Showing posts with label subsidies. Show all posts
Showing posts with label subsidies. Show all posts

Saturday, April 7, 2012

No Big Govt; Less Taxes; Stop Subsidies... I mean unless they're agricultural or for the oil industry; squeals TEXAS!!! The lone star state with its hand out.

Farm Subsidies….Gaines County Texas 2nd largest recipient of Federal Agricultural Funding but votes against Federal Handouts … hmm like farm subsidies…”oh no, we deserve those!”

The political shift hasn’t stopped the flow of payments to the county’s cotton and peanut growers who have relied on aid dating to the 1930s Dust Bowl and Great Depression. Gaines County farmers took $797 million in payments from 1995 to 2010, including price supports, soil-conservation programs and crop- failure compensation, according to a database compiled by Washington-based lobby the Environmental Working Group. That puts it second in the nation behind Fresno County, California, as a recipient of federal funds.

Farmers use the programs mainly to give banks confidence that the loans to finance planned crops will be paid back regardless of weather or commodity prices, says Delmon Ellison, Jr. who farms 4,000 acres of cotton, peanuts and wheat in the area.

Saturday, March 31, 2012

Lies, Lies and more Lies


The Senate on Thursday could not produce the 60 votes necessary to pass a bill eliminating $2.5 billion a year of oil industry subsidies. This is a minuscule amount for an industry whose top three companies in the United States alone earned more than $80 billion in profits last year.

In the last year, the oil industry spent more than $146 million lobbying Congress. In Thursday’s vote, senators who voted to preserve the tax breaks received more than four times as much as those who voted against.

Voters in Michigan, Virginia, Florida, Ohio, Iowa, Nevada, New Mexico and Colorado will hear a 30-second spot peddling the oil industry’s misleading arguments against the Obama administration’s energy policies — including the fiction that those policies have led to higher gas prices: “Since Obama became president,” it says in part, “gas prices have nearly doubled. Obama opposed exploring for energy in Alaska. He gave millions of dollars to Solyndra, which then went bankrupt. And he blocked the Keystone pipeline, so we will all pay more at the pump.”

Four sentences, four misrepresentations. Gas prices, tied to the world market, would have gone up no matter who was president. Mr. Obama has not ruled out further leasing in Alaskan waters. Solyndra, a solar panel maker, is the only big failure in a broader program aimed at encouraging nascent energy technologies. The Keystone XL oil pipeline has nothing to do with gas prices now and, even if built, would have only a marginal effect.