John Ransom

I got a happy email Dick Armey celebrating the defeat of Richard Lugar in the US Senate race for Indiana. Not that I would EVER say I told you so, but here are two columns I wrote about that race back in September of 2011 and October of 2011 telling you so before I told you so…sooooo…:  

Tea Party Favorite Blasts Lugar on $165k Fed Subsidies Sep 14th, 2011

US Senate candidate and Indiana State Treasurer Richard Mourdock blasted US Senator from Indiana, Richard Lugar, the incumbent Republican he’s trying to unseat, over farm subsidy payments that Lugar received from 1995 to 2010.

The record shows that Lugar has a long history of rent-seeking from the US government even while singing the praises of free markets.

Mourdock, the presumed Tea Party favorite, according to Greg Fettig head of Tea Party-centric Hoosiers for Conservative Senate, is Treasurer of one of the few states operating in the black this year. But still, he faces an uphill battle to oust the quintessential “establishment” Republican in Lugar.  

According to records compiled by the Farm Subsidy database, Lugar received $165,687 in farm subsidies during a decade and half in the Senate, including the six years he spent as chairman of the Senate Agricultural Committee, from 1995 to 2001.

“As part of his month long visit to Indiana in August,” Mourdock told Townhall Finance “Senator Dick Lugar on multiple occasions spoke of eliminating subsidies for sugar growers, yet he remained completely silent about the fact, according to, that he has been personally receiving farm payments from the federal government on wheat, corn and soy beans for many years on acres he owns in Indiana.”

“It comes back to the protection of a very few [sugar] growers who have had a hammerlock on [prices], and they are not unique. I’m opposed to subsidies in general,” Lugar told Chicago’s Public Radio station WBEZ about sugar subsidies.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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