The Wall Street Journal reported alarming news today:
"Some of America's biggest food companies say the U.S. could "virtually run out of sugar" if the Obama administration doesn't ease import restrictions amid soaring prices for the key commodity.
In a letter to Agriculture Secretary Thomas Vilsack, the big brands -- including Kraft Foods Inc., General Mills Inc., Hershey Co. and Mars Inc. -- bluntly raised the prospect of a severe shortage of sugar used in chocolate bars, breakfast cereal, cookies, chewing gum and thousands of other products.
The companies threatened to jack up consumer prices and lay off workers if the Agriculture Department doesn't allow them to import ..."
Oh, the humanity!!! Crazed chocoholics running wild in the streets because they can't get their fix. Dentists selling apples on the streets because of lack of teeth to drill and fill.
Actually I have to apologize here. The sugar import quotas are not just President Obama's fault. They're the fault of every president and every congress since the 1930's. Sugar farmers here in the U.S. have effectively been on welfare since then. Sugar import quotas are a nifty little hidden tax on everybody who eats or drinks junk food and beverages. The rich sugar growers live high on the hog as a result of that hidden tax, and they naturally share some of their wealth with the politicians who make sure the trough stays full. In this case Uncle Sam really is Uncle Sugar.
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