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It's not a gift to the farmers, it's a bribe, to make sure they vote for the party that is taking away their livelihood come November. And they're all probably stupid enough to do just that.
And it may well end up being permanent welfare for these farmers when they have no customers left because they moved on to other, more reliable, less volatile suppliers.
Basically, we have an idiot in the White House who created a situation where the farmers can no longer sell to China, one of their largest customers. So what is the idiot in the White House's solution to the problem he created? He borrows billions of dollars from China to pay off the farmers who can no longer sell to China because of his idiotic policies. And guess who will be paying that loan back? Yep, every American taxpayer.
Is there anyone with any intelligence left on the planet (and I exclude the cult, because no one counts them among the intelligent any longer) who thinks this is a sound economic policy?
Farmers, the new welfare queens. When do we start drug testing them before they get their handouts?
just as the automaker bailouts were with "your guy"
Looks like we are going to need more bailouts. GM cut its earnings outlook today citing significant increases in commodity costs due to Trump tariffs. GM stock tanked. Yesterday it was Chrysler saying the same thing. Our surging auto industry is about to go on corporate welfare.
And remember Whirlpool and how happy they were about tariffs? Well, now they say they too are hurting as sales of washers and dryers are down after Trump's tariffs lead to a 20% price increase this year.
WOW. If Obama was doing this handout, the right would be calling for his head.
We ain't seen nuthin yet, with this trade war. Tons of American companies will be damaged badly.
Tons will be hurt, and tons will benefit. It is a shift not a loss. There will be some net loss to consumers. The nine television household may become a thing of the past. Horror!
Automakers earning have been falling because the recent boom in auto sale cannot be sustained indefinitely. Compared to a series of records years - yes, it has to slow down. The tariffs may slow it a bit more, but not super noticeably.
Construction will get hit hard, very hard until we either increase our production capacity for materials (especially steel), or the whole tariff thing balances out. However a construction slow down is not a bad thing. There is not enough labor to do the work anyway.
"Republican Senator Ben Sasse of Nebraska was apparently no fan of the plan, describing it as spending billions on "gold crutches" as the U.S.-initiated trade disputes are "cutting the legs out from under farmers."
"America's farmers don't want to be paid to lose -- they want to win by feeding the world," Sasse said. "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again (the beginning of the Great Depression).""
Tons will be hurt, and tons will benefit. It is a shift not a loss. There will be some net loss to consumers. The nine television household may become a thing of the past. Horror!
Who are these people who will benefit from this? Are there any Americans in that group? Do tell.
Tons will be hurt, and tons will benefit. It is a shift not a loss. There will be some net loss to consumers. The nine television household may become a thing of the past. Horror!
Your obvious use of hyperbole aside...If by net loss you mean a reduction in quality of life standards, I agree.
just as the automaker bailouts were with "your guy"
One big difference. The auto industry's problems were mostly a result of the Great Recession". The farmer's problems are a direct result of Trump's trade policies.
One big difference. The auto industry's problems were mostly a result of the Great Recession". The farmer's problems are a direct result of Trump's trade policies.
Uh okay lol. No.
I don't think your tax dollars knew the difference.
One big difference. The auto industry's problems were mostly a result of the Great Recession". The farmer's problems are a direct result of Trump's trade policies.
And the auto industry paid back most of those loans. The freeloading farmers are getting true welfare. No payback necessary. That falls on American taxpayers.
Trump should be made to pay that loan back all by himself, since he single-handedly created the problem to begin with.
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