Who else will get a bailout after Trump/Republican tariffs?

[Toddsterpatriot]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

Do not forget that the tariffs are a form of a bailout themselves that are paid for by each of us as the cost of the tariffs are passed on to the consumer.

It is an artificial way of increasing inflation....something else Republicans have claimed to be against, in the past.

It is an artificial way of increasing inflation....

"Inflation is always and everywhere a monetary phenomenon" Milton Friedman

 

[Cellblock2429]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

/—-/ But it was ok for Obozo to bail out the insurance companies that were hurt by Obozocare.

 

[martybegan]

We bail out failing automotive companies so they can rebuild overseas.
We bail out countries that hate us.
We bail out corrupt politicians.
We bail out all kinds of people for some bullshit reasons.
While i dont think this issue with the farmers should happen, the outrage is a bunch of bullshit.

And considering this is part of the long game when it comes to trying to balance our Trade, it might end up returning far more value later on.

Also, wasn't one of the original democrat/prog gripes that tariffs would hurt farmers?

Well Trump is trying to fix that short term, so now the farmers can go suck an egg?

Consistency isn't in the progressive playbook it seems.

 

[Frank the Tank]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008).

How did Gramm/Leach/Bliley lead to the crash? Any specifics?

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset. Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets. That was largely wiped away with that bill and many experts agree that even though it wasn't the only reason for the crash...it was one of the largest contributors.

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset.

Can you explain this claim further?

Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets.

Glass-Steagall didn't prevent banks from writing bad mortgages.

Here is a good explanation. I would pay particular attention to how banks and securities affected one another.
Gramm-Leach-Bliley Act (S. 900): A Major Step Toward Financial Deregulation

 

[TNHarley]

We bail out failing automotive companies so they can rebuild overseas.
We bail out countries that hate us.
We bail out corrupt politicians.
We bail out all kinds of people for some bullshit reasons.
While i dont think this issue with the farmers should happen, the outrage is a bunch of bullshit.

OK....you're against Trump/Republican tariffs; got it.

I am against bailing out farmers. I am against bailing out anyone.
I dont work to cover other peoples failures.

I understand that.....I also understand that not all 'bailouts' are created equal. When the country's economy is spiraling the toilet, I would expect the Federal Government would do what it can to stabilize it. Unfortunately, the usual levers the Fed could pull (in 2008) weren't available at the time which is why the Federal Government had to use other means.

What do you mean?

 

[TNHarley]

We bail out failing automotive companies so they can rebuild overseas.
We bail out countries that hate us.
We bail out corrupt politicians.
We bail out all kinds of people for some bullshit reasons.
While i dont think this issue with the farmers should happen, the outrage is a bunch of bullshit.

And considering this is part of the long game when it comes to trying to balance our Trade, it might end up returning far more value later on.

Also, wasn't one of the original democrat/prog gripes that tariffs would hurt farmers?

Well Trump is trying to fix that short term, so now the farmers can go suck an egg?

Consistency isn't in the progressive playbook it seems.

Consistency isnt part of a partisans playbook at all.

 

[Toddsterpatriot]

In other financial news.....within the last few weeks, we just got news that real wages WENT DOWN 0.2% in (Q1 & Q2 of 2018) after the Trump/Republican corporate tax welfare bill in 2017. Remember, Republicans claimed the increase to the budget deficit to over $1 trillion would directly translate into better wages for average Americans. It hasn't.
How the Republican tax cuts are failing workers, in one chart

Incidentally, wages went UP in 2015 nearly 2.5% (remember...that was a time where Republicans claimed the economy was 'failing')?!

Yet another example of right wing duping the poorly informed..........

This should NOT surprise anyone because blank checks like what the GOP wrote in 2017 rarely result in sustainable growth. Why would it?

Incidentally, wages went UP in 2015 nearly 2.5% (remember...that was a time where Republicans claimed the economy was 'failing')?!

Real average hourly earnings rise 1.1 percent from January 2015 to January 2016

Real average hourly earnings rise 1.1 percent from January 2015 to January 2016 : The Economics Daily: U.S. Bureau of Labor Statistics

It appears you may be poorly informed.....

 

[Frank the Tank]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

/—-/ But it was ok for Obozo to bail out the insurance companies that were hurt by Obozocare.
View attachment 206873

Big difference being that Obamacare was dealing with rising health care costs that have been a problem for people/business for decades. It was also translating into better health insurance at more affordable prices.

This bailout is dealing with a self inflicted problem caused by Trump/Republicans. You're comparing apples to alligators.

