Will the government bail out farmers next year

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Ms. Bartiromo: Quick follow up. Governor Romney, you said government shouldn't get involved in business and free markets, but yet we subsidize farmers to the tune of $26 billion last year. Will the government end up bailing out farmers again?

 

Mr. Romney: I believe in domestic supports for our agriculture industry. I don't see our food supply being the same kind of jeopardy situation that our energy supply is in. And clearly, there's a responsibility of government to make sure that our farmers are treated on the same basis as farmers in Europe and other markets that we compete with when the middle of the Doha round at the WTO talks. And if we find a way to bring down subsidies around the world, that will be good news.

 

But with regards to energy -- and that's really the heart of what we're describing here -- one side of this is, of course, the fear. The fear of the fact that we face global warming. That we face serious competitive challenges globally unless we become serious with our getting prices of energy down.

 

Mr. Romney: But the other is the opportunity. It's a great opportunity for America to develop technology to lead the world in energy efficiency as well as energy production.

And whether it's nuclear or liquefied coal, where we sequester the CO2, far more fuel-efficient automobiles -- by the way, where bureaucrats don't write the rules, but where business people come together and say, "Let's find a way to make sure that the American, the domestic industry can thrive."

 

These are some of the incentives that have to be behind our policies with regard to our investments, the new technologies like ethanol.

 

Ms. Bartiromo: Thank you.

 

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