Thursday, February 16, 2012

Love Those Free Marketers

The incentives certainly work to inspire idiocy:
Jim Massery, the government sales manager for Pittsfield, Mass.-based Lenco, dismissed critics who wonder why a town with almost no crime would need a $300,000 armored truck. "I don't think there's any place in the country where you can say, 'That isn't a likely terrorist target,'" Massery said. "How would you know? We don' t know what the terrorists are thinking. No one predicted that terrorists would take over airplanes on Sept. 11. If a group of terrorists decide to shoot up a shopping mall in a town like Keene, wouldn't you rather be prepared?" From Ta-Nehisi Coates
 “‘However, with the enormous amount of risk farmers are about to undertake by planting a new soybean crop, now is exactly the wrong time to reduce support for the federal crop insurance program,  The American Soybean Association from Farm Policy

Based on the logic of these hucksters, we need a $300,000  armored truck in every town the size of Keene, N (23,000 +) H, or larger, or about 1300 places. And because soybean farmers plant a crop every year, and risk their investment in seed and fertilizer, we can never reduce crop insurance.


Walter Jeffries said...

"No one predicted that terrorists would take over airplanes"

Don't you hate it when people say that? It was predicted. I'm sure there were government officials who foresaw it. I predicted it in July of 1995 to my wife. She remembered when 9/11 rolled around. Airplanes are a very logical tool of terrorism. I guess Massery doesn't have much imagination.

Crop insurance I have no idea on. My crops aren't insured. Ice storm of 1998 cost us a million (or more). Four days of listening to the next 30 years of timber fall to the ground. Life happens. If I'm lucky it keeps happening.

Anonymous said...

Federal crop insurance is a total upside down safety net targeting the largest farmers with the greatest government benefits and providing the greatest profit guarantees during periods of higher market prices. In fact recently these schemes provided massive profitability guarantees to farmers throughout the country growing corn. What could be more insane than the government providing massive profit guarantees during periods of high prices in exchange for highly subsidised premiums that farmers have to pay only a small amount for?