Cotton Subsidies

President Bush recently announced that he was going to cut back on farm loan programs – most notably – limiting subsidy payments to farmers to $250,000 a year.
This appalls many farmers dependent on the government handout and angered company farms many of which take most of their profit from the Farm Loan and other USDA government assistance programs.
From the board rooms of the American Emu Assocation to the hallowed halls of the National Cotton Council come loud guffaws as cutting farm aid is discussed in the budget Bush threw at Congress.
A majority of Representatives from rural states and several from industrial states rely on the USDA money flood to water their fields. Bush made the annual symbolic gesture towards the programs.
Farm subsidy payments undermine competition, drive illegal immigration and fuel government corruption. Cotton farmers, for example, will never give up their entitlement programs even for the security of the United States.
Berry Worsham, CEO of Cotton Incorporated continues to encourage mammoth shipments of cotton at cut rate prices to Communist China. That country then turns the cotton into clothing which comes right back to the United States. Result – record bankruptcies in American industries – millions of Americans thrown out of work.
The Chinese Communists used their billions to bankroll the Russian state takeover of Yukos.
They also finance communist guerillas and terrorism in Nepal and northeastern India.
Cotton Incorporated continues to use the cotton boll as a symbol but it might as well use the Communist Chinese Red Star.