Political Quotes

“the reason the market price is always above the quota price is because the peanut program is not just a price program, it is also a quota program. It limits the supply. So, of course, the Secretary tells peanut growers how much they can plant, and they tell them to make sure that the demand is always higher than the supply. Therefore, the price, yes, is always higher than the quota price because the program makes it that way. That is No. 1. With respect to these deficiency payments, I would be happy to meet in the back with the Senator from Alabama and would be very willing to get rid of the loan program that peanuts have and turn it into a target pricing scheme. I would love to do that. In fact, it has been offered many times to the peanut growers to do that, but they don't do that. Why? Because the system they have right now is so ridiculously lucrative, they would never opt for something like that. Peanut quota holders get twice--twice--per ton for their peanuts than what the world market price is. They get almost $700 a ton for their peanuts, and the world price is $350 a ton. No wonder they don't want to go to a target pricing scheme or some other scheme. They have the best deal in town. What we want to do is say, ``OK, you've got the best deal in town.'' I can't beat him. The Senator from Alabama, bless his heart, whops me every time I come to the floor on this amendment.…”