David Frum

@davidfrum ↗

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Last Checked Jan. 30, 2023

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Sat Jan 21 14:52:57 +0000 2023

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David Frum @davidfrum

The Biden plan for beef amounted, basically, to $500 million in subsidies for smaller meatpackers in hopes that this would translate into more "resiliency" in the industry, more competition, and therefore lower prices. https://t.co/4OFnUzzzKd — PolitiTweet.org

Posted Jan. 21, 2023

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David Frum @davidfrum

But the decline in beef prices should also warn the Biden administration against its own bad impulses. When beef prices spiked, the Biden administration blamed greed and collusion by meatpackers and vowed action. I wrote then how wrong this was https://t.co/4OFnUzzzKd — PolitiTweet.org

Posted Jan. 21, 2023

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David Frum @davidfrum

The Biden beef plan was probably 90% cynical politics. "We must do something. This is something. Let's do this." But there was a dose of real anti-market thinking there too. Which, I wrote in 2021 was foolish, dangerous, and unnecessary. https://t.co/4OFnUzzzKd — PolitiTweet.org

Posted Jan. 21, 2023