Trump set to send $16 billion to bailout farmers hurt by Trump trade war with China

[SaysWho?]

The federal government will spend an additional $16 billion to help farmers hurt by the US-China trade war, Agriculture Secretary Sonny Perdue announced Thursday.

 

Quote

Perdue said that the farmer aid will be paid for by an equivalent amount the US expects to pull in through tariffs. But Perdue also claimed that "China's gonna pay for these" -- a false assertion made repeatedly by Trump.

The tariffs will instead be paid for by companies importing goods into the US and are often passed on to US consumers in the form of price hikes, a reality acknowledged by Trump's own top White House economic adviser Larry Kudlow.

Trump last year already promised farmers a $12 billion aid package to help mitigate the first wave of Chinese retaliatory measures after Trump slapped tariffs on Chinese imports.

 

This has layers, man.

[PaladinSolo]

Redistribution of wealth is now official GOP policy, also one of the sticking points with China was demanding they limit subsidies to their own companies.

[SuperSpreader]

How can they do that? Doesn't Congress set the budget??

[osxmatt]

SOCiaLiSM at work here.

[TwinIon]

They suddenly don't seem concerned about where the money will come from.

[TyphoidHater]

1 hour ago, TwinIon said:

They suddenly don't seem concerned about where the money will come from.

 

Yeah, how exactly is this being paid for?

 

Not like it's the military after all.

[Rodimus]

I'm already ready to read news about people not farmers figuring out how to get at the money for farmers.

[TwinIon]

The other thing about these subsidies, is that they just can't go on forever, but much of that market will be gone for a long time, if not indefinitely. After a full year of finding other sources for these products, ending the trade war isn't suddenly going to fix everything.

[Spawn_of_Apathy]

So...farmers aren’t doing fine and happy?

[b_m_b_m_b_m]

4 hours ago, TwinIon said:

The other thing about these subsidies, is that they just can't go on forever, but much of that market will be gone for a long time, if not indefinitely. After a full year of finding other sources for these products, ending the trade war isn't suddenly going to fix everything.

They just have to last through the Trump administration

[marioandsonic]

5 minutes ago, b_m_b_m_b_m said:

They just have to last through the Trump administration

I don't think they'll last another 6 years.

[Spawn_of_Apathy]

5 minutes ago, marioandsonic said:

I don't think they'll last another 6 years.

Damn your blasphemous fingers. 

[TheGreatGamble]

17 hours ago, Spawn_of_Apathy said:

Damn your blasphemous fingers. 

sounds more like facing reality to me. 

[Remarkableriots]

https://www.msn.com/en-us/money/markets/don-t-say-we-didn-t-warn-you-a-phrase-from-china-signals-the-trade-war-could-get-even-worse/ar-AAC5jXm?ocid=AMZN

Quote

"We advise the U.S. side not to underestimate the Chinese side's ability to safeguard its development rights and interests. Don't say we didn't warn you!" the People's Daily said in a commentary titled "United States, don't underestimate China's ability to strike back." The paper is the official newspaper of the Communist Party of China.

The phrase "Don't say we didn't warn you" was only used two other times by the People's Daily in history — in 1963 ahead of China's border war with India and in 1987 right before China went to war with Vietnam.

"Will rare earths become a counter weapon for China to hit back against the pressure the United States has put on for no reason at all? The answer is no mystery," the paper said.

 

[osxmatt]

 

[Jason]

Just now, osxmatt said:

 

 

Notable anticommunists like Grassley and Ernst were on the receiving ends of those checks.

[osxmatt]

2 minutes ago, Jason said:

 

Notable anticommunists like Grassley and Ernst were on the receiving ends of those checks.

“Thanks to the government paying nearly 40% of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast.”

[b_m_b_m_b_m]

5 minutes ago, osxmatt said:

“Thanks to the government paying nearly 40% of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast.”

I wonder how much better big Ag is doing than your smaller outfits given what is known about who got government checks (read: rich got richer)

[Jason]

24 minutes ago, b_m_b_m_b_m said:

I wonder how much better big Ag is doing than your smaller outfits given what is known about who got government checks (read: rich got richer)

 

The gubmibt ag checks always massively favor big ag and phones like Ernst I thought. 

[SuperSpreader]

39 minutes ago, osxmatt said:

“Thanks to the government paying nearly 40% of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast.”

Socialism for land 

[marioandsonic]

Damn welfare queens

[Fizzzzle]

Someone should tell them about bootstraps, they work wonders.

[ort]

Any time some GOP fucknut starts screaming SOCIALISM! they should have their face caved in with a fucking hammer.

 

Remember when the tea party was a thing? What happened to all of those people? It's almost like they don't actually believe in a single fucking thing they pretend to.

 

Politics is literally nothing but tribalism at this point.

[Greatoneshere]

21 minutes ago, ort said:

Any time some GOP fucknut starts screaming SOCIALISM! they should have their face caved in with a fucking hammer.

 

Remember when the tea party was a thing? What happened to all of those people? It's almost like they don't actually believe in a single fucking thing they pretend to.

 

Politics is literally nothing but tribalism at this point.

 

The tea party morphed/evolved into Trump voters and QAnon. The internet just made them worse and crazier.