Daily Archives: July 12, 2013
Here are today’s statistics on the state of the economy:
The Producer Price Index rose 0.8% in June. The core rate, ex-food and -energy, rose 0.2%. On a year-over-year basis, the PPI is up 2,5%, while the core rate is up 1.6%.
The University of Michigan’s Consumer Sentiment Index fell 0.2 points to 83.9 in July.
I told you a while back how I get email from politicians that I never asked for and from which I can’t opt out because they don’t give any mechanism for that. I got a real doozy yesterday.
It’s from Marlin Stutzman, Congressman from Indiana, bragging about separating the Farm Bill out from a bunch of other Ag Department stuff:
Transparent government won an important victory today. Conservatives seized an opportunity to split the Farm Bill, a landmark reform that breaks the unholy alliance between food stamps and agriculture policy. For the first time since the 1970’s taxpayers will have an honest look at how Washington spends their money on agriculture and food stamp policy.
Supporters of this farm-only farm bill wasted the golden opportunity that separation could have provided: the ability to promote policies that benefit taxpayers, farmers, and consumers in a fiscally responsible way. With the passage of this bill, the House has gone even further to the left than the Senate bill. It would spend more money than Obama on the largest farm program, crop insurance [emphasis mine].
On top of all this, the process House Republicans used to get this 600-plus-page bill to the floor in a mere 10 hours essentially violates their own promise to conduct business in an open and transparent manner [emphasis mine]. They prohibited legislators from introducing amendments. And, they played a game of bait and switch by claiming this bill was the same text from the failed House farm bill of a few weeks ago.
In fact, they made this new bill even worse—by making sneaky changes to the bill text so that some of the costliest and most indefensible programs no longer expire after five years, but live on indefinitely. This means the sugar program that drives up food prices will be harder to change, because it doesn’t automatically expire. It also means the new and radical shallow loss program that covers even minor losses for farmers will indefinitely be a part of the law.
Note the sleazy irony. Congressman Stutzman starts by bragging about transparency in a bill that was passed in a process that was about as transparent as toxic sludge.
This is today’s GOP – paying off their corporate cronies and bragging about how transparently they did it.