie, for bringing this up. Our socialized agriculture policy is shameful. And it is devastating to many farmers in the rest of the world. What is striking is this: in Communist Laos, the farmers there receive no subsidies. They are at the mercy of market forces and our subsidies. The good news for them is that rice prices have doubled in the last year. Maybe they can afford to educated their children now. But those farmers not growing rice are still facing hardships that most Americans can only imagine.
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