“If we want to sell more beef to Asia, we need more refrigerated warehouses. If we want to sell more pharmaceuticals and aerospace equipment, we need safe and secure transport facilities,” he said. “I am a strong supporter of this initiative.”

Missouri Speaker of the House Steven Tilley did it (emphasis mine):

Tilley said while the cargo hub would bring in planes filled with imports, the returning flights will open new markets for Missouri agricultural exports, specifically beef.

And former U.S. Senator Kit Bond did it, too. (Audio: Fast-forward to 14:45.)

Yet no matter which way you cut it, beef is — according to the Department of Agriculture — ineligible for export to China. If you loaded American beef onto an airplane tomorrow, it seems pretty clear that it could not go to China under these regulations. So every time a politician touts this beef angle, taxpayers should keep this important fact in mind.

We noted the beef prohibition in our Aerotropolis case study, specifically citing internal emails from Jason Van Eaton, the current China Hub executive director and a former high-level staffer to Sen. Bond. The relevant part (emphasis mine):

Bottom line, pork is officially open between the US and China. Beef is not but the word is that it will open soon … but that’s been the word for months. Many other trade issues keeping this tied up right now.

“Beef is not.”

Kudos to Sen. Jason Crowell, then, for telling his constituents in southeast Missouri how the beef export aspect really plays out (emphasis mine.):

“It will help the job market in St. Louis and our neck of the woods as well,” [Speaker] Tilley said, noting that many people in Perryville, Farmington and Cape Girardeau County drive to work in the St. Louis area. The increased tax revenue from about 20,000 jobs created by the Aerotropolis project would also provide more money for schools and transportation statewide, he said.

“Things that make St. Louis thrive spill over to help the rest of Missouri,” Brandom said.

But Crowell called Aerotropolis a “boondoggle for St. Louis” and said it will not help Southeast Missouri cattle producers because China has a ban on imported beef.

“We’re not stupid down here,” Crowell said. “We can see when politicians who want to take St. Louis money speak down to their constituents.”

As the old Wendy’s ad asks, “Where’s the Beef?”

Much more soon.

The post ‘Where’s the Beef?’ A Reminder That American Beef Products Are Ineligible for Export to China appeared first on Show-Me Institute.

The controversy surrounding this act raises two questions. First, how can we create more reliable sources for medical supplies that are difficult to produce? Both economic theory and our own history of imports and exports make it obvious that tariffs and bans on trade disproportionately harm the country that refuses to trade with others. Domestic production of medical isotopes would require massive government subsidies in order to upgrade nuclear reactors, such as the one owned by the University of Missouri for research purposes. Cutting off outside supplies of the isotopes, which is the intended purpose of the act, would drastically reduce efficiency in the production of medical isotopes and decrease the welfare of patients who need regular treatments with them. Although other countries are capable of making this product at present, and we are not, supporters of the act suggest that closing our doors to our current suppliers of medical isotopes would result in a more reliable supply.

The second question raised by the Isotope Production Act is more emotionally charged. What if terrorists get hold of the HEU and use it to construct bombs? Often, when fear is highlighted in a policy issue, it is used to distract voters from facts. Whether dealing with phone calls, airport security, or ingredients that could potentially be used to create weapons, it is important not to become so carried away by suspicion that we sabotage ourselves in other ways. Cancer and terrorism are both scary, but isotope technology can do something about cancer. Restricting it so severely, on the other hand, won’t put a dent in the many readily available materials that can be used to hurt people. The real market for medicines is too important to allow paranoia to dictate supply and demand.

The post Tumors, Tariffs, and Terrorism appeared first on Show-Me Institute.

There are about 900 jobs in the Saint Louis area involved in manufacturing the aircraft, and if its production is ultimately discontinued, they will no doubt be at least temporarily worse off.  However, if we want to have lower taxes in the future, we must cut spending and pork projects like the C-17 — even though they are a small part of the total budget — are one of the easier places to start. If such wasteful programs are eliminated, the money spent on them can be returned to the people of Missouri, who can spend it on far more beneficial things than a redundant, military-industrial complex boondoggle.

The post Pork for Me but not for Thee appeared first on Show-Me Institute.

