Showing posts with label subsidies. Show all posts
Showing posts with label subsidies. Show all posts

Sunday, February 10, 2008

Huckabee's Farm Subsidy Dilemna

Huckabee is well known for his own struggle with obesity and his emphasis on helping keep America healthy by fighting obesity.

Of course he also loves farm subsidies like a fat boy loves cake.

And it looks his admirable desire to fight global warming isn't helped by his advocacy of ethanol.

And of course, his concern for the poor in Africa isn't helped by these farm subsidies either.

I really like Mike Huckabee, but on this issue he couldn't be more wrong. It's pretty clear John McCain will be our next GOP candidate, but I think this is an example of why Gov. Huckabee is unfortunately not qualified to be a heartbeat away from the oval office.

Who is the candidate willing to stand up for a sensible farm policy?

Friday, January 25, 2008

When Taxpayer-Funded Insurance Turns Catastrophic

Rudy Giuliani keeps touting his plan for National Catastrophic Insurance. It's supposed to help people out in case of catastrophe, but I wish someone at the debate last night had asked this:

Could this sort of tax-payer funded insurance actually worsen the results of a hurricane by creating perverse incentives for developers to build in high-risk areas, while damaging the ecological integrity of natural barriers such as barrier islands, dunes and wetlands?

Former congressman Tom Evans of the Florida Coalition for Preservation this summer wrote:

Action is needed at the federal and state levels to better protect taxpayers from paying the tab for irresponsible coastal development that damages the environment and endangers our citizens.

When President Reagan signed the Coastal Barrier Resources Act in 1982, which I had the honor of sponsoring in the Congress, we told developers point-blank that "if you develop on these fragile barrier islands, you should do so on your own nickel and not the American taxpayer." In that spirit, Congress should consider expanding the Coastal Barrier Resources Act to eliminate all federal subsidies, including federal flood insurance or transportation funding, going to high-density developments on storm-prone barrier islands where such development explodes the population of a small area and dangerously stresses the surrounding infrastructure.

State lawmakers also have an important role. They should enact a policy similar to the Coastal Barrier Resources Act and ban state subsidies to new construction on barrier islands where such new construction greatly increases the population density of a small area.

If Florida truly wants to pave the way for a national catastrophe fund to spread the risk of natural disasters across the country, the state should lead by example. The state undermines the credibility of its argument when it continues to use taxpayer dollars to sanction and subsidize ill-advised barrier island developments in hurricane alley. Continuing this practice will likely alienate residents of inland states who could question why taxpayers in Peoria, IL, should assume the risk of building new oceanfront condos in South Florida destroyed by seasonal hurricanes.

If Floridians want inland states to throw in their lot with them and pool their insurance catastrophe risk in a national fund, we must prove that we are responsible enough to limit new development to risk-appropriate locations.

Now in the 2007 hurricane season, we must realize that our barrier islands are not those places. We must not play Russian Roulette with people's lives and property. Unfortunately, that's exactly what we do when we put people in harm's way on vulnerable barrier islands. And that's no place for us to use limited taxpayer resources.

Wednesday, January 16, 2008

Romney Wins by Campaigning Against Economic Liberty

By now you may have heard some of Romney's . . . devastating economic record as Governor of Massachusetts.

But in his race for the GOP nomination, he's putting his big government - big mandate - "taxachusetts" record behind him, right?

Maybe not.

Ross Douthat points out the economic fascism (big government + big industry) aspects of Romney's campaign promises to fix the economy. Romney's rhetoric

appeals to voters in places like Michigan precisely because it goes much further to the left than Mike Huckabee's substance-free talk about how the current period of economic growth isn't doing all that well by the working class, or John McCain's straight talk about how Michiganders can't expect the federal government to bring back the glory days of Chrysler and GM.

Cato's Jerry Taylor asks
What does it say about the Republican Party when the leading fusionist conservative in the field - Mitt Romney, darling of National Review and erstwhile heir to Ronald Reagan - runs and wins a campaign arguing that the federal government is responsible for all of the ills facing the U.S. auto industry, that the taxpayer should pony up the corporate welfare checks going to Detroit and increase them by a factor of five, that the federal government can and should move heaven and earth to save “every job” at risk in this economy . . . ?
Publius Endures points out not only that Romney has no appeal to libertarians, but also that Romney lost to McCain among voters who were the most unsatified with the current economy (as, I recently noted, he did in New Hampshire).

Let me just admit, for myself, I can't figure out exactly why so many people are voting for this guy.

If all you want is tax cuts* without restraint in spending, maybe Romney is fine (*so long as you don't mind "fees"). If you want to blame your woes on immigration, Romney's your man. If you like the idea of government and industry coming together to spend more of your money and increase the deficit while hurting trade, Romney's right up your alley.

But if you value economic freedom, an end to favors for monied interests, and frugality in government, vote McCain.

But you don't have to take my word for it. Just ask the Senate's"Dr. No"

Monday, December 17, 2007

the meaning of entrepeneur

Last Monday's quote of the day from the Council on Foreign Relations blog:

“Alcohol fuels made from corn, sugar, switch grass and many other sources that could benefit that rural farm economy of South Carolina and other states, fuel cells, biodiesel derived from waste products, natural gas, and other technologies are all promising and available alternatives to oil. I won’t support subsidizing every alternative or tariffs that restrict the healthy competition that stimulates innovation and lower costs. But I’ll encourage the development of infrastructure and market growth necessary for these products to compete, and let consumers choose the winners. I’ve never known an American entrepreneur worthy of the name who wouldn’t rather compete for sales than subsidies.”Sen. John McCain (R-AZ), in a speech today at the Center for Hydrogen Research in South Carolina.