US to give farmers $12bn trade war bailout

a reply to: olaru12

the market has been crashed for years if it wasn't for the big government inflating a bunch of bubbles you would recognize it more

look at the savings, debt to income ratio and labor force participation rate to understand where we are really at, everything is debt and no one is liquid

Original article
Just to keep on track :

Industry groups that represent agriclture, as well as politicians from agricultural states, criticised the relief as a short-term solution to a self-inflicted problem.

"Time and time again I've heard from farmers that they want trade, not aid," said Senator Ron Johnson, a Republican from Wisconsin.

"Instead of throwing money at a problem we've helped create, the better option is to take action to make it easier for our farmers — and manufacturers — to sell their goods at fair prices to consumers around the world."

originally posted by: toysforadults
a reply to: olaru12

the market has been crashed for years if it wasn't for the big government inflating a bunch of bubbles you would recognize it more

look at the savings, debt to income ratio and labor force participation rate to understand where we are really at, everything is debt and no one is liquid

Yep, and the debt bomb will blow up bigly.

I'm totally out and plan to watch the crash on TV from some beach bar in Raja Ampat, Indonesia. I can't stand another 08.

originally posted by: olaru12

originally posted by: toysforadults
so what?

we need new trade relations we need a market that works for us not against and that means boat are going to rock

get over it

And when the mkt. crashes and it falls on trumps head...the boat will definitely rock.

Tariffs and trickle down just can't work in tandem. You'll see....

I see it very differently. Trickle down doesn't work with global free trade. It will only work in a closer to closed system, which is where the tariffs come in.

While the US is ramping up in the Tariff war with every country out there those countries are working with each other to lower tariffs between them. If their negotiations go through the US is in for some bad times.

Our on demand culture will be our undoing.

originally posted by: Grimpachi
While the US is ramping up in the Tariff war with every country out there those countries are working with each other to lower tariffs between them. If their negotiