Record Food Prices and Record Farm Profits, Why Record Farm Subsidies?
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 28 April 2008
⏱️ 51 minutes
🧾️ Download transcript
Summary
Increased farm subsidies have made strange bedfellows of environmentalists and the Bush Administration. They agree that that the big federal money goes to big agri-business at the expense of the little guys, not what subsidies were designed to do. Also, the Supreme Court upholds Indiana Voter ID Law, and Reverend Jeremiah Wright goes public…again.
Transcript
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| 0:00.0 | From PRI, Public Radio International and KCRW Santa Monica, this is To the Point. |
| 0:08.4 | With record food prices and record farm profits, why record farm subsidies? |
| 0:17.0 | Hello again, I'm Mormon-Aulny, and this is To the Point from Public Radio International. |
| 0:23.1 | A daily look at the issues, Americans care about most. |
| 0:35.6 | Increased farm subsidies have made strange bedfellows of environmentalists and the Bush administration. They agree that the big federal money goes to big agribusiness at the expense of the little guys, not what subsidies were designed to do. |
| 0:39.6 | Even the Wall Street Journal calls the new farm bill a millionaire safety net which raises taxes to pay off the rich. |
| 0:42.7 | On to the point, what does it mean for the environment? |
| 0:45.8 | What are the prospects of another bubble with results like those for dot-coms and housing? |
| 0:50.9 | On reporter's notebook later on, Reverend Jeremiah Wright goes public. Again, first |
| 0:56.9 | here's the news. Support for To the Point comes from subscribers of KCRW Santa Monica and from |
| 1:04.8 | the Public Radio International Program Fund, whose contributors include the Ford Foundation and the |
| 1:09.9 | John D. and Catherine T. McArthur |
| 1:11.6 | Foundation. Hello again, Mormon-Aulney, back with To the Point. Food prices are setting records, |
| 1:16.0 | and so are the profits of farmers. So why is Congress at work on a farm bill with more federal |
| 1:20.3 | subsidies than ever before? On To the Point, even Iowa Senator Tom Harkin calls it free money. |
| 1:25.6 | Will the rich be getting richer at the expense of the |
| 1:27.6 | environment, small farmers, and American consumers? On reporter's notebook, Jeremiah Wright, spoke to |
| 1:32.8 | the National Press Club today. We'll hear what he said about patriotism, Louis Farrakhan, and Wright's |
| 1:37.7 | own relationship to Barack Obama. First, this news update, a week before Indiana's presidential |
| 1:42.7 | primaries, the U.S. Supreme Court today upheld that state's law requiring photo identification when voters go to the polls. |
| 1:49.7 | David Stout reports for the New York Times, and David, thanks a lot for joining us. |
| 1:53.0 | Nice to be here. |
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