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Drudge Retort: The Other Side of the News
Sunday, May 22, 2022

White House press release: Today, the Department of Defense (DOD) has sourced a second flight to fulfill the U.S. Department of Agriculture (USDA)'s request for Operation Fly Formula to transport Nestlé S.A. formula from Ramstein Air Base in Germany to Washington Dulles International Airport. From there, the formula will be transported to a Nestlé facility in Pennsylvania. DOD is contracting with FedEx Express to transport the shipment via its integrated air and ground network. The flight and trucking will take place in the coming days. More details on timing will be announced when available. The Operation Fly Formula shipments will transport 114 pallets of Gerber Good Start® Extensive HA infant formula. This is the remainder of the equivalent of up to 1.5 million 8-ounce bottles of three formulas -- Alfamino® Infant, Alfamino® Junior, and Gerber Good Start® Extensive HA -- all of which are hypoallergenic formulas for children with cow's milk protein allergy.

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Thank you POTUS. It's nice to have the competence of the Biden Administration. If this had been Dotard's regime they would have only supplied formula to the red states, instead the Biden Administration is sending where it's needed most.

#1 | Posted by _Gunslinger_ at 2022-05-22 07:46 PM | Reply | Newsworthy 1

Fat Donnie would have demanded a cut of the action.

#2 | Posted by LegallyYourDead at 2022-05-22 07:53 PM | Reply | Newsworthy 1

GOP will probably go after Biden for not using domestic suppliers.

'Bidenflation has made it impossible for domestic producers to manufacture formula'

I can hear Esleeze Stefanik now.

#3 | Posted by jpw at 2022-05-22 09:15 PM | Reply

"GOP will probably go after Biden for not using domestic suppliers."

The Trump trade scam put tariffs on imported formula to the point where it is not profitable to import it.

"As reported by Fortune, the U.S. imported virtually no baby formula from Canada in 2021 after entering the USMCA deal. In comparison, U.S.-manufactured infant formula accounted for 22 percent of all dairy trade going the other way from the U.S. to Canada.

However, CBC News reporter Alexander Panetta noted the tariffs imposed on Canada as part of the USMCA deal were part of a partisan agreement in order to protect U.S. exports of dairy products."

www.newsweek.com

#4 | Posted by Nixon at 2022-05-23 10:12 AM | Reply

The finger pointing has begun but what I see is that capitalism failed once again. And everyone just expects the government to step in and solve the problem with ... Dunn Dunn Dunn!

... socialism. (The government controlling the production and distribution)

But hopefully no one will notice if we can blame somebody and get some scapegoats.

Again.

#5 | Posted by donnerboy at 2022-05-23 10:27 AM | Reply | Newsworthy 1

GOP can go eat shht.

"Nearly 200 Republicans vote against bill to ease baby formula shortage"

www.washingtonpost.com

#6 | Posted by ClownShack at 2022-05-23 12:09 PM | Reply | Newsworthy 1

#6

Exploiting the political fallout for Biden because of starving babies is more important to the supposed "pro-life" crowd than starving babies.

#7 | Posted by horstngraben at 2022-05-23 12:39 PM | Reply | Newsworthy 1

Why should this formula go to states who's congress jerks voted against the bill to ease baby formula shortage?

#8 | Posted by Tor at 2022-05-23 12:49 PM | Reply

Why should this formula go to states who's congress jerks voted against the bill to ease baby formula shortage?

I suppose those states could refuse to accept it, but they wouldn't dare.

#9 | Posted by REDIAL at 2022-05-23 12:59 PM | Reply

Why should this formula go to states who's congress jerks voted against the bill to ease baby formula shortage?

Those states don't universally vote Republican. And since breastfeeding is largely a socioeconomic luxury, the people who need formula most tend to be of lesser means and are probably more likely to vote Dem.

And that all presumes that punitive use of government resources is morally acceptable in the first place. It sounds pretty Trumpian to me and not something Dems should countenance.

#10 | Posted by JOE at 2022-05-23 01:17 PM | Reply

"The finger pointing has begun but what I see is that capitalism failed once again. And everyone just expects the government to step in and solve the problem with ... Dunn Dunn Dunn!"

