In one of the dumbest, most counter-productive, anti-free market moves, the U.S. government is considering a bailout of the sugar industry.
In an effort to prop up sugar prices, the USDA is considering buying 400,000 tons of sugar. The government has been lending money to sugar producers since the 1934 Sugar Act.
But this latest bailout are particularly galling considering the backdrop of a debate in Washington over how to address the nations long-term deficit and the ongoing "War on Obesity" being waged by policymakers.
Obesity rates have risen since 2007 and there’s also the growing threat of childhood obesity, which can lead to a lifetime of medical problems – and higher per capital costs.
Thus, it boggles the mind why the White House would even consider or support this.