Eagle-Chief

Wall Street Breakfast: Must-Know News

Eli - this statement is interesting -
Food could cost 7-9% more next year. Economists say heavy Midwest flooding may cause U.S. food prices to climb 7-9% in 2009. "The U.S. consumer has gotten used to cheap, affordable food," food-industry analyst Fiona Boal says. "Now the goal posts are moving."

The thought of this sicken me. I had an instructor iin college that said "The U.S. could produce enough food to feed the entire world." Although perhaps an overstatement, it was not far from being truth. And with today's technology and modern equiptment, one would think that food production in the world would be in great abundance.

However, government policies make food less affordable. This ethanol thing is sickening. Ethanol is a government sponsored scam that is contributing to the rising cost of food worldwide and is even causing starvation around the world. Mark Perry wrote an excellent one page article about ethanol on Seeking Alpha -
seekingalpha.com/artic....

In the name of "environmentalism" radiacals are pushing these biofuels at the expense of rising food costs and starving peoples.
Sadly, America has become a socialist-elitist nation which has no regard for rightousness or for the welfare of its citizens and the citizens of other nations.

America could be energy-independent - using nuclear energy, American oil, and solar and wind energy. And yes, we and the rest of the world could have cheap, abundant food too.

Oil Companies Paid More Than Bottom 75% of Taxpayers

Mark - it is hard to read anything intelligent into your news article here. It appears that your are as dumb as a rock to insinuate that oil companies pay more taxes to the U.S. government than do the bottom 75% of all U.S. taxpayers. What is your PhD in, you fool? My father taught me long ago that companies do not pay taxes - it is a complete myth to think they do! Let's say that the govenment "taxes" Exxon Mobil or Chevron 100 million dollars a year. Sure, the company pays the taxes, but where do they get the money from, Mark? They surely don't pull it out of their savings accounts. They raise the prices of the goods or services that they are selling - in other words, they pass the costs on to the consumers. So everytime WE, the "bottom 75% of life forms on the planet" go to fill up our gas tanks, WE ARE PAYING THE TAXES ! Governments try to make it sound good for corporations to pay taxes (in lieu of the consumer) but there is no such thing. The consumer pays the costs ultimately. I'm amazed to see that your "bio" says that you are an economics professor. WOW. Get a clue, Mark!