Trump's farmer bailout is already more than twice as expensive as Obama's automaker bailout

https://theweek.com/speedreads/8665...than-twice-expensive-obamas-automaker-bailout

And whereas the need for the auto bailout was not created by Obama, the need for Trump to tax Americans in order to pay off farmers was created by Trump's other tax (the trade war with China.)

And let's not forget that the auto bailout has already been repayed, with interest. The money from this socialist policy enacted by trump to cover up for his own international failings will likely never get refunded to the American taxpayers.

 

Poor analogy. The difference is that the auto bailouts was to keep badly managed companies from going bankrupt. It rewarded incompetence. The agricultural bailout helps people whose predicament was caused by the government. The thing they share in common is that they protect jobs.

 

He warned us he was the king of debt.

 

So, instead of rewarding incompetence, Trump's bailout is an effort to compensate those hurt by his own incompetence.

That's the argument you want to go with?

 

He also promised to erase the US debt in 8 years. We are three years into that stretch and the US deficit is breaking every record on the book while the economy is still growing.

Suffice it to say, he is a ****ing liar.

 

To put it mildly. Hell, recently he's taken credit for legislation passed under Obama and has tried claiming 2016 was the first time he ran for president. He's not just a liar . . . he's a liar who assumes that his followers are idiots.

 

It costs a lot to grow and not to grow Socialist Sorgum and Welfare Wheat, and Liberal Legums, and Corporate Corn.

 

I would say voting for someone who wanted to put tariffs on the ONLY product you sell to China shows pretty bad judgement. They should have gotten out of the soy bean business when the going was still good. We don't need to prop up unprofitable companies... Or so goes the conservative narrative.

 

That's funny, I recall republicans blaming the recession that led to the bailout on...the government!!!! It was an inability to get credit that caused car sales, the vast majority of which are bought on, you guessed it, credit, to plummet. So I'm not sure what major company is prepared to see a drop in sales that they saw.

And let me ask this, if Trump claims that the only ones hurt by tariffs are poorly managed companies, then aren't these bailed out farmers....Hmmm, hard to follow that logic to anywhere that is good for you or Trump. Do you really need the link to him saying that?

 

It is refreshing to see dems take a sudden interest in unnecessary spending. Trump says take the guns first, due process second, spends like a thief with a stolen credit card, and dems criticize him for acting like a dem. This is a good thing.

 

Now we just need both sides to do it while their party is in power.

 

Nobody mentions that Chrysler was forced to be bought by an Italian bicycle company and the bailout had more to do with bailing out the UAW pension funds.

Lets not forget Obama's Cash for Clunkers.

 

https://www.thebalance.com/auto-industry-bailout-gm-ford-chrysler-3305670

 

How is trying to get fair trade with China a bad thing? Why is it ok for you to let America get a bad deal?

 

I agree except for the bad judgement. If it were true that we sell only soy beans to China then we should end the business relationship entirely. The tariffs aren't really for economic reasons. Their purpose is to motivate China to change some of its practices. That is not bad judgement.

 

Yes, without the stupid twisted partisan words. The purpose of the tariffs is to motivate a change in China's practices. I would have gone much further and ended Chinese imports entirely until the Chinese change their ways.

 

Well said

The trade war was initiated by Trump because all former Presidents neglected to address the matter.

 

You are calling yourself a nobody with this post.

 

And thereby hurt Americans even more than Trump.

 

Neglected to address the matter? Bullshit.

Obama successfully obtained more international rulings against China than any previous administration. He also orchestrated the TPP with explicit purpose of using multiple countries nearby China to force their behavioral change.

Trump tore up the TPP and spurned the WTO. He has done more to EXACERBATE poor Chinese behavior than any previous administration while SIMULTANEOUSLY hurting Americans.

 

You think China changing its ways would hurt America. That went over my head.

 

Cash for Clunkers...Those who turned in their cars to be crushed for money were already planning to purchase a new car and Cash for Clunkers didn't cause anyone to buy a new car who weren't already planning to buy one.

What Cash for Clunkers accomplished was a huge negative impact in the auto dismantling industry and for those who didn't have the money to buy new auto parts for their car and instead would buy used auto parts like at Pick A Part.

 

I can raise your head.

Just ask the farmers who saw the chief purchaser of their products dry up overnight because China changed its ways. Ask Apple who saw its brand drop like a sinking rock in China because China changed its ways. Ask the manufacturers in Wisconsin who have seen demand for their product plummet while costs rose because China changed its ways.

 

And yet Cash for Clunkers was an infinitely better designed program and concept when compared to Trump's farm bailouts to make up for Trump's ****ing over farmers with his tariffs and trade war.