The Mudcat Café TM
Thread #112252 Message #2374297
Posted By: Q (Frank Staplin)
25-Jun-08 - 06:10 PM
Thread Name: BS: McCain Right, Obama Wrong on this one
Subject: RE: BS: McCain Right, Obama Wrong on this one
Who is "screwing with the world economy and food supply?"
U. S. corn subsidies amounted to $56.2 billion dollars from 1995-2006. See http://farm.ewg.org/farm/progdetail.php?flps=00000&progcode=corn Congress approves $190 billion farm subsidy package. Christian Science Moniter and news agaicies U. S. Corn subsidies devestating to Mexican farmers- see www.organicconsumers.org/corn_subsidies.cfm Amazon deforestation and fires are being aggravated by U. S. farm subsidies... See www.enn.com/ecosystems/article/28859 EU joins WTO complaint against U. S. corn subsidies. See www.iht.com/articles/2007/01/22/business/wto.php
McCain blasts U. S. corn subsidies, saying the planting of corn for use in ethanol has added to a sharp spike in global food prices. Where is Obama, on this? International Herald tribune-New York Times, June 16, 2008. See http://www.iht.com/articles/ap/2008/06/15/america/LA-POL-Brazil-US-McCain.php
Canadian corn case- Argentina and Brazil have joined Canada in a WTO complaint against the Unted States over what they claim are illegal government handouts to American corn growers... http://www.farmpolicy.com/?p=106 etc. etc.
What has the U. S. done about the oil and grain futures market other than complain a bit? A lot of speculators have made fortunes. Some may even pay a few taxes on their gains. But they are contributing to starvation and turmoil. Neither McCain nor Obama say much about this.
Now who is "screwing with the world economy and food supply?" The U. S. as usual, stinks in this regard as much or more than "the oil producing nations." Canada is the largest supplier of oil and natural gas to the United States. Finally, it is getting a little of its own back in that regard.