Not quite. It was government that initiated the problem.

The first issue had to do with investigations into infections in four babies that may have been connected to a baby formula plant owned by Abbott. Abbott controls around 40% of the domestic market. Another 58% is divided amongst three others.

Perhaps the biggest contributor is the FDA, which is (or was) highly restrictive when it came to importing baby formula. So only about 2% of it is imported.

That's before today, of course. Now the US Government is trying to get all the European baby formula they can get their hands on.

So, in summary, this problem was largely created as a result of government regulation, and had European (or other) companies been able to export baby formula to the US, the market (capitalism) would have invisibly solved this problem.

#11 | Posted by madbomber at 2022-05-23 01:20 PM | Reply

#11

That's hilarious... the Invisible Hand of the (not at all) Free Market, in it's God-like magnificence would have prevented the shortages had it not been for the e'bil gub'mint!

Obviously TR was wrong to break up the Gilded Agers monopolies, and FDR should have kept the Old Deal in place.

But then, MB might have been born a field hand and died the same.

#12 | Posted by Corky at 2022-05-23 01:27 PM | Reply

"Perhaps the biggest contributor is the FDA, which is (or was) highly restrictive when it came to importing baby formula."

Okay.

"Nearly 200 Republicans vote against bill to ease baby formula shortage"

Why would Republicans vote to keep those restrictions?

Republicans want starving kids. Starving kids is supposed to make Biden look bad.

#13 | Posted by snoofy at 2022-05-23 01:32 PM | Reply | Funny: 1

#11 | POSTED BY MADBOMBER

Wait. So we're not American first anymore? Globalism is good now?

You idiots flip flop so much on things while never seeming to see how it's the ------ worldview you hold that's the root of the problem.

#14 | Posted by jpw at 2022-05-23 01:38 PM | Reply | Newsworthy 1

"That's hilarious... the Invisible Hand of the (not at all) Free Market"

www.economist.com

#15 | Posted by madbomber at 2022-05-23 01:41 PM | Reply

"Why would Republicans vote to keep those restrictions?"

I couldn't tell you. And it doesn't matter. It's still a case of government restricting the import of high demands goods.

#16 | Posted by madbomber at 2022-05-23 01:42 PM | Reply

JPW.

I've been visiting this site since 2003. I've been here a while. You have too.

So I have a hard time understanding how you could ever accuse me of isolationism when I might be globalization's biggest champion. At least here.

And typically I'm defending it and it's virtues from progressives who prefer a more "america first" approach.

#17 | Posted by madbomber at 2022-05-23 01:46 PM | Reply

There Is No Invisible Hand - Harvard Business Review

"One of the best-kept secrets in economics is that there is no case for the invisible hand. After more than a century trying to prove the opposite, economic theorists investigating the matter finally concluded in the 1970s that there is no reason to believe markets are led, as if by an invisible hand, to an optimal equilibrium " or any equilibrium at all.

But the message never got through to their supposedly practical colleagues who so eagerly push advice about almost anything. Most never even heard what the theorists said, or else resolutely ignored it."

hbr.org

#18 | Posted by Corky at 2022-05-23 01:48 PM | Reply

"Those states don't universally vote Republican."

son of a....

It's annoying when having a politically mixed state brings to mind human shields.

PS Is there some reason breast pumps aren't used by most nursing/working mothers?

#19 | Posted by Tor at 2022-05-23 01:49 PM | Reply

So I have a hard time understanding how you could ever accuse me of isolationism when I might be globalization's biggest champion. At least here.
And typically I'm defending it and it's virtues from progressives who prefer a more "america first" approach.

#17 | POSTED BY MADBOMBER

Well you have my apologies then.

Seemingly everyone's views have become entirely fluid depending on what they want when they want it. I have trouble keeping track.

#20 | Posted by jpw at 2022-05-23 01:53 PM | Reply

I couldn't tell you. And it doesn't matter. It's still a case of government restricting the import of high demands goods.
#16 | POSTED BY MADBOMBER

Look at the dumb fkkk. Doing his best shuck and jive to protect Republicans.

Why did Republicans vote against it? To hurt Americans.

It matters because Republicans how ups rather destroy the nation than work with Democrats.

