Daily Archives: 14 August 2012

Winston Churchill’s Advice to Americans

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OK, actually he was talking to his party about how to talk with the British public at the end of WWII, but the advice is valid here, too.  Republican Presidential Candidate Mitt Romney’s choice for his Vice Presidential running mate indicates that he’s following the first part of Churchill’s advice.  Now the team needs to follow the rest—that seems to be their intent—and we need to support them in that.

This is no time for windy platitudes and glittering advertisements.  The Conservative Party had far better go down telling the truth and acting in accordance with the verities of our position than gain a span of shabbily-bought office by easy and fickle froth and chatter.

All my experience of the British people, which is a long one, convinces me that never at any moment more than this have they wished and meant to face realities, and woe betide those public men who seek to slide into power down the slippery slope of vain and profligate undertakings.

This is no time for humbug and blandishments, but for grim, stark facts and figures, and for action to meet to immediate needs.

What he said.  Americans aren’t as dumb as the Progressives insist on making us out to be.

 

h/t Power Line

Subsidy and Food

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Here are some minor facts concerning a particular subsidy, courtesy of an The Wall Street Journal op-ed.

USDA lowered its 2012 corn forecast by 13% from last year’s, to 10.8 billion bushels, the shortest harvest since 2006, even though the planted acreage is the highest since 1937 and 4% more than last year.

only 24% of the corn crop is in good or excellent condition in the 18 major corn belt states, down from 72% just since June.

USDA’s world agricultural outlook board estimated that global corn consumption will be reduced by 38.9 million tons, with US problems responsible for ¾ of the shortage.

As a result,

Corn futures are up nearly 50% over the last six weeks.  The US accounts for 60% of global exports, and corn feeds cows, pigs, chickens, and humans through its role as a key ingredient in a broad range of foods.

Those corn futures will be realized as actual, sharp price increases that consumers will pay.  The price increase wouldn’t be so bad, but for a certain Federal subsidy.

The food-to-fuel mandate, Renewable Fuels Standard, requires 13.2 billion gallons of ethanol to be blended into the gasoline supply this year, rising to 36 billion gallons by 2022.  Fully 40% of 2011’s corn production went to ethanol, and courtesy of our EPA (though the subsidy originated in an earlier administration), and now more corn is devoted to fuel than to livestock or other foods.

But not to worry.  Despite the drought, the resulting corn crop failures, and the succeeding price increases driven by the crop failure, despite all of these hardships and negative impacts on the food supply, the ethanol makers got theirs.  The Renewable Fuels Association put out a statement, without a trace of irony, that there’s no danger of an ethanol shortage:

obligated parties under the RFS will have every opportunity to demonstrate compliance this year.

Helps to have your priorities straight.