Friday, September 28, 2007

2005 redux food prices

Food prices , fueled by demand for grains, are rising at the fastest pace in 17 years. The price of bread has increased 24 percent in one year.. Yet, our uninformed congress and president bow to the demands of pressure groups to increase and subsidize the transformation of corn into fuel. This is patently ridiculous. It annoys me because two years ago the unintended consequence was readily apparent to anyone with half a brain and no desire to win votes from the farm bloc or campaign contributions from Archer Daniel Midland.


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