When the Biden Administration proposed a massive federal tax per head of cattle to fight “global warming” at first we thought that it made the futures market go crazy creating a rise in prices.
Fortunately the Senate was able to strip the cattle tax out of the Biden tax and spend “Build Back Better” bill and then of course the bill itself failed to win enough votes in the Senate.
An investigation by veteran reporter Sharyl Attkisson has revealed that four meat packing companies have been colluding to set prices higher. This is of course an illegal anti-competitive practice that should be getting the attention of the anti-trust division of the Department of Justice.
Why there has not been prosecution we do not know, but we do know that the Biden Administration has put fourth a plan to spend a billion dollars to create a new beef packing competitor. Said competitor will no doubt be a big Democrat donor.
Our concern is that this will end up like the billions spent by the Obama Administration on green energy boondoggles where your money was steered towards Democrat donors who started junk bond status green energy companies to pay themselves, kick some of the money back to the Democratic Party, and promptly go out of business.
It is no secret that the radical environmental lobby hates beef and wants you to eat tofurkey.