I really see no reason to support farmers with price controls and soil banks and crop storage contracts either but we do it just the same. As soon as the government gets involved it gets very expensive and it seems the ones the programs are trying to help don't get much out of it.
Government demanded the cars have emmission controls and meet mileage targets and have all sorts of safety devices. Lee Iaccoca said the price of the Pinto would skyrocket from about $2000 up to $10,000 per vehicle. He was right. The Japanese, Koreans, and now the Chinese came along and pretty much use the same technology for free that was developed at great expense by the American auto makers.
Banks should not have to be bailed using government money but they are. The government tolde them to provide easy money to people who probably could not meet the full term of the contract. So they handed out money on bad loans and ruined their own balance sheet and the customers money and all because Willy in the 90's wanted to get the votes.
Does all this make it right? NO, but they will do it anyway.
Evidently we want our government to protect us in every way possible but we don't want the bill for it.
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Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul
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