Obama's High Food Price Policy Stealing Milk from Babies

[Geee]

American Thinker:

The price of corn has reached a record $7 a bushel. Other basic foodstuffs, including wheat, sugar, and soybeans are selling at or near record prices. Milk prices as well have risen to record levels, making it more difficult for families to purchase milk for their children. It is Obama, more than anyone, who is responsible for this state of affairs.

While food prices have always been volatile, today's high prices are not just the result of weather and other natural forces. They are the consequence of a sinister conspiracy on the part of the left to raise prices and force an ever larger number of Americans into dependency. As of early March, milk prices were setting new record highs, along with near record highs for corn, wheat, soybean, and other staples. Where is the President on this? He is out there promoting ethanol mandates that burn 40% of the U.S. corn crop, raising the price of everything from milk and meat to pop-tarts.

Obama claims to care deeply about the lives of ordinary working Americans, but he is the one responsible for rising food and energy prices. When Americans went to the store in February and found that their food costs had risen at an annualized rate of 7.2%, they had Obama to thank for it.

It is not just the President's policy of expanding ethanol subsidies. It is also a weak-dollar policy that forces Americans into competition on unequal terms with foreign buyers. On March 25 the USDA revealed transactions that strongly suggest the return of China to U.S. corn markets. As a result, corn future prices climbed 14%. That increase of 14% will affect what American consumers can expect to pay in the months ahead for basic foodstuffs. If the dollar weakens further against the Chinese yuan, as many expect (and against other currencies), American consumers may find themselves paying more than that for global commodities like food.