I really see no reason to support farmers with price controls and soil banks and crop storage contracts either but we do it just the same. As soon as the government gets involved it gets very expensive and it seems the ones the programs are trying to help don't get much out of it.
Government demanded the cars have emmission controls and meet mileage targets and have all sorts of safety devices. Lee Iaccoca said the price of the Pinto would skyrocket from about $2000 up to $10,000 per vehicle. He was right. The Japanese, Koreans, and now the Chinese came along and pretty much use the same technology for free that was developed at great expense by the American auto makers.
Banks should not have to be bailed using government money but they are. The government tolde them to provide easy money to people who probably could not meet the full term of the contract. So they handed out money on bad loans and ruined their own balance sheet and the customers money and all because Willy in the 90's wanted to get the votes.
Does all this make it right? NO, but they will do it anyway.
Evidently we want our government to protect us in every way possible but we don't want the bill for it.
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Today's Featured Article - On the Road with Dave Gohl: Deere Departed Friend - by Dave Gohl. Have you ever had to part with a dear friend? It's not easy. If it's due to death, your feelings could be in disarray for days, months or even years. Even now after almost 4 years, I still miss my dad. I remember when I was a kid my dad sometimes would tuck my brother and I in at night and we would ask him questions about his childhood on the farm. To this day, it's some of the best stories I've ever heard. And now, I'm so glad that I asked those questions, and if I were a little smarter i
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