Monday, October 21, 2013

ELECTION CAMPAIGN CONTRIBUTIONS MORE IMPORTANT THAN U. S. JOBS

Congress -- of both parties -- fixes sugar prices in exchange for campaign contributions from sugar producers.  Evan in the face of a world-wide glut where sugar prices have dropped 50% but in the U. S. price is protected by law while the international price is around 19 cents a pound U. S. prices are 22 cents.  Candy manufacturers are moving factories -- and jobs -- to Mexico, Thailand and not the U. S. which has dropped over 20% in candy-making employment over the decade.  The U. S. Commerce Department said that three jobs in the candy and confectionary industries are lost for every one job saved in sugar growing by fixing the price of sugar.  But Commerce did not project the number of members of Congress whose jobs were saved.  That is the most important consideration.

And why is unemployment in the U. S. over 7%?

Duh!