TBTF: any buyer's remorse?

[hardnox]

Has it dawned on anybody that the farm bill should have been titled "The TBTF BTO Act of 2014"?

Just like TARP (as one poster has noted) we once again have socialized risk for private gain and the bigger you are, the more, pretty much proportionally.

Virtually all discussion that occurred here almost immediately veered off course to hysteria about nutrition programs or a "circle the wagons for ag" mentality versus one or more of the straw man enemies- the greens, animal rightists et al.

Well done, spinmeisters. The herd is rounded up and on the way to the pen. I think I hear the truck coming, too.

I do understand that when you've fought the long slog to be a survivor in "the last man standing club" it is very hard to recognize that you're moving up on the bump list.

[BA Deere]

Well, farmers didn't write the farm bill and I don't think all of us together (if we could agree)could've stopped it either. Just like we are "price takers" in the market place, the same applies in government policy. I can see how a average Joe farmer and his banker are breathing a sigh of relief the at least insurance is in place to protect the institution's money that is invested in the operation.

[r3020]

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@hardnox wrote:

Has it dawned on anybody that the farm bill should have been titled "The TBTF BTO Act of 2014"?

Just like TARP (as one poster has noted) we once again have socialized risk for private gain and the bigger you are, the more, pretty much proportionally.

Virtually all discussion that occurred here almost immediately veered off course to hysteria about nutrition programs or a "circle the wagons for ag" mentality versus one or more of the straw man enemies- the greens, animal rightists et al.

Well done, spinmeisters. The herd is rounded up and on the way to the pen. I think I hear the truck coming, too.

I do understand that when you've fought the long slog to be a survivor in "the last man standing club" it is very hard to recognize that you're moving up on the bump list.

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Why is it we must raise the debt ceiling, oh yeah, if we don't we might default on our loans and any politician refusing to vote to raise the debt limit is a Christian taliban extremist like Ted Cruz. Face it Nox, we have learned we can vote ourselves other people's money and will continue to do so until it is gone. The progressives have won.

[hardnox]

I wouldn't necessarily disagree but didn't even try.

Take the alms, let it play out.

[4wd]

Wassamatter Noxie? You sound like a loser here in the sceme of things.

Don't you eat regular meals at very economicalm food prices?  And fuel your car with a cheaper priced ethanol blended fuel?

Thank US farmers, livestock men, farm equipment suppliers.  And appreciate everything your government is doing to keep us profitable and working the soil.  You got to get your priorities straightened out, or risk being left behind.

God Bless the USA!

[hardnox · Accepted solution]

That's another form of deflection and avoidance.

It sort of all reminds me of the overproliferation of apocalypse books and movies. When faced with a frightening and uncertain future it is somehow comforting to be relieved of any actual responsibility 'cause the world's going to hell anyway.

The plain vanilla old good government, fiscal conservative republican view on all of this would have been to say, yes, Reagan funded a massive bailout of agriculture and it was a serious mess that was going to cost us a lot of money anyway-  through the FDIC and Farm Credit System or through a bailout. Serious costs were baked in one way or the other, might as well go the more popular way.

Good enough. By the '90s the ag sector was reasonable stable, time to walk away. Which we started to do, then turned back to Egypt when the desert got slightly warm.

The expansion of crop insurance as the primary support mechanism evolved later, and again, it is valid if it absolutely puts ad hoc disaster assistance away, forever.

So again, once we spent a lot of the taxpayer's dollars as seed money to build the system then time to walk. I know the big guys say they won't buy insurance without the subsidy. Fine, but NO AD HOC DISASTER AID.

[r3020]

This is what happens when you create a beast Nox. When he gets hungry enough he swallows you up. Burp.

Save the nation, starve the beast. Oh, I'm sorry, that is such a racist statement.

[4wd]

If the uncle Sugar votes in a tax fast depreciation bill again to replace the sec 179 they let die, Go to the bank and borrow all your farm is worth and use the money to buy John Deere stock.

Don't say this ol' Iowa grain farmer didn't try and help you.

[hardnox]

Hi 4wd,

I find you tolerable insofar as you aren't at all hypocritical about taking what you can get and then villifyiing everyone else for getting something. You're just happy for all that they give you.

For a samll number of people of sufficient scale or at critical junctures in their careers it is a great bill. That is a very small number of people.

BTW, the notion that the structure that this bill enhances has any value to the general public in terms of cheap food or fuel is utter hogwash, as you probably realize. But I bet you'll grin and repeat it all the way to the bank.

[4wd]

I am a simple man-of-the-soil Noxie. Just trying to carve out a living from what everyone walks and drives and relieves themselves on top of.

I liove America, and I love you too!