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

[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.....

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

Although, even if you go with 1.1% (which is NOT true)

The Bureau of Labor Statistics was wrong about real hourly earnings? DERP!

are you using a Republican calculator that somehow states that -0.2% is higher than +1.1%?!​

I would never claim that -0.2% is higher than 1.1%.

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

Wait a second, now the BLS is correct? Do you get dizzy when you spin that fast?

FYI, that release is wages, not REAL wages.​

 

[Toddsterpatriot]

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.

And you can't back up your claim, deregulated banks and allowed them to lend multiple times on one asset.

 

[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?

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

/——/ Then what is your solution? Just keep bending over and let other countries continue to give us the shaft?

 

[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.

The problem is trade imbalances caused by unfair trade practices.

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

Absolutely agree with you there......but, it is simply ineffective policy. That's pretty much the modus operandi of this Administration.....yell loudly about real problems but offer "solutions" that make them far worse. He's done that regarding health care......taxes......illegal immigration.....foreign policy.

 

[JBond]

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.

Frankthefailure, why did Obama refuse to address the trade deficit? Why did he accept new tarrifs from China on US goods? I'm guessing it is his ideology. The same thought process that said it is a good idea to send billions of dollars to the biggest sponsor of terrorism.

 

[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.

Absolutely agree with you there......but, it is simply ineffective policy. That's pretty much the modus operandi of this Administration.....yell loudly about real problems but offer "solutions" that make them far worse. He's done that regarding health care......taxes......illegal immigration.....foreign policy.

How do we know it is "ineffective"? Things like this take time, and while it is going on Trump is trying to soften the blow to those Americans affected.

 

[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.

/——/ Then what is your solution? Just keep bending over and let other countries continue to give us the shaft?

Well, I wouldn't purposely hurt the United States' GDP to start out.......

 

[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.

The problem is trade imbalances caused by unfair trade practices.

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

Absolutely agree with you there......but, it is simply ineffective policy. That's pretty much the modus operandi of this Administration.....yell loudly about real problems but offer "solutions" that make them far worse. He's done that regarding health care......taxes......illegal immigration.....foreign policy.

How do we know it is "ineffective"? Things like this take time, and while it is going on Trump is trying to soften the blow to those Americans affected.

They haven't explained HOW shrinking GDP is supposedly effective in negotiating better trade deals........pretty much sums it up.

 

[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.

Frankthefailure, why did Obama refuse to address the trade deficit? Why did he accept new tarrifs from China on US goods? I'm guessing it is his ideology. The same thought process that said it is a good idea to send billions of dollars to the biggest sponsor of terrorism.

Obama had his hands full with an economy shrinking at over 6% per quarter in 2009.......Obama went from an economy shrinking at 6% per quarter (Q4 2008) to one growing his last 6 1/2 years.

However, not sure why you choose to litigate the Obama years....unless you DON'T want to talk about Trump's real failures?

 

[Cellblock2429]

/—-/ 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.

/——/ Then what is your solution? Just keep bending over and let other countries continue to give us the shaft?

Well, I wouldn't purposely hurt the United States' GDP to start out.......

/----/ The GDP is doing just fine. When the numbers are released this Friday, they could hit 4% according to CNBC. So what is your solution?

 

[Frank the Tank]

I would never claim that -0.2% is higher than 1.1%.
​

PROGRESS! Admission that wages grew quicker under Obama than they have under Trump. And Obama didn't have to write a blank check to multinational corporations to do so.

 

[Cellblock2429]

I would never claim that -0.2% is higher than 1.1%.
​

PROGRESS! Admission that wages grew quicker under Obama than they have under Trump. And Obama didn't have to write a blank check to multinational corporations to do so.

/---/ Yeah sure Spanky.

 

[Cellblock2429]

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.

/----/ Your confusing the libtards with facts again.

 

[Frank the Tank]

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.

/——/ Then what is your solution? Just keep bending over and let other countries continue to give us the shaft?

Well, I wouldn't purposely hurt the United States' GDP to start out.......

/----/ The GDP is doing just fine. When the numbers are released this Friday, they could hit 4% according to CNBC. So what is your solution?

Talking about Trump tariffs sonny........plus, whatever numbers are released do NOT REFLECT Trump/Republican tariffs.

 

[Frank the Tank]

I would never claim that -0.2% is higher than 1.1%.
​

PROGRESS! Admission that wages grew quicker under Obama than they have under Trump. And Obama didn't have to write a blank check to multinational corporations to do so.

/---/ Yeah sure Spanky.

You wasted cyberspace for that?!?!?!?!?

 

[bendog]

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.

I'm pretty sure Archer Daniels Midland will come out .... SWEET.

 

[bendog]

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.

Did he mention Tariffs? LOL

 

[Frank the Tank]

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.

/----/ Your confusing the libtards with facts again.

Tell you what goober.....once you learn the correct usage of words within the English language, THEN you can speak to "confusion" or call others "libtards". (sigh)

 

[whitehall]

Why didn't lefties complain when Barry Hussein was bailing out banks and solar companies during 8 years of a stagnant economy? Lefties only worry about government spending during republican administrations. Why don't lefties complain when the U.S. is being treated unfairly in tariffs by other countries and U.S. industry if forced to move offshore? Lefties who never saw a freaking farmer now pretend to be Ag. experts. Even when the DOW is around 25,000 and unemployment is at a historic low the freaking hypocrites find something to whine about.

 

[Toddsterpatriot]

I would never claim that -0.2% is higher than 1.1%.
​

PROGRESS! Admission that wages grew quicker under Obama than they have under Trump. And Obama didn't have to write a blank check to multinational corporations to do so.

Progress, 1.1% is less than 2.6%.

And Obama didn't have to write a blank check to multinational corporations to do so.

$9.3 Trillion in new debt, yeah Obama was really reluctant to write checks.