Moratorium on Regulations Could Help Turn Economy Around
Perhaps they aren’t the only answers - but Iowa GOP Senator Chuck Grassley says three things could be done to get this economy turned around and get businesses large and small hiring again…
“One; get this deficit under control. Number two; stop the biggest tax increases in the history of the country from happening on December 31, 2012, and lastly a two-year moratorium on regulations.”
That last idea is one that more than 75 agricultural groups, farmer co-ops and agribusinesses have asked leaders of the House and Senate Ag Committees to suggest to the Joint Select Committee on Deficit Reduction.
Soybean Exports Expected to Rise Exponentially
There’s anticipated to be significant growth in the next decade in international demand for soybeans. U.S. Soybean Export Council CEO Jim Sutter says economic forecasts indicate soybean exports will jump to 67 percent of U.S. production by 2021…
“And that’s not to say that consumption in this country would be going down by that time. Consumption here would be flat to going up slightly, that seems to fit with what we expect. We can’t take that for granted, we have to be careful, but we seem to be in a ‘sweet spot’ in that the world wants what we have to produce.”
Even though anticipated growth is significant, Sutter says the current export figure, 56 percent of U.S. production, is in itself impressive.
Obama Says Jobs Bill Will be Implemented One Way or Another
President Obama met with his Jobs Council in Pittsburgh and told them he is going to implement whatever he can without Congressional approval ... and if Congress does not pass his whole jobs bill he will break it up into smaller parts which can pass ...
“I don’t know how congress will respond to the overall package. But, our expectation is that if they don’t pass the whole package, we’re going to break it up into constituent parts.”
South Korea Could Move Quickly on U.S. FTA
South Korea’s top negotiator is offering reassurances that his government will ratify the U.S. – South Korea Free Trade Agreement shortly after its expected approval in Washington. According to South Korea’s Trade Minister Kim Jong-hoon, Seoul will also ease domestic concerns about the pact in much the way the United States has — by attaching an assistance program for workers hurt by foreign competition. The U.S. Congress could approve the agreement as early as today.