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.
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.
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.