Wednesday, March 13, 2013

Will Obama Bailout Crony Sugar Processors?

The USDA is mulling buying 400,000 tons of sugar to prevent defaults by sugar processors. Sugar prices have fallen dramatically since the USDA began a government price-support program, and loaned $862 million to the processors, reports WSJ.
at 10:32:00 AM
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3 comments:

  1. Capn MikeMarch 13, 2013 at 11:52 AM

    Aaah Dueling Parasites!

    ADM vs Florida Crystals!!

    Bring Popcorn!!

    But wait, what if it's a win-win?? Sheeeeit...:(

    ReplyDelete
  2. UnownedMarch 13, 2013 at 3:25 PM

    I am curious...
    I thought government interference in a market usually results in higher prices. Why is that not the case here?

    ReplyDelete
  3. DMarch 13, 2013 at 7:21 PM

    They'll just have to get the CIA to mix more of it with their cocaine shipments, decreasing the supply of sugar. Nose candy!

    ReplyDelete

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