Why have prices fallen so low? Because government subsidies created a glut – and the market is flooded. This government money warps and distorts the marketplace – as otherwise productively-directed time and effort is instead spent chasing the government coin. Producers produce not what the marketplace needs – but for what the government pays.
President Barack Obama has dramatically ramped up the Washington, D.C., giant Crony-fest. Where economic sectors and companies Obama and his Democrats like get the gold mine – and the rest of us get the shaft. For instance, there was $80 billion for “green energy” in the awful 2009 “Stimulus” bill –80% of that coin went to Obama donors.
The United States and Japan are at the trade negotiation table – for the proposed Trans-Pacific Partnership (TPP). Absolutely excellent. The freer the trade the better – the more the merrier.