Comments on: Senate Voted on Fiscal Cliff Bill Three Minutes After Receiving It

By: aphrael

aphrael — Thu, 03 Jan 2013 21:45:51 +0000

I think your characterization of the dairy c liff is a bit off.

The issue is not that subsidies are artifically holding down dairy prices which would otherwise be higher under true market conditions. That *may be true*, but that’s not why the farm bill expiration would have caused prices to rise, and the result would not have been a free market.

The 1949 Agricultural Act requires the Secretary of Agriculture to set a price floor for milk and requires the DoA to buy enough milk to prop the price up to that level. The recurring farm bills since then have temporarily suspended this requirement, but the expiration of the farm bills restores the 1949 rule.

The 1949 Act establishes rules that the AgSec must follow in setting these prices, and the estimate is that if those rules are followed, the support price for milk would be four times the support price under the farm bill (and twice the current market price).

By: narciso

narciso — Thu, 03 Jan 2013 14:40:38 +0000

It was a scam to benefit blue states, over red;

http://www.nytimes.com/2013/01/03/your-money/piecing-together-a-tax-plans-effects.html?hp&_r=0

By: Tom

Tom — Thu, 03 Jan 2013 12:57:16 +0000

I said it from the beginning and I’ll say it now, this president is out to bring this country down which ever way he can. It’s that simple. Why is it so difficult for these so call analysis to see it? God help us.

By: JD

JD — Thu, 03 Jan 2013 02:29:46 +0000

NeksonK is the newest iteration of one of the regular old banned trolls. New year, same nonsense.

By: narciso

narciso — Thu, 03 Jan 2013 02:22:41 +0000

Now we’re buying our own bonds, because the Chinese are ‘skittish’ to keep buying, how did that official
in that SNL sketch put it?

By: NelsonK

NelsonK — Thu, 03 Jan 2013 02:19:20 +0000

I just figured he’d like to hear his own turn of phrase. But things are certainly quite different now.

By: SPQR

SPQR — Thu, 03 Jan 2013 02:17:27 +0000

Evolved? What utter horse manure.

By: NelsonK

NelsonK — Thu, 03 Jan 2013 02:16:40 +0000

“I dream of a genuine journalist having a sit down with POTUS and asking him to read his own former statement aloud, and asking him to elaborate, at length, as to why he position…evolved.”

Seems pretty simple to spin. The economy has… evolved … quite a bit since 2006.

Then again the other spin is much more cynical — the debt limit always goes up and the party out of power always complains.

By: askeptic

askeptic — Thu, 03 Jan 2013 01:45:19 +0000

Someone was thinking with her t.ts again.

By: Mike K

Mike K — Thu, 03 Jan 2013 01:23:17 +0000

We are all wrong about the election.Kirsten Powers, former girlfriend of Anthony Weiner and Fox News contributor, said that Obama voters were “thoughtful intelligent people.”

I take back everything I have said about them. She says he saved us from another Great Depression.

Who knew ?