Monday, December 31, 2007

The Iowa Caucus is in three days, and being next door in Omaha, I get to hear the lovely commercials put out by the Democrats.

One such commercial is from the NFA (I believe that is the National Farmers Alliance, a radical 'no corporate farm' group). Every one of their ads touts the John Edwards Reform 'Plan', aka no lobbyist money for politicians, especially those representing corporate farms. Boo hoo hoo. They claim this ad is not supporting any one candidate, but once I figure out what the procedure is, that logic is going to get challenged.

Anyways, the main ad running these days talks about how family farmers are being shut down, and the corporations are getting big profits and how that hurts the middle class...

...except they neglect to state the next step in the process, and what happens when John Edward's plan gets implemented:

1) Corporation-ran farms make a profit
2) Shareholders of corporation-run farms are given the profit that is not rolled back into the business
3) The majority shareholders of these corporation farms are pension funds.
4) Thus, if you cut back, or try and eliminate the profit from the corporate-run farms, you directly hurt those pension funds invested in the system.
5) When a non-SSN individual goes to retire, they expect a pension fund to be there for their retirement. But, if it is bankrupt because a profit could not be made by the corporation-run farm and thus no dividends increasing the fund, you have no retirement income and become destitute.

So, do you help a handful of farmers who do not use techniques to increase their yields or are too stubborn to be purchased by a larger conglomerate, where most are allowed to continue to work their field at a set wage with that pension as a result in most cases. Or, do you threaten the pension plans of numerous other companies and LABOR UNIONS in the process of kissing up to the complaining farmers?

This is the PRIME reason John Edwards should never become president.