Trump's socialism: Farm aid from Trump’s trade war has cost more than double the 2009 auto bailout

[Denizen]

The GOP was a strong critic of the 2009 auto industry bailout, but those voices are silent now.

Donald Trump has turned American farmers into involuntary welfare recipients.

It is not only the farmers that are hurt, but it is also rural communities as the cash flow dries up causing job losses in towns and business bankruptcies outside direct farming.

The harm has also spread to agricultural equipment suppliers.

Farm aid from Trump’s trade war has cost more than double the 2009 auto bailout

Farm aid from Trump’s trade war has cost more than double the 2009 auto bailout

Farmer subsidies from the Trump administration aimed at mitigating the effects of the U.S.-China trade war have reached $28 billion, about double the amount of money shelled out in the government bailout of Detroit automakers in 2009, Bloomberg reports.

Why it matters: Trump's bailout still doesn't cover all of the farmers' losses. The government has provided $973 million in aid to Iowa farmers during a trade war that is estimated to have cost them $1.7 billion in losses, according to Iowa State University researchers cited by Bloomberg. ...

 

[Sunni Man]

 

[Oddball]

Since when have the moonbats been against farm subsidies?

 

[whitehall]

So the auto bailout of 2009 was socialism?

 

[Intolerant]

 

[Third Party]

The GOP was a strong critic of the 2009 auto industry bailout, but those voices are silent now.

Donald Trump has turned American farmers into involuntary welfare recipients.

It is not only the farmers that are hurt, but it is also rural communities as the cash flow dries up causing job losses in towns and business bankruptcies outside direct farming.

The harm has also spread to agricultural equipment suppliers.

Farm aid from Trump’s trade war has cost more than double the 2009 auto bailout

Farm aid from Trump’s trade war has cost more than double the 2009 auto bailout

Farmer subsidies from the Trump administration aimed at mitigating the effects of the U.S.-China trade war have reached $28 billion, about double the amount of money shelled out in the government bailout of Detroit automakers in 2009, Bloomberg reports.

Why it matters: Trump's bailout still doesn't cover all of the farmers' losses. The government has provided $973 million in aid to Iowa farmers during a trade war that is estimated to have cost them $1.7 billion in losses, according to Iowa State University researchers cited by Bloomberg. ...

Better this than bow to China-unless THAT is what you want?

 

[g5000]

The trade deficit with China has massively increased during Trump's Administration. The Dow has been flat since the beginning of the idiotic tariff war. The ISM curve is bending down. Manufacturers are being hurt. Farmers are being hurt.

This is Trump's idea of winning...

And who did he just blame in a tweet this morning for all this?

Jay Powell! The chairman of the Fed.

If Jay Powell is responsible, then maybe Trump should fire the guy who hired Powell.

 

[justoffal]

The GOP was a strong critic of the 2009 auto industry bailout, but those voices are silent now.

Donald Trump has turned American farmers into involuntary welfare recipients.

It is not only the farmers that are hurt, but it is also rural communities as the cash flow dries up causing job losses in towns and business bankruptcies outside direct farming.

The harm has also spread to agricultural equipment suppliers.

Farm aid from Trump’s trade war has cost more than double the 2009 auto bailout

Farm aid from Trump’s trade war has cost more than double the 2009 auto bailout

Farmer subsidies from the Trump administration aimed at mitigating the effects of the U.S.-China trade war have reached $28 billion, about double the amount of money shelled out in the government bailout of Detroit automakers in 2009, Bloomberg reports.

Why it matters: Trump's bailout still doesn't cover all of the farmers' losses. The government has provided $973 million in aid to Iowa farmers during a trade war that is estimated to have cost them $1.7 billion in losses, according to Iowa State University researchers cited by Bloomberg. ...

You're not very good at math....ever hear of Algebraic sums? The revenue from the Tariffs was enormous and helped to offset that cost but more importantly Chinese theft of intellectual and manufactured American products via cheap labor and criminal skirting of Environmental, financial and ethical standards cost hundreds of times more than the mere pittance you are crying about. The Chinese are paying you ten dollars to keep you eyes shut while they steal ten thousand out of your pocket...and they have you thinking you made a profit from the deal while at the same time your legislators are being paid to keep their hands over your eyes in return for you vote. That is you...

JO