While the Biden administration brags about the stock market gains for its voters - and he is smart to do so, nearly 80% of America's wealthiest counties vote Democrat - the less fortunate are feeling the impact of a $4 trillion stimulus plan that was great for government workers but just caused inflation to spike upward for everyone else. Food, for example, is up 44% since Biden took office.
That has other impacts. COVID-19 policies caused lots of supply chain issues and then adding inflation on top of those costs mean food production is more expensive than ever. Farmers can't be competitive and countries that don't have politicians tinkering with economic knobs are benefiting. The agriculture trade gap is now larger than at any point in history thanks to the surge in inflation, and as long as we keep driving toward a fiscal wall it will get worse. Farmers are being told by politicians like VP Kamala Harris and California Governor Gavin Newsom that they are just greedy corporate profiteers, yet we are talking about 2.2 million family farms, half of which barely make enough profit to pay government land taxes.
Photo: Washington State University
They're not greedy, they're only even corporations because government refuses to implement tort reform and everyone is worried about getting sued and, in the case of the Biden administration, directing EPA to show up on their land with assault weapons because he tried to declare a man-made pond a "navigable water of the United States."
Food is a strategic resource, just like energy. We wouldn't outsource our military to other countries and we can't let competitors control food and energy either. It is absolutely necessary that farmers have a safety net, specifically to prevent economic mismanagement by a president as has happened in the US.
