Monday, February 19, 2007

Sugar costs DOUBLE because of OUR GOVT

You and me and millions of other Americans are paying twice as much for sugar as we should because a very small group of lobbyists and campaign contributors have co-opted the power of OUR GOVERNMENT to enrich themselves. Thousands of people have lost jobs in the US because a very small group of lobbyists and campaign contributors have co-opted the power of OUR GOVERNMENT to enrich themselves.

Link
Americans pay about double the world market price for sugar, a hidden tax that hurts everyone with a sweet tooth. Many beverage and food makers catering to that sweet tooth have long used corn syrup instead of sugar because it's cheaper, but the price of corn syrup is beginning to rise. So now would be a good time for the U.S. government to revisit its destructive farm policies.

This is a classic case of a narrow, vocal lobby — sugar growers — benefiting at the expense of the larger economy. The latest victim of high-priced sweeteners is Atlanta-based Coca-Cola Enterprises Inc., the largest bottler of Coca-Cola products, which announced last week that it would cut 3,500 jobs because of a $1.1-billion loss in 2006. Other soft-drink makers, confectioners and food companies also pay a steep price for the complex system of price supports and import quotas aimed at protecting U.S. sugar growers by insulating them from global market realities.