SocraticGadfly: The real reason Bush wants to veto the farm bill could be …

May 15, 2008

The real reason Bush wants to veto the farm bill could be …

The closure of the “Enron loophole” that it contains as an amendment.

The “Enron loophole” is the loophole that exempts e-trading energy speculators from regulatory oversight:
Some argue that the unregulated energy speculation, codified in 2000, can account for $20 to $25 in the jump in oil prices.

Fortunately, the farm bill passed both House and Senate by veto-proof margins.

Frankly, the “Enron loophole” is much more of a benefit to rich people than is the higher-income farm subsidies Bush keeps bitching about.

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