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Their well-being was ignored when Mnuchin and Trump decided to start hurling tariffs at China, a huge consumer of American agri-business. Their suffering was the obvious result.
Mr. Mnuchin aka "the Foreclosure King" is not likely to be concerned with the suffering of 99% of Americans.
Quote:
...Seemingly, Mnuchin was another one of President Trump's campaign thank-yous. He was one of the very few corporate executives who would actually step forward and be seen raising money for Trump, even going so far as becoming the campaign's national finance chair.
Before that, though, Mnuchin distinguished himself by making out like a bandit during the worst financial crisis our country has faced since the Great Depression.
This is all well-documented by David Dayen, author of "Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud." In an exhaustive article in The Nation, Dayen chronicles how Mnuchin got fabulously rich while hundreds of thousands lost their homes. ...
Their well-being was ignored when Mnuchin and Trump decided to start hurling tariffs at China, a huge consumer of American agri-business. Their suffering was the obvious result.
Totally agree. Hence, the reason for helping them.
The impacts of the journey to free trade in the 20th century were heavy on the southern textile industry. There was little relief for those workers or their communities. Do you think those folks were ripe to vote for a firebrand?
Any major change in international economic policy will have effects on parts of the populace. Our policy makers should, at least, acknowledge them if not plan for them.
They are growing more than they are selling. We are paying them not to grow food. Get it? Now we are supposed to pay them on top of paying them? They can be electricians, plumbers, repairmen, there are other jobs. We have too many farmers, and that’s very very obvious when we’re paying them not to grow food.
No, they're not. The farmers are now selling everything they grow. Mostly to China, where there are 3 billion mouths to feed. The days of surplus are long gone.
Once the tariffs set their teeth in hard, the only way a farmer will be able to survive is to dramatically cut back on his acreage.
Less food means far higher domestic food prices, the only way a farmer can still make enough money to pay his taxes and costs and have a break-even on the year.
Americans can expect a big plunge in meat prices this year, as herds are slaughtered, because the livestock growers will have to cut down on their herds to survive. But once the herd surplus is gone, expect the costs of meat to go way high.
Totally agree. Hence, the reason for helping them.
The impacts of the journey to free trade in the 20th century were heavy on the southern textile industry. There was little relief for those workers or their communities. Do you think those folks were ripe to vote for a firebrand?
Any major change in international economic policy will have effects on parts of the populace. Our policy makers should, at least, acknowledge them if not plan for them.
The smart thing to do is to walk back the tariffs and re-engage the world trade order in a constructive way. This administration will not do the smart thing. In Trumpian fashion, it would rather that Americans suffer cost-of-living increases and reallocate money from taxpayers to prop up agribusiness while fulminating against trade deficit boogeymen than ever admit they were wrong or apologize.
The smart thing to do is to walk back the tariffs and re-engage the world trade order in a constructive way. This administration will not do the smart thing. In Trumpian fashion, it would rather that Americans suffer cost-of-living increases and tax re-allocation from taxpayers to prop up agribusiness while fulminating against trade deficit boogeymen than ever admit they were wrong.
In the meantime, it may be time to crank up the old Farm-Aid rallies that were so prevalent in the 1980's; the last time national policy drove the small farm to the brink of extinction.
In the meantime, it may be time to crank up the old Farm-Aid rallies that were so prevalent in the 1980's; the last time national policy drove the small farm to the brink of extinction.
Americans can expect a big plunge in meat prices this year, as herds are slaughtered, because the livestock growers will have to cut down on their herds to survive. But once the herd surplus is gone, expect the costs of meat to go way high.
We'll save a lot on medical bills and everything else (even airline travel due to passenger weight) if people adopt a more plant-based diet.
So this is perhaps a blessing in disguise. As you prob know, much of the rainforest has been cut down to bring you cheap burgers.
In the meantime, it may be time to crank up the old Farm-Aid rallies that were so prevalent in the 1980's; the last time national policy drove the small farm to the brink of extinction.
Or change the national policy that is driving farmers to the brink of extinction by encouraging the world's biggest importer of agriculture to rely on American farmers rather than turn to alternatives. I for one do not want to subsidize moronic trade policies grounded in economic illiteracy.
No kidding. Shows you how out of the musical loop I am.
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