The problem isn't the government. The problem is the baby formula plant that decided they don't want to change the way they produce formula. So rather than fix the problem. They shut down.

But SadBoomer hates America. So he blames the government and ignores Republican malfeasance.

Keep pretending you're an American! It's hilarious.

#21 | Posted by ClownShack at 2022-05-23 02:08 PM | Reply

"there is no reason to believe markets are led, as if by an invisible hand, to an optimal equilibrium -- or any equilibrium at all."

Anybody who has ever spent money ought to know this.

It is but an Article of Faith, asserted as an unassailable truth, by wealth apologists.

#22 | Posted by snoofy at 2022-05-23 02:08 PM | Reply

"There Is No Invisible Hand - Harvard Business Review"

There actually is. It's information. In an economic where the flow of information was perfect, arbitrage would not exist. You wouldn't be able to be able to purchase a widget at a lower rate in one location and sell it somewhere else at a mark-up, all other things being equal.

And this is actually the biggest difference between Keynesian and classical economic theory. Classical economic theory assumes that markets will clear instantly as a result of changing information on the markets themselves. That doesn't happen and isn't even possible. Keynesian theory holds that markets won't clear quickly as the information changes, and that government can smooth out the effects of that uncertainty. Which is why I could consider myself more of a Keynesian than a classicist in most cases.

But still, at the end of the day, markets are the reflection of supply vs. demand vs. supply. And there is very little than even governments can do to impact that market value of something.

#23 | Posted by madbomber at 2022-05-23 02:09 PM | Reply

Why would Republicans vote to keep those restrictions?

#13 | POSTED BY SNOOFY AT 2022-05-23 01:32 PM | FLAG:

The bill for this has nothing to do with regulatory burden. It's a temporary FDA funding measure. It doesn't fix any of the underlying issue with importation, tariffs, etc. Customs & Border Protection, keeping us safe from widely used European brands. Not like Republicans are even united. Hawley is out there trying to force Made in America rules on every single commercial product the government uses.

#24 | Posted by sitzkrieg at 2022-05-23 02:10 PM | Reply

"The problem isn't the government. The problem is the baby formula plant that decided they don't want to change the way they produce formula. So rather than fix the problem. They shut down."

You're literally stating in the same sentence that the problem isn't government, backing up your assertion by pointing out how the problem is government.

Nice job champ!

#25 | Posted by madbomber at 2022-05-23 02:11 PM | Reply

Seemingly everyone's views have become entirely fluid depending on what they want when they want it. I have trouble keeping track.
#20 | POSTED BY JPW

That is how "views" work. They're mostly overt statements of our confirmation biases.

Donald Trump's election flips both parties' views of the economy
www.jsonline.com
When GOP voters in Wisconsin were asked last October whether the economy had gotten better or worse "over the past year," they said "worse'' " by a margin of 28 points.
But when they were asked the very same question last month, they said "better" " by a margin of 54 points.
That's a net swing of 82 percentage points between late October 2016 and mid-March 2017.
What changed so radically in those four and a half months?
The economy didn't. But the political landscape did.
Republican Trump replaced Democrat Barack Obama as president. With their own party now in power, Republicans overwhelmingly upgraded their evaluations of America's economic performance.

#26 | Posted by snoofy at 2022-05-23 02:11 PM | Reply

"But SadBoomer hates America."

I think you spelled it wrong.

It's Amerikkka, right?

#27 | Posted by madbomber at 2022-05-23 02:12 PM | Reply

"It's a temporary FDA funding measure. It doesn't fix any of the underlying issue with importation, tariffs, etc."

So government will shortly go back to being the problem.

#28 | Posted by madbomber at 2022-05-23 02:13 PM | Reply

" the baby formula plant that decided they don't want to change the way they produce formula. So rather than fix the problem. They shut down"

This isn't the government's problem, though.
It's a company's free will to do business or not.
You might as well be saying if you don't want to buy baby formula, that's a problem created by government too.

I mean... Unless you are saying the "government problem" is that they haven't nationalized the baby formula factory or something like that.

