Skip to comments.Obama's Payoff To Brazilian Cotton Growers
Posted on 04/29/2010 6:43:06 PM PDT by raptor22
As a candidate for president, Barack Obama talked a lot about "fair trade." Unlike free trade, which is an objective concept, fair
trade is vague and provides wiggle room to adjust to the political interests of individual politicians. President Obama's interpretation of fair trade is shaking out, and it entails paying hundreds of millions in taxpayer dollars every year to subsidize the Brazilian cotton industry. Sending big bucks to Latin American competitors probably isn't what most Americans consider fair.
The genesis of this example of stupid government rests with a Brazilian protest against farm support and export-credit guarantees that U.S. cotton growers get from Washington. Brazil won its case last year before the World Trade Organization, which ruled that U.S. cotton subsidies violate international trade agreements. Rather than cutting subsidies to American cotton growers, Mr. Obama's solution was to buy off the Brazilians to drop their case. The bribe came in the form of an annual payment of $147.3 million that the United States will send to Brazil to prop up its cotton producers.
(Excerpt) Read more at washingtontimes.com ...
ITS NOT OBAMA’S MONEY....OBAMA’S IS NOT PAYING FOR ANYTHING
The list, ping
What was a little tax on tea compared to the outrages we read about daily?
Please let me know when you get tired of “thank yous”. [Grin]
[Now past 140 posts and links]
And adding this to Monster Ping:
ITS NOT OBAMAS MONEY....OBAMAS IS NOT PAYING FOR ANYTHING
we've all heard its from Obama's stash!!! ;)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.