Reagan hands out election-year goodies to key voters
Between high interest rates and falling land prices, many farmers are in serious trouble, suffocating in a credit squeeze.
So what is the presidential candidate's solution?
During a campaign trip to rural Iowa, he outlined "a major initiative to assist farmers trying to cope with debt burdens." It was an emergency aid scheme of the kind Democrats are wont to suggest, involving a stretched-out repayment schedule for Government loans and federal guarantees of private credit. The package could cost as much as $1.3 billion.
And what does...