Home / Congress / $970 Billion Bailout Bill Passes a Key Senate Committee. Congress Will Vote for It. Obama Will Sign It.
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$970 Billion Bailout Bill Passes a Key Senate Committee. Congress Will Vote for It. Obama Will Sign It.

Written by Gary North on June 15, 2012

When the U.S. government passes a bailout bill worth close to $1 trillion, you might think this would be front-page news. It isn’t.

You might think Republicans would be fighting it. They aren’t.

Why not? Becquse it’s that old favortite, agribusiness.

In the name of helping the small farmer, the agrigribusiness industry lives high on the hog. It lives on the federal tit.

This will never change until the Great Default.

The bill covers five years, so it’s really a “mere” $194 billion a year.

It covers food stamps. It covers crop insurance: zero-risk pricing of crops. It’s pork. Literally.

The promoter of this system of government-subsidized agriculture is being hyped by the Senate Agriculture Committee is a “new, improved” system of facism. (Fascism is what it is: the alliance between big busibess and big government.

Supposedly, it’s much more free market today. The Chairwoman of the committee proclaims: “The Farm Bill before us today makes major reforms. We are cutting subsidies. We are ending direct payments. We cut the deficit by over $23 billion.”

It’s pure pork. It’s Crisco for agribusiness.

The senior Republican on the Agriculture Committee insists: “They’re real cuts. They are real deficit savings.”

Right. Count $970 billion in bailout money as savings. I believe!

This has been going on since Roosevelt’s New Deal. It will not change. We do not have a free market in agriculture. We have a fascist system. The voters do not care. The farmers pretend they are not wards of the state. The voters pretend that they are not subsidizing inefficiency. They also do not understand that they pay more for food because of this fascist system.

Everyone is just fine with the arrangement. No one pays any attention.

The Senate bill is likely to be larded by the House of Representatives.

Then Obama will sign it. It’s an election year. He does not want to lose the farm bloc vote. It is made up mostly of urban residents in farm states who overpay at the supermarket for food.

Continue Reading on www.npr.org

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9 thoughts on “$970 Billion Bailout Bill Passes a Key Senate Committee. Congress Will Vote for It. Obama Will Sign It.

  1. sean murry says:

    We have spineless jelly fish in the republican ranks time to raise hell.

  2. roymcdade says:

    You cry and complain when things don't go your way. You talk of how these Republican congress people are RINO'S. Do you realize that soetero would NOT have one dime to spend without the House giving to him…There is not ONE THREAD of difference between a republican and a democrat, the only person who thinks so IS YOU…Get you head out of you butts and do something about it before it's TOO LATE (Martial Law). EVERYONE must vote each and EVERY INCUMBENT out of office, republican and democrat, NO EXCEPTIONS… PERIOD. soetero has been setting up FAILURE for this Country since winning office and he has almost accomplished his goals. We The People CAN and MUST STOP him this election We MUST HAVE a Congress with CHUTZPAH who is READY TO IMPEACH SOETERO IF NECESSARY….. OTHERWISE, YOU GET WHAT YOU DESERVE.

  3. the DOA should be DOA as with all the other DO's that keep sucking up our money

  4. Navy Vet says:

    Does anyone REALLY believe this money will ever get to the farm industry? Three guesses and the first two don't count. This money will be LAUNDERED just like the money that went to so-called "green companies."

  5. This is UNBELIEVABLE!!! We must vote to remove these RINOs who have no interest in mind except themselves!!!! All House of Representatives must run in NOVEMBER……….Start looking closely at how your Rep votes….these people must be replaced with common-sense conservatives and I include the WH occupant as well. Our democratic Republic must be saved or we will be stuck with communism for many years to come!!!!!

  6. As hard has your 'pill' is to swallow I am afraid you are right.

  7. LA is Great says:

    I used to think well of farmers, the backbone of our country now they are no better that the inner city hoods and illegals stealing money from the taxpayer!!

  8. 1. Listen to TruNews with Rick Wiles.
    2. Listen to The PowerHour with Joyce Riley.
    3. Don't vote for ANY evil (greater or lesser).

  9. momapeg01 says:

    Right on.