#29 | Posted by snoofy at 2022-05-23 02:14 PM | Reply

"There Is No Invisible Hand - Harvard Business Review"
There actually is. It's information. In an economic where the flow of information was perfect, arbitrage would not exist. You wouldn't be able to be able to purchase a widget at a lower rate in one location and sell it somewhere else at a mark-up, all other things being equal.
#23 | POSTED BY MADBOMBER

^
See what I mean about Article of Faith?

#30 | Posted by snoofy at 2022-05-23 02:15 PM | Reply

It's actually the same with cars. I can't buy a German-spec car and have it delivered to the US because the US doesn't acknowledge German safety requirements, even though German cars (at least mine) are of a much higher quality that what you would typically get in the US.

#31 | Posted by madbomber at 2022-05-23 02:16 PM | Reply

"See what I mean about Article of Faith?"

I think you may mean education. And in any case the article certainly doesn't question the validity of supply and demand within markets...only when/how/if those markets reach equilibrium. And that market clearing point will always be changing.

You should take an econ class, lil homie.

#32 | Posted by madbomber at 2022-05-23 02:18 PM | Reply | Newsworthy 1

But still, at the end of the day, markets are the reflection of supply vs. demand vs. supply. And there is very little than even governments can do to impact that market value of something.
#23 | POSTED BY MADBOMBER

I don't understand what you mean by that last sentence.
If the government starts paying triple the going rate for wolf pelts, that triples the market value of wolf pelts.
Likewise, if the government imposes price controls on wolf pelts, that too affects the market value.
Sounds like the government can do quite a bit.

#33 | Posted by snoofy at 2022-05-23 02:19 PM | Reply

"This isn't the government's problem, though. It's a company's free will to do business or not."

Really?

Abbott wasn't forced to shut down their formula factories by the FDA?

#34 | Posted by madbomber at 2022-05-23 02:21 PM | Reply

"And in any case the article certainly doesn't question the validity of supply and demand within markets"

That's not really what the Invisible Hand is about:

The invisible hand is an economic concept that describes the unintended greater social benefits and public good brought about by individuals acting in their own self-interests. en.wikipedia.org

^
If you believe that, you've taken a leap of faith.

#35 | Posted by snoofy at 2022-05-23 02:22 PM | Reply

"Abbott wasn't forced to shut down their formula factories by the FDA?"

They had a choice: Follow the rules, or stop doing business. Which one did they choose?

#36 | Posted by snoofy at 2022-05-23 02:22 PM | Reply | Newsworthy 1

Like when you got vaccinated. You had a choice: Follow the rules, or find a new employer. Which one did you choose?

#37 | Posted by snoofy at 2022-05-23 02:23 PM | Reply | Newsworthy 1

PS Is there some reason breast pumps aren't used by most nursing/working mothers?
#19 | POSTED BY TOR

I'm not sure that's even true, but (1) many employers are not super accommodating of the need to pump breastmilk, (2) a busy mother's schedule may not always allow for 20 minutes of pumping every couple of hours (along with constantly washing and sanitizing pumping equipment and the logistics of milk storage), and (3) and some mothers suffer from low milk supply altogether.

#38 | Posted by JOE at 2022-05-23 02:24 PM | Reply

"If the government starts paying triple the going rate for wolf pelts, that triples the market value of wolf pelts."

Not really. If it were a Bernie-healthcare like situation where the government was the only entity permitted to buy wolf pelts, then yes. It also depends on what you mean by "going rate." if the market value for a wolf pelt was $1, and the government was paying triple, the cost would be $3. But In a free market there could still be someone willing to pay $5, in which case the government would have to pay $15 for that same pelt.

Likewise, if the government imposes price controls on wolf pelts, that too affects the market value.

This is even less likely. The government could cap the selling price of a wolf pelt at $5, but that's going to have two effects. The first is that the new market clearing demand rate for wolf pelts is wherever the demand line hits $5. It's also going to have a black market effect. In socialist economies where price controls were common, insiders would purchase goods at the government rate, and sell them at the much higher market value rate.

#39 | Posted by madbomber at 2022-05-23 02:30 PM | Reply

"They had a choice: Follow the rules, or stop doing business. Which one did they choose?"

They are following the government's rules. To a T. which is why they are closed down until the FDA allows them to begin producing again.

