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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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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



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.



Dumb this down for political dropouts please.



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.



If you demand respect or gratitude for your volunteer work, you're doing volunteering wrong.

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A socialist complaining about a government subsidising goods to balance out the negatives from another policy? 



SuaveSocialist said:

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).

 

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

Trump has lower deficits than Obama so far (FY 2016 - $1.423 trillion vs. FY 2017 - $672 billion FY 2018 - $1.233 trillion projection) and achieved that by giving more money back to the people.

1.2B$ food subsidies (so that poor people can afford something on the table) are small compared to what previous administrations have been giving in subsidies and it is to lower food prices - I thought socialists were in favor of that? 

The US has massive trade deficits and needs to start producing again instead of importing nearly everything. Tariffs will help to balance the trade deficits, something that should have been addressed decades ago.

Last edited by numberwang - on 31 August 2018

Xxain said:
Dumb this down for political dropouts please.

Trump is not economically responsible with how he governs the country, more so than most presidents.
Ei. hes good at wasteing money, and makeing choices that end up costing alot, according to the OP of this thread.



The trade wars is definitely one of the things I disagree with Trump on. Can we come up with new agreements with countries that benefit us? Sure. But new or higher tariffs are never the answer. Just like socialism, history shows that it always fails when tried. One can not be so arrogant to think that they will be The One who can make it work.



SuaveSocialist said: 

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 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. 

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.  

It is obvious that what he is doing is not sustainable.  What exactly is the government going to do with all the food its buying?  Give it to the poor?  I mean we already have food stamps so check this out:

If the farmers are producing more food than can be bought, why is the government giving them money to produce more?  I mean, is the singular purpose just to give them more money?  Why can't they just produce according to demand like the rest of commercial business.

Imagine if Ford started making more cars than they could sell so they went to the government to buy the rest of their vehicles?  Its insanity.  Shouldn't they just make less cars?