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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (30835)12/29/2008 3:16:39 PM
From: TimF  Read Replies (2) of 71588
 
The more that gets shoveled in to the trough, the louder the demands for even more get.

That's reasonable if you consider incentives. If begging or screaming for handouts works, you get more begging and screaming. Its similar to how a parent that always gives in to a bratty child's demands to try to shut them up, winds up getting more yelling and demands from the child, rather than less. Its more calculating on the part of the corporation than it is with the young child, but the result is the same.

I agree with you about the ethanol subsidies being bad policy that leads to the misallocation of capital. The fact that anyone receiving them feels like they may now need a bailout only strengthens the argument against having them in the first place but not according to "Washington logic", where failure of an idea becomes an argument that the idea should receive more money.
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