 

[Frank the Tank]

We bail out failing automotive companies so they can rebuild overseas.
We bail out countries that hate us.
We bail out corrupt politicians.
We bail out all kinds of people for some bullshit reasons.
While i dont think this issue with the farmers should happen, the outrage is a bunch of bullshit.

And considering this is part of the long game when it comes to trying to balance our Trade, it might end up returning far more value later on.

Also, wasn't one of the original democrat/prog gripes that tariffs would hurt farmers?

Well Trump is trying to fix that short term, so now the farmers can go suck an egg?

Consistency isn't in the progressive playbook it seems.

Trump/Republicans created the problem in the first place for God's sake.

You're essentially giving Trump credit for putting out the fire he started.

Brilliant.

 

[Cellblock2429]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

/—-/ But it was ok for Obozo to bail out the insurance companies that were hurt by Obozocare.
View attachment 206873

Big difference being that Obamacare was dealing with rising health care costs that have been a problem for people/business for decades. It was also translating into better health insurance at more affordable prices.

This bailout is dealing with a self inflicted problem caused by Trump/Republicans. You're comparing apples to alligators.

/——/ Obozocare was self inflicted and would cripple the insurance companies unless Obozo offered them a bailout. The president is defending US interests and needs to negotiate from a position of power. Savvy that?

 

[Toddsterpatriot]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008).

How did Gramm/Leach/Bliley lead to the crash? Any specifics?

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset. Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets. That was largely wiped away with that bill and many experts agree that even though it wasn't the only reason for the crash...it was one of the largest contributors.

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset.

Can you explain this claim further?

Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets.

Glass-Steagall didn't prevent banks from writing bad mortgages.

Here is a good explanation. I would pay particular attention to how banks and securities affected one another.
Gramm-Leach-Bliley Act (S. 900): A Major Step Toward Financial Deregulation

Thanks for the link.
I didn't see anything in there about "allow[ing] them to lend multiple times on one asset"

 

[TNHarley]

We bail out failing automotive companies so they can rebuild overseas.
We bail out countries that hate us.
We bail out corrupt politicians.
We bail out all kinds of people for some bullshit reasons.
While i dont think this issue with the farmers should happen, the outrage is a bunch of bullshit.

And considering this is part of the long game when it comes to trying to balance our Trade, it might end up returning far more value later on.

Also, wasn't one of the original democrat/prog gripes that tariffs would hurt farmers?

Well Trump is trying to fix that short term, so now the farmers can go suck an egg?

Consistency isn't in the progressive playbook it seems.

Trump/Republicans created the problem in the first place for God's sake.

You're essentially giving Trump credit for putting out the fire he started.

Brilliant.

What would you have done if obama subsidized tire companies when he raised tariffs on tires?

 

[MordechaiGoodbud]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008).

How did Gramm/Leach/Bliley lead to the crash? Any specifics?

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset. Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets. That was largely wiped away with that bill and many experts agree that even though it wasn't the only reason for the crash...it was one of the largest contributors.

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset.

Can you explain this claim further?

Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets.

Glass-Steagall didn't prevent banks from writing bad mortgages.

Instead of asking ignorant questions, how about using google?

 

[Toddsterpatriot]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008).

How did Gramm/Leach/Bliley lead to the crash? Any specifics?

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset. Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets. That was largely wiped away with that bill and many experts agree that even though it wasn't the only reason for the crash...it was one of the largest contributors.

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset.

Can you explain this claim further?

Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets.

Glass-Steagall didn't prevent banks from writing bad mortgages.

Instead of asking ignorant questions, how about using google?

Why would I use Google to back-up his made up claims?

 

[Frank the Tank]

In other financial news.....within the last few weeks, we just got news that real wages WENT DOWN 0.2% in (Q1 & Q2 of 2018) after the Trump/Republican corporate tax welfare bill in 2017. Remember, Republicans claimed the increase to the budget deficit to over $1 trillion would directly translate into better wages for average Americans. It hasn't.
How the Republican tax cuts are failing workers, in one chart

Incidentally, wages went UP in 2015 nearly 2.5% (remember...that was a time where Republicans claimed the economy was 'failing')?!

Yet another example of right wing duping the poorly informed..........

This should NOT surprise anyone because blank checks like what the GOP wrote in 2017 rarely result in sustainable growth. Why would it?

Incidentally, wages went UP in 2015 nearly 2.5% (remember...that was a time where Republicans claimed the economy was 'failing')?!

Real average hourly earnings rise 1.1 percent from January 2015 to January 2016

Real average hourly earnings rise 1.1 percent from January 2015 to January 2016 : The Economics Daily: U.S. Bureau of Labor Statistics

It appears you may be poorly informed.....

Try again.....

