Trump's farmer bailout $28B or double auto bailout net cost

Crickets from Republicans on the fact that the Dear Leader has pumped billions of their tax dollars into socialist subsidies for farmers. Worse the funds are mostly going to big farm operations, while farm bankruptcies continue to mount by leaps and bounds (up 24% this year).

So much MAGA winning is truly sickening.


https://www.axios.com/trump-trade-w...lout-c6eaf580-381b-422f-8c3d-886f3f9e6115.htm

Farmer subsidies from the Trump administration aimed at mitigating the effects of the U.S.-China trade war have reached $28 billion, about double the amount of money shelled out in the government bailout of Detroit automakers in 2009, Bloomberg reports.

 

Farmers already get subsidies.

 

1) This isn't a bailout, they're subsidies

2) We've spend nearly $400 billion on USDA subsidies since 1995. We've been subsidizing the farm industry since the Great Depression.

https://farm.ewg.org/

 

So all of a sudden big corporation hating democrats are OK with Obama's auto bail out as long as they can try to use it against Trump? Man, you guys are sad, so sad.

 

Why would you call them "socialist" subsidies?

 

That's because there is already a thread on this, has been for days.. So you didn't like the other one that has traction, so you create a duplicate thread ¯\_(º¸º)_/¯

 

Most of the auto bailout was recovered, none of this will be.
Slight difference

 

Perhaps because industrial subsidies are a form of socialism. Taxpayer money (public) provided to industry (private) to mitigate losses or improve price competitiveness.

 

No its a bailout specifically to compensate for the trade war initiated by the Dear Leader. Have you not been paying attention?

On the eve of USMCA being signed, don't you find it ironic that the US spends billions on agricultural subsidies and yet Dear Leader went ape over a paltry few tens of millions of Canadian dairy subsidies to protect their domestic production?

 

I am totally aware of this rather glaring ideological aberration in the supposed land of capitalism.

But this is a bail out in its purest sense. These taxpayer funds were allocated specifically to compensate for the DEVASTATING losses of dear leader's trade war.

 

There is no bailout. We've always provided assistance to the agricultural industry to artificially increase supply and price levels.

You're not saying anything meaningful here.

 

I see you can't come to grips with the fact that your DEAR LEADER with his usual bafflegab has claimed that BILLIONS are rolling in from Tariffs China is paying and that he's giving it "our beautiful farmers" to compensate them directly for the losses he created. You are attempting to dismiss reality and facts in evidence all over the friggin media.

Typical trumpian denial of facts.

I'm not surprised you don't get the rather obvious implication.

 

There are incorrect assumptions in your statements.

I wonder if you'll be able to find them... Other than that, I stand by my original statement two statements: 1) you fail to address anything meaningful 2) there is no bailout. We've been providing subsidies to the Agricultural Industry for decades. I'm not sure why you believe today is an exception.

I'm sure there is an implication; it's just a non-sequitur.

 

Most of the bailout money is coming from the tariffs collected and not from the treasury. It is to help subsidies the money lost from China not buying American crops. The farmers would hurt less if Congress would pass the Canada/Mexico trade pact that has already been agreed on. I don't remember the Democrats complaining when we were taking money from the treasurer to pay farmers not to grow crops, to keep the price up so the farmers could make a decent profit and we did that for years and years.


Robert Frank: Paying farmers not to grow crops was a substitute for agricultural price support programs designed to ensure that farmers could always sell their crops for enough to support themselves.Aug 4, 2009
Why Does the Govt. Pay Farmers to Not Grow Crops? | PBS ...

https://www.pbs.org › newshour › economy › why-does-the-govt-pay-farmers

 

So is this not true?

That's how tariffs work.

If the subsidies being provided are from tariffs, it isnt our money its Chinas and that was exactly the point of the tariffs.

 

Maybe if the government didn't restrict how much a farmer can grow then they wouldn't need subsidies?

 

No its not true, its utter bullshit.

No tariffs are paid by the IMPORTER at time of entry in the vast majority of cases. The EXPORTER invoices at cost, FOB port of shipping, and doesn't pay a dime of tariffs, unless its a chinese company selling to its american based chinese subsidiary in which case they would pay those tariffs.

The tariffs are then blended into the cost of the goods and ultimately the end user (retail) price. So those tariffs are being paid by AMERICAN IMPORTERS and ultimately the AMERICAN CONSUMER.

Your Dear Leader is gaslighting his followers who don't know what they don't know and believe his bullshit.

 

Why are the Democrats holding this up? It would help the farmers a lot.
US Farmers Push for United States, Canada, Mexico Trade ...

https://www.voanews.com › usa › us-farmers-push-united-states-canada-m...
Sep 1, 2019 - “For our area and probably for our farm, probably 20, 25% prevent plant,” he told VOA at the 2019 ... US Farmers Push for United States, Canada, Mexico Trade Agreement ... system” to help farmers get their message directly to the country's lawmakers. ... If it wasn't for politics, it would have been passed.”.



Trump's Tariff Bounty: How Much The U.S. Has Brought In And ...

https://www.npr.org › 2019/08/07 › trumps-tariff-bounty-how-much-the-u-s...
Aug 7, 2019 - ... about how much money President Trump's tariffs have brought the ... in new tariff money, but you've spent about 28 billion to help farmers out ...
Economists Say Trump Administration Is Overpaying Farmers ...

https://www.npr.org › sections › thesalt › 2019/07/25 › economists-say-trum...
Jul 25, 2019 - "This is going to be a lot of money pumped into the Corn Belt," said Scott ... farmers' losses by estimating their lost sales due to foreign tariffs.

 

I know what you mean. Why bother with any kind of coordinated production management for a fundamental economic and strategic industry like agriculture. But production quotas do not drive subsidies in and of themselves. Its production costs, strategic security considerations and global market forces that drive the need for them.

 

$28 billion is crickets. Big and small farmers alike should be getting a lot more than that. They are being unfairly hurt by China trade practices. US farmers are the lifeblood of this country, and much of the third world as well.

 

EBT is in the law , so no opposition from Democrats

 

Then many would go broke. They restrict how much of a certain crop can be grown to keep the price up so the farmer can make money. To much corn grown, the price drops so low it cost more to grow and harvest it than to sell it. Then the weather can whip out a whole field of crops and the farmer has nothing to show for it.

 

Thank you for pointing out that trumps tariffs have led to trump bailing out his victims. And ironically his supporters believe his bullshit about china paying, all the while its the american consumer. The tariffs are paid by AMERICANS, not chinese.

Now, with the tariffs american importers have to pay more for chinese products so they become less competitive in the market. So loss of sales of chinese goods to america is the price the chinese are absorbing in this unnecessary pissing contest.

How literate intelligent people can believe the utter nonsense that trump is trying to shovel is beyond me.

 

Have the Democrats pass the Canadian/Mexican trade pact and that opens up two more markets for their crops and milk and they wouldn't need more money. As I posted, the farmers are begging for it to be passed. Why aren't the Democratic Congress passing it? It will fly through the Senate.

 

So you support exploiting Asian people sweat shop labor for cheap products at Walmart? What happened to giving a living wage to Americans?