The government found a possible link between four sick babies and the Abbott plant and shut them down.

#40 | Posted by madbomber at 2022-05-23 02:34 PM | Reply | Funny: 1

Abbott wasn't forced to shut down their formula factories by the FDA?

#34 | POSTED BY MADBOMBER

I would hope you'd want a plant producing a contaminated product that being fed to infants to be shut down.

#41 | Posted by jpw at 2022-05-23 02:43 PM | Reply

There are two kinds of people in this world those who expect baby formula to be f****** close to perfect.

And those who don't understand why they can't get corn syrup in everything they eat.

#42 | Posted by Tor at 2022-05-23 02:46 PM | Reply

"But In a free market there could still be someone willing to pay $5"

You said, "And there is very little than even governments can do to impact that market value of something."

Are you saying some lone individual in the market choosing to outbid the government does more to impact the market value of something, compared to the government itself?

So let's flip the script. Now it's the government outbidding. Why wouldn't that be equally as effective at setting the value, as when some individual does it?
???

#43 | Posted by snoofy at 2022-05-23 02:46 PM | Reply

#23

Ah, who to believe? The actual economic experts or the Bomber of Myths, Son of Ayn and Ludwig?

Not really so difficult after all.

#44 | Posted by Corky at 2022-05-23 02:55 PM | Reply

"I would hope you'd want a plant producing a contaminated product that being fed to infants to be shut down."

That's thing. The FDA never established a definitive connection between the sick babies and the Abbott plant.

And really, this is sort of a tangental concern. The biggest problem is the US government prohibiting foreign producers from exporting baby formula. Had that been permitted, it's likely the Abbott production facility could have been closed with much less impact on the availability of baby formula.

#45 | Posted by madbomber at 2022-05-23 02:56 PM | Reply | Funny: 1

"Are you saying some lone individual in the market choosing to outbid the government does more to impact the market value of something, compared to the government itself?"

It depends on the conditions of your argument. Do we assume the government is the only entity permitted to purchase wolf skins, or are they operating in a competitive market?

#46 | Posted by madbomber at 2022-05-23 03:01 PM | Reply

"So let's flip the script. Now it's the government outbidding. Why wouldn't that be equally as effective at setting the value, as when some individual does it?"

Because price, supply, and demand are all interrelated. You can't change one without changing the others, unless one of the others is a constant. In which case you get into elasticity, which is a different thing altogether.

#47 | Posted by madbomber at 2022-05-23 03:03 PM | Reply

"Ah, who to believe? The actual economic experts or the Bomber of Myths, Son of Ayn and Ludwig?"

Would you care to compare academic pedigrees?

How many econ courses do you have under your belt?

#48 | Posted by madbomber at 2022-05-23 03:04 PM | Reply

#48

You are no economic genius.... well, maybe in Somalia you would be, rofl!

Harvard Bus School, and the vast majority of economic theorists, otoh, are much more reliable than a known bomber of myths.

#49 | Posted by Corky at 2022-05-23 03:15 PM | Reply

You're literally stating in the same sentence that the problem isn't government, backing up your assertion by pointing out how the problem is government.

Nice job champ!

#25 | POSTED BY SADBOOMER

Look, dumbfkkk, if the FDA flags your company as doing something wrong. The solution is to fix the issue and continue business.

Not shut down and pout because the government is mean.

Apparently you don't believe the FDA was correct in their decision making. Perhaps you can point out what they did that had you blaming them.

Chump.

#50 | Posted by ClownShack at 2022-05-23 03:18 PM | Reply

It's Amerikkka, right?
#27 | POSTED BY SADBOOMER

If you say so.

You America hating POS.

#51 | Posted by ClownShack at 2022-05-23 03:19 PM | Reply

"You are no economic genius.... well, maybe in Somalia you would be, rofl!"

So...economics in Somalia is the same as economics anywhere. It's kinda like weather.

Which you would know if you had taken an econ course.

"Harvard Bus School, and the vast majority of economic theorists, otoh, are much more reliable than a known bomber of myths."

That is absolutely, 100% true. Everything I know about economics I learned from people with a PhD in economics. And there were a lot of them.

How many econ classes have you taken?

It's a serious question. How many?

