Sunday, December 23, 2012

Misleading news of the day

When you made a deal with the government where it would buy a lot of your product at an inflated price most people call that "corporate welfare" or a "handout."

But CNN describes it like this:

It works like this: In order to keep dairy farmers in businesses, the government agrees to buy milk and other products if the price gets too low. . . . [But] if a new bill isn't passed or the current one extended, the formula for calculating the price the government pays for dairy products reverts back to a 1949 statute. Under that formula, the government would be forced to buy milk at twice today's price [. . .]
When did CNN become the arbiter of prices being "too low?" Is CNN going to start refer to taxes on the rich as "too high" and wages for teachers as "too low" too?

I bet everyone politician in America wants this guy to cover the legislation they sponsor. A hospital didn't oppose a new hospital opening in town to keep out the competition--it was, "in order to avoid duplication of services."

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