Thank God the employees of the federal government got their pay raises. I was definitely worrying that millions of government bureaucrats would not get a raise during the recession, while millions of others lose their jobs completely. Who cares that there has not been a cost of living increase? Let’s give them one anyway!

Federal workers would receive pay increases averaging 2 percent, with people in areas with higher living costs receiving slightly higher increases.

Do you love earmarks? Well, it’s got earmarks!

The measure contains 5,224 pet projects for lawmakers totaling $3.9 billion, according to Taxpayers for Common Sense, a Washington-based watchdog group.

And don’t worry, Missouri got ours, too. I love Kit Bond, and would absolutely vote for him if he was running for reelection, but why can’t Kansas City pay for its own community center?

[…] Christopher Bond of Missouri, pulled down 21 projects worth $32.5 million from the some portion of the bill, including $2.5 million for a community center in Kansas City.

Don’t take that personally, KC — if they had cited a St. Louis project, I would have gone with that instead. Hey, while we are at it, let’s stick it to the children:

It also would phase out a D.C. school voucher program favored by Republicans […]

And I won’t do anything but quote the article when it comes to Missouri’s other senator’s vote:

The Democrats opposed were Sens. Evan Bayh of Indiana, Russ Feingold of Wisconsin, and Claire McCaskill of Missouri — who voted “no” only after Lieberman arrived to ensure the bill would advance.

I realize this kind of vote planning happens all the time in politics, but still. … This entire story makes me need a drink.

The post Horrible Stuff Up and Down New Federal Spending Bill appeared first on Show-Me Institute.

I provided background about the Show-Me Institute and spoke briefly about property taxes and assessments. There were a number of Republican local elected officials there, and representatives of federal officeholders like Rep. Todd Akin and Sen. Kit Bond.

This was a township forum, not a tea party protest, but it quickly became clear that a number of tea party protesters also attended this event in order to have an opportunity to talk to some of their representatives. Here, though, the elected officials predominantly agreed with them, and the term “preaching to the choir” was used several times.

I love the tea party movement. I love that people are getting involved in their democracy. I appreciate that many tea party activists used to participate in real-world civics only through voting once — maybe twice — every four years, and now they are becoming more fully involved in the process. I would personally like to have heard a little less lecturing and condescension in some of the comments by the tea party activists last night, but you never get everything you want in life.

All in all, it was a terrific meeting and we thank Meramec Township for inviting us. Remember, Show-Me Institute staff and scholars are always available to speak about public policy to your political or civic group, of any party or affiliation.

The post Tea Party Etiquette appeared first on Show-Me Institute.

“It sounds really neat to think we’re going to have wind-powered jobs, except I don’t see cars going down the road with propellers on them.”

Bond argues that incentives for these jobs entail a lot of waste. The government provides a huge incentive, and the resulting jobs are few and far between. I’m inclined to agree with him. It’s nothing personal against the environment or job creation. When the state subsidizes any job, you can bet that it doesn’t make sense economically. Private businesses would step up to the plate if it did, without having to be coaxed by incentives.

Bracken Hendricks of the Center for American Progress, who is apparently an expert in PR, puts a positive spin on inefficiency:

“He made it sound like federally funded purchase of jobs when what we’re talking about is smart incentives and public investment in new infrastructure,” Hendricks said.

The post Green Jobs appeared first on Show-Me Institute.

Sen. Bond also called for "Streamlining the oil refinery permitting process, without relaxing any requirements." Hooray! I am OK with taking baby steps to get the the free market, as long as we get there. The U.S. government has put up so many regulations, it has become nearly impossible to build refineries. Hopefully, this "streamlining" can lead to some deregulation, and we can see a substantial drop in gas prices. All in all, I think Sen. Bond summed it up best when criticizing a colleague who actually suggested the oil industry be nationalized (no joke, albeit that is funny):

"I can tell you, you don’t want the government running energy. The free
market may not be perfect, but it doesn’t screw things up like the
government does."

Oh, and of course we can talk about the taxation issue as well, but Justin has already covered that aspect.

The post They Call Him Bond … Kit Bond appeared first on Show-Me Institute.