#52 | Posted by madbomber at 2022-05-23 03:21 PM | Reply

"Libertarians" would just as soon abolish the FDA and let the industry police itself. A few thousand sick or dead babies should be enough to move the invisible hand.

#53 | Posted by JOE at 2022-05-23 03:21 PM | Reply

"You America hating POS."

'Murica!

Amiright?

#54 | Posted by madbomber at 2022-05-23 03:22 PM | Reply

- Everything I know about economics I learned from people with a PhD in economics. And there were a lot of them.

You musta had your hands over your ears, as most real economists now have little use for the wholly dated theory you espouse. A little research would inform you of that.

#55 | Posted by Corky at 2022-05-23 03:26 PM | Reply

"It depends on the conditions of your argument. Do we assume the government is the only entity permitted to purchase wolf skins, or are they operating in a competitive market?"

^
Grasping for straws.

When I said the government would offer triple the going rate, did I say the government would forbid sales to anyone else at any rate?

When the government offers triple the going rate, guess what happens to the going rate? It triples.

#56 | Posted by snoofy at 2022-05-23 03:38 PM | Reply

"Libertarians" would just as soon abolish the FDA and let the industry police itself. A few thousand sick or dead babies should be enough to move the invisible hand.
#53 | POSTED BY JOE

And here's where the mythology falls flat on its face.

Did a million dead Americans convince Trumpers to get vaccinated?

No it did not.

Because humans are not rational actors. Economic or otherwise.

The premise that markets yield "unintended greater social benefits and public good brought about by individuals acting in their own self-interests" is nonsense. I mean, markets might get you that. Or they might get you the opposite. There is really no connection.

#57 | Posted by snoofy at 2022-05-23 03:46 PM | Reply | Newsworthy 2

SadBoomer's only interest is shhting on America.

He's garbage.

#58 | Posted by ClownShack at 2022-05-23 03:50 PM | Reply | Newsworthy 1

That's thing. The FDA never established a definitive connection between the sick babies and the Abbott plant.

Define definitive.

,i>And really, this is sort of a tangental concern. The biggest problem is the US government prohibiting foreign producers from exporting baby formula. Had that been permitted, it's likely the Abbott production facility could have been closed with much less impact on the availability of baby formula.

#45 | POSTED BY MADBOMBER

On this I agree.

But the problem is the America Firsters created the issue when NAFTA was renegotiated.

Kind of rich for them to be blaming Biden for their ---- up.

#59 | Posted by jpw at 2022-05-23 03:58 PM | Reply

"I'm not sure that's even true, but (1) many employers are not super accommodating of the need to pump breastmilk, (2) a busy mother's schedule may not always allow for 20 minutes of pumping every couple of hours (along with constantly washing and sanitizing pumping equipment and the logistics of milk storage), and (3) and some mothers suffer from low milk supply altogether."

Thanks for allowing me to avoid search engines and likely ending up on a watch list.

#60 | Posted by Tor at 2022-05-23 03:59 PM | Reply

LOL Tor. Breast pumps are a lot of work. Particularly on the sanitation side. But also finding the time to pump. Google "breast pump TSA" if you want to see some horror stories.

#61 | Posted by snoofy at 2022-05-23 04:05 PM | Reply

My mistake was assuming that enough to feed the baby for a day could be pumped in a one hour session.

Noooooo thanks on the TSA stories that's TMI lol

#62 | Posted by Tor at 2022-05-23 04:25 PM | Reply

I like the part we're Mad Bomber says economics is like the weather. Nothing could be further from the truth. Economics is a man-made construct. It can go anyway that the people steering it beside it can go. The weather, well just sort of happens if you didn't know that. Economics is not a force of nature.

#63 | Posted by TFDNihilist at 2022-05-23 06:59 PM | Reply

Although humans influence climate.

#64 | Posted by LegallyYourDead at 2022-05-23 08:50 PM | Reply

"Google "breast pump TSA" if you want to see some horror stories."

Especially if you've got a cat.

#65 | Posted by LegallyYourDead at 2022-05-23 08:50 PM | Reply

"You musta had your hands over your ears, as most real economists now have little use for the wholly dated theory you espouse. A little research would inform you of that."

