Forums - Politics Discussion - Beloved Leader's Bailout Begins!

On July 24th, the Republican Party announced their solution to a crisis of their boss' own making: a 12 Billion dollar bailout for the farmers being hurt by the misguided trade war that Beloved Leader started.

 

Yesterday, the USDA spent 1.2 Billion dollars to buy surplus food.  Apparently the Free Market wasn't doing a satisfactory job, so the Party of Fiscal Conservatism and Personal Responsibility decided to lean on taxpayers.  Go figure. That, like, never happens (/sarcasm).

 

Come September 4th, producers of wheat, soybean, dairy, hog, corn, cotton and sorghum may beg Small Guv'ment for handouts, West Korea's Department of Agriculture said.  So much for pulling themselves up the bootstraps.  But according to Jim Mulhern, President and CEO of the National Milk Producer's Federation, this bailout is only compensating for a fraction of the financial damage, accounting for a mere 10% of dairy farmers' losses.

 

The National Corn Growers Association and the National Association of Wheat Growers echoed similar sentiments.  The bailout is falling extremely short of the harm arbitrarily imposed upon their finances thanks to Beloved Leader's fake leadership.

 

The news gets even worse, though.  Thanks to his tax "plan", Fiscal Conservatism is resulting in record deficits, Beloved Leader on course for approaching Obama's deficit record in a single term, rather than two.  And that is despite inheriting a healthy economy and strong stock market.  

https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151

 

He is also on course to becoming the second biggest debt contributer in just a single a term, almost surpassing Obama in 4 years rather than 8. 

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

 

These are not the sort of economics you want to be looking at when reaching into the public purse to pay off self-inflicted injuries.  The sad fact is that the Oval Office is setting more money on fire than the markets and employment rates can ever hope to compenate. 

 

So while the Corporate Welfare Queens are high-fiving each other as the Tax Cuts for the Rich fatten their offshore bank accounts, just remember: Fiscal Conservatism is fraud, just a pie-in-the-sky pipe dream of conmen.  

 

Don't believe me?  Just ask West Korean farmers.  



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Let me see if I got this straight. Cutting federal income (taxes) and increasing spending results in deficits? And excessive tariffs and trade wars impact revenue for affected industries?

Man, why didn't someone tell the president about this before it happened?



Massimus - "Trump already has democrat support."

SpokenTruth said:
Let me see if I got this straight. Cutting federal income (taxes) and increasing spending results in deficits? And excessive tariffs and trade wars impact revenue for affected industries?

Man, why didn't someone tell the president about this before it happened?

Hindsight is 20/20, right? :D



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GoOnKid said:
SpokenTruth said:
Let me see if I got this straight. Cutting federal income (taxes) and increasing spending results in deficits? And excessive tariffs and trade wars impact revenue for affected industries?

Man, why didn't someone tell the president about this before it happened?

Hindsight is 20/20, right? :D

For Trump, there is no hindsight.  it could be the worst decision of all time and he'd still call it great.

Trump: "It was a wonderful decision, a beautiful decision.  It's doing great."

Media: "Sir, 90% of the population is dead because of your decision."

Trump: "Fake news.  The remaining 10% love me.  It was a wonderful decision.  I make the best decisions, ok.  Nobody makes decisions like I do."



Massimus - "Trump already has democrat support."

GoOnKid said:
SpokenTruth said:
Let me see if I got this straight. Cutting federal income (taxes) and increasing spending results in deficits? And excessive tariffs and trade wars impact revenue for affected industries?

Man, why didn't someone tell the president about this before it happened?

Hindsight is 20/20, right? :D

If only that were the case.  This is just how Fiscal Conservatism always plays out.  It caused the Great Depression, every Recession in North American history, and is responsible for the results of Sam Brownback's Great Experiment for the State of Kansas (it's not pretty).

Fiscal Conservatism's failings are so monumentally extensive and swift, it gives Communism a good name.



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Dumb this down for political dropouts please.



Xxain said:
Dumb this down for political dropouts please.

Just read my post.



Massimus - "Trump already has democrat support."

To be fair, that reimbursement was only token in nature. So fiscal conservatism wins again!

Though, one might wonder why a bailout is necessary in the first place when the trade war was supposed to Make America Great Again.



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As long as I can continue to buy corn in a can for 50 cents I don't care.

I mean how do they make any money at all off that? I just bought two while chickens from Caputo's for 6 bucks. The chickens while life was worth maybe two dollars?



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spurgeonryan said:
As long as I can continue to buy corn in a can for 50 cents I don't care.

I mean how do they make any money at all off that? I just bought two while chickens from Caputo's for 6 bucks. The chickens while life was worth maybe two dollars?

But it won't stay at $0.50.  Costs will go up.  How much? no way to know.  But keep in mind that everything that requires aluminum will go causing a chain effect of increased consumer prices.  The machines that make the cans, the machines that harvest the corn, the machines that separate the corn, the machines that package the corn, the vehicles that deliver the corn, the warehouse that stores the corn, the store that sells the corn.....see that butterfly effect?  Now apply that to all cans, all cars, all machines, etc....

That corn manufacturer may be getting a bail out but what about everything else in the supply chain?  Are you ready to pay for that too?

 

Trump is playing with something he doesn't have the intelligence to understand.



Massimus - "Trump already has democrat support."