Crony Watch: Sugar daddy

You know that there is no risk that the "sequester" is threatening the core missions of the federal government, the political rhetoric notwithstanding, when the Obama administration is considering doing this:

The U.S. Department of Agriculture is considering buying 400,000 tons of sugar—enough for 142 billion Hershey's Kisses—to stave off a wave of defaults by sugar processors that borrowed $862 million under a government price-support program.

In addition to feeling Mayor Bloomberg's pain -- we await his vocal denunciation with bated breath -- we are forced to consider whether the lapdog media will locate sufficient spine to point out that the obvious purpose of the bailout is to avoid a default on... a bailout! And, of course, the resulting political embarrassment for the president.

Oh, and we will all pay more for our processed foods as a result. There was a day when we went to war over that sort of thing.