Sugar Bailout Is Govt. Policy at Its Worst: Hypocritical and Stupid

[The Straight Story]

In one of the dumbest, most counter-productive, anti-free market moves in recent history (which is saying a lot), the U.S. government is considering a bailout of the sugar industry.

In an effort to prop up sugar prices, which have fallen 18% since October, the USDA is considering buying 400,000 tons of sugar -- or enough to make 142 billion Hersey’s Kisses -- The WSJ reports.

Of course, there’s nothing new about government support for the sugar industry: The government has been lending money to sugar producers since the 1934 Sugar Act.

But reports of this latest bailout are particularly galling considering the backdrop of a debate in Washington over how to address the nation’s long-term deficit and the ongoing “War on Obesity” being waged by policymakers.

http://finance.yahoo.com/blogs/daily-ticker/sugar-bailout-govt-policy-worst-hypocritical-stupid-160731070.html?l=1

[Southerner]

1. That is the primary problem with bailouts.

Once you bailout one industry, they ALL want a bailout. Same thing with tax deductions.