U.S. Pork Market Effects
How Have U.S. Consumers Reacted to Reports of the Outbreak?
In late April, amid early reports of the spread of 2009 H1N1 flu, retail outlets reported that consumers were leery of buying pork because of fears that the disease may be linked to pork consumption. Tyson Foods Inc. also reported a drop in domestic pork sales.25 As domestic sales fell, retail and wholesale hog prices fell sharply, along with hog and pork-belly futures prices on the Chicago Mercantile Exchange.
How Have U.S. Trading Partners Reacted to Reports of the Outbreak?
Citing public health and safety concerns, several countries have initiated or implemented steps to ban or restrict U.S. pork or pork products.
Now do you get it? It was a crisis, not unlike floods or earthquake, where the federal government can step in a give some temporary help to those in need. TEMPORARY. You call that intervening in the market? It was supporting a market in a crisis of a flu scare by unfounded food safety concerns.
Bachmann is STILL a constitutional conservative, fiscal conservative. I dont care if Palin reduced her pork by 886%, she still porked out 450+ million dollars, which is Waaaaaay more than the 16 million Bachmann got for the pig flu crisis. For you to say that Bachmann is big government is delusional. 450+ million vs 16 million. uh-huh
I guess you are a Bushite then
“I abandoned the free market to save the free market?”
Newsflash there is always a crisis in the market. It is an excuse for the government to integer in the markets.
so I guess you are fine with governmental intervention into the markets whenever one has a crisis. After all there was a crisis in the auto market and the government bailed out the car companies and there was a crisis in the home market and the government bailed out the home markets and there was a crisis in the bank market and the government bailed out the banks with Tarp. and there was a crisis in the credit markets so the Fed did Qe2.
I like how you are trying to twist this into a good thing. i never thought I would see people on FR say governmental intervention was a good thing just because their candidate screwed up and showed her real colors as a Big government interventionist. Show me where in the Constitution that it says the government shall intervene in the market during a crisis. bachmann is not a constitutional conservative. she is a typical politician singing you a song. or do you also think the patriot act is a good thing?
oh and before you continue on the prok thing you might want to check Bachmann’s record on PORk. she isn’t what you think she is.
Bachmann on earmarks. I guess she did a clinton and it depends on what Is is.:
Advocating for transportation projects for one’s district in my mind does not equate to an earmark,” Bachmann told the Minneapolis Star-Tribune yesterday.
“I don’t believe that building roads and bridges and interchanges should be considered an earmark,” Bachmann continued. “There’s a big difference between funding a tea pot museum and a bridge over a vital waterway.”