Although, even if you go with 1.1% (which is NOT true).....are you using a Republican calculator that somehow states that -0.2% is higher than +1.1%?!

Great 'argument'?????

Here are some real facts you can reflect upon......also, take a look at Obama's last year:
Donald Trump is wrong about wage trends

Wages and salaries for private industry workers increase 2.6 percent over the year ended June 2016 : The Economics Daily: U.S. Bureau of Labor Statistics

 

[Frank the Tank]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008).

How did Gramm/Leach/Bliley lead to the crash? Any specifics?

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset. Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets. That was largely wiped away with that bill and many experts agree that even though it wasn't the only reason for the crash...it was one of the largest contributors.

Gramm/Leach/Bliley essentially deregulated banks and allowed them to lend multiple times on one asset.

Can you explain this claim further?

Prior to Glass/Steagall repeal (which was repealed with the GLB bill), there were rules set in place in how banks would lend and hold assets.

Glass-Steagall didn't prevent banks from writing bad mortgages.

Here is a good explanation. I would pay particular attention to how banks and securities affected one another.
Gramm-Leach-Bliley Act (S. 900): A Major Step Toward Financial Deregulation

Thanks for the link.
I didn't see anything in there about "allow[ing] them to lend multiple times on one asset"

For God's sake.....I cannot do the reading for you.

 

[martybegan]

We bail out failing automotive companies so they can rebuild overseas.
We bail out countries that hate us.
We bail out corrupt politicians.
We bail out all kinds of people for some bullshit reasons.
While i dont think this issue with the farmers should happen, the outrage is a bunch of bullshit.

And considering this is part of the long game when it comes to trying to balance our Trade, it might end up returning far more value later on.

Also, wasn't one of the original democrat/prog gripes that tariffs would hurt farmers?

Well Trump is trying to fix that short term, so now the farmers can go suck an egg?

Consistency isn't in the progressive playbook it seems.

Trump/Republicans created the problem in the first place for God's sake.

You're essentially giving Trump credit for putting out the fire he started.

Brilliant.

The problem is trade imbalances caused by unfair trade practices.

Tariffs are Trumps attempt to fix the problem, they are not the problem itself.

 

[Cellblock2429]

We bail out failing automotive companies so they can rebuild overseas.
We bail out countries that hate us.
We bail out corrupt politicians.
We bail out all kinds of people for some bullshit reasons.
While i dont think this issue with the farmers should happen, the outrage is a bunch of bullshit.

And considering this is part of the long game when it comes to trying to balance our Trade, it might end up returning far more value later on.

Also, wasn't one of the original democrat/prog gripes that tariffs would hurt farmers?

Well Trump is trying to fix that short term, so now the farmers can go suck an egg?

Consistency isn't in the progressive playbook it seems.

Trump/Republicans created the problem in the first place for God's sake.

You're essentially giving Trump credit for putting out the fire he started.

Brilliant.

What would you have done if obama subsidized tire companies when he raised tariffs on tires?

/——/ He would say, see how compassionate Obama is?

 

[Frank the Tank]

Now that Donald Trump acknowledges the economic damage his tariffs are doing by offering farmers a $12 BILLION bailout for damage caused by the tariff HE and REPUBLICANS have imposed....there are numerous questions that should be asked. Tops among them would be what other self imposed government spending should we expect?

So...if farmers get a bailout for economic damage caused by this President....who else will get a bailout?! Plus, of course, how many tax dollars will be sacrificed to do so?
On Trump's farm bailout, the GOP doth protest too much

We are seeing a pattern develop where Republican policy leads to gigantic bailouts (see Gramm/Leach/Bliley Republican bill that passed in 1999 that led to the economic crash in 2008). We are also seeing that Republican legislation often leads to large swaths of Republican spending to accommodate for that Republican legislation.

We should, at minimum, be able to say that Republicans are NOT the party of 'fiscal responsibility'...it is the exact opposite.

/—-/ But it was ok for Obozo to bail out the insurance companies that were hurt by Obozocare.
View attachment 206873

Big difference being that Obamacare was dealing with rising health care costs that have been a problem for people/business for decades. It was also translating into better health insurance at more affordable prices.

This bailout is dealing with a self inflicted problem caused by Trump/Republicans. You're comparing apples to alligators.

/——/ Obozocare was self inflicted and would cripple the insurance companies unless Obozo offered them a bailout. The president is defending US interests and needs to negotiate from a position of power. Savvy that?

He is hurting US interests....that's precisely the point.

 

[Hellokitty]

Basically US raw harvests are sold to China where they are refined and shipped to Mexico where they are processed and sold back to the US.