Maybe it's changed.

Since it appears that you keep up on these things, maybe you can give me the BLUF.

#66 | Posted by madbomber at 2022-05-24 01:28 AM | Reply

"Define definitive."

As in, we, the FDA have looked at the research and made an undeniable connection between the infections in the four babies and Abbot Baby formula.

#67 | Posted by madbomber at 2022-05-24 01:30 AM | Reply

"When the government offers triple the going rate, guess what happens to the going rate? It triples."

Totally untrue.

That would be the case if the government were the only entity allowed to purchase wolf skins, but in a competitive environment someone else may choose to more than three times the market rate as offered by the government.

#68 | Posted by madbomber at 2022-05-24 01:32 AM | Reply

You could sell to me for the normal rate.
Or you could sell to the gubmint for triple.

What's a rational economic actor to do??!!

#69 | Posted by snoofy at 2022-05-24 01:42 AM | Reply

...made an undeniable connection...
#67 | Posted by madbomber

What's a few more dead babies in the meantime?

#70 | Posted by TFDNihilist at 2022-05-24 07:52 AM | Reply

What's a rational economic actor to do??!!

#69 | POSTED BY SNOOFY AT 2022-05-24 01:42 AM | FLAG:

Sell to both. Getting money back out of government screws with your net profit so the gross profits are less meaningful.

#71 | Posted by sitzkrieg at 2022-05-24 08:22 AM | Reply

Anyways, the baby formula market in the US is very far from free. We can all agree on inspection regs for the most part, and that's not a major barrier to importation. I can get 10 containers of formula from Germany on a boat in a few days. These are common brands in the EU. They can't be sold here because of the label. It takes 10 months for the FDA to approve the label.

There is 1 bill floating around that undue the nonsense instead of temporarily suspending it until there is another shortage. The FORMULA Act. It "would temporarily waive the tariffs on baby formula, temporarily remove the FDA regulations for labeling, and expand the number of products covered by the Women, Infants, and Children (WIC) program, which subsidizes the purchase of baby formula but currently does so only for specific brands. "

It's pushed by... a Republican from Utah of all people.

#72 | Posted by sitzkrieg at 2022-05-24 08:30 AM | Reply

Oh I botched that second part lol. It's still a temporary fix. Needs to be permanent.

#73 | Posted by sitzkrieg at 2022-05-24 08:32 AM | Reply

I can get 10 containers of formula from Germany on a boat in a few days. These are common brands in the EU.

In most cases, that formula is of considerably higher quality than the swill sold in the US.

#74 | Posted by JOE at 2022-05-24 10:54 AM | Reply

Wonderful, Biden's government saves us from a problem Biden's government caused. Only price we have to pay is more of Biden's Government, good and hard.

#75 | Posted by visitor_ at 2022-05-24 12:09 PM | Reply

This level of self-sabotaging protectionism predates Biden. It takes decades to build up.

#76 | Posted by sitzkrieg at 2022-05-24 12:58 PM | Reply

78,000 pounds of infant formula. That's enough for a week for the whiny baby at Mango -------.

#77 | Posted by Nixon at 2022-05-24 02:55 PM | Reply

"You could sell to me for the normal rate. Or you could sell to the gubmint for triple."

If you want a wolf skin, you'll pay more than the government is paying.

You would understand this better if you'd have taken an econ course.

#78 | Posted by madbomber at 2022-05-24 03:39 PM | Reply

"What's a few more dead babies in the meantime?"

No one was going to make parents buy Abbott formula...but the government denied parents the choice.

Maybe they will resort to purchasing black market bathtub formula, since the government has largely created conditions where the legal acquisition of baby formula is difficult and expensive.

#79 | Posted by madbomber at 2022-05-24 03:42 PM | Reply

"In most cases, that formula is of considerably higher quality than the swill sold in the US."

Maybe the restrictions are the result of lobbying by big formula...

#80 | Posted by madbomber at 2022-05-24 03:43 PM | Reply

The government doesn't actually want wolf skins. They just want wolves to be killed. The skin is proof.

I'm not sure what would help you understand this better. Probably nothing, if you haven't figured it out by now.

#81 | Posted by snoofy at 2022-05-24 03:43 PM | Reply

"This level of self-sabotaging protectionism predates Biden. It takes decades to build up"

And it's not just baby formula. The government prohibits the import of many products, especially food products.

#82 | Posted by madbomber at 2022-05-24 03:44 PM | Reply

#81

Then your argument is meaningless, because outside of a handful of hunters, no one is going to pay to kill a wolf. Especially as part of a commercial enterprise.

Once the wolf skin is no longer a commodity, your argument is no longer an economic argument. I mean, think about it, what is the market rate for killing a wolf?

#83 | Posted by madbomber at 2022-05-24 03:47 PM | Reply

You really should take an econ course before entering into a discussion on econ. You just learn from those who have.

#84 | Posted by madbomber at 2022-05-24 03:48 PM | Reply

"Then your argument is meaningless, because outside of a handful of hunters, no one is going to pay to kill a wolf."

Huh? Governments have paid for wolf pelts throughout history. To eradicate wolves.

#85 | Posted by snoofy at 2022-05-24 04:05 PM | Reply

"Once the wolf skin is no longer a commodity, your argument is no longer an economic argument."

But it is a commodity. It's a tokenization of the labor output to kill a wolf. And labor, as you can't help believing, behaves as a commodity at any given times.

#86 | Posted by snoofy at 2022-05-24 04:06 PM | Reply

Wonderful, Biden's government saves us from a problem Biden's government caused. Only price we have to pay is more of Biden's Government, good and hard.

#75 | POSTED BY VISITOR_

STFU ------.

#87 | Posted by jpw at 2022-05-24 04:07 PM | Reply

"I mean, think about it, what is the market rate for killing a wolf?"

Sitzkrieg is the expert I believe, but:

WOLF HUNTS " 7 nights lodging and 6 days hunting
Season Dates: January - March
Two on one hunt (two hunters/one guide) - $4125 per person
One on one hunt (one hunter/one guide) - $5375
Wolf tag - $50 online or over the counter*
*Must be purchased 24 hours prior to hunt.
www.fishmontana.com

#88 | Posted by snoofy at 2022-05-24 04:11 PM | Reply

"Huh? Governments have paid for wolf pelts throughout history. To eradicate wolves."

Yes, but that's a service. They're not looking to purchase a commodity (wolf skins), so the impact would be most felt on hunters choosing to hunt wolves over something else. And even then, it could be that some other organization would be willing to pay more for a focused depredation effort in a more focused area.

#89 | Posted by madbomber at 2022-05-24 04:23 PM | Reply

#88

Is it your assertion that the government would pay three times more than the rates you listed to kill wolves?

Even if it did, if someone really wanted to kill a wolf, they could outbid the government.

#90 | Posted by madbomber at 2022-05-24 04:25 PM | Reply

#88 | POSTED BY SNOOFY AT 2022-05-24 04:11 PM | FLAG:

You can't include the guide price. Only the tag you should count as monetization. At least in my opinion. There are people that can just open their back door and shoot a wolf if they have a tag.

#91 | Posted by sitzkrieg at 2022-05-24 04:28 PM | Reply

You can also guide yourself. Pro guides are nothing more than a luxury.

#92 | Posted by sitzkrieg at 2022-05-24 04:30 PM | Reply

"Yes, but that's a service. They're not looking to purchase a commodity (wolf skins)"

They purchase the commodity as proof of the service rendered.

#93 | Posted by snoofy at 2022-05-24 04:31 PM | Reply

"They purchase the commodity as proof of the service rendered."

Dude, yer killing me here. Please take an econ course.

#94 | Posted by madbomber at 2022-05-24 05:01 PM | Reply

It makes no difference why the government is purchasing wolf pelts. The mere fact that they are in the market.... makes the market.

#95 | Posted by snoofy at 2022-05-24 05:05 PM | Reply

They purchase the commodity as proof of the service rendered.

#93 | POSTED BY SNOOFY AT 2022-05-24 04:31 PM | FLAG:

Well, no. They purchase the opportunity. Success is not guaranteed. You can pay the guide and never see a single animal. No refunds.

#96 | Posted by sitzkrieg at 2022-05-24 06:07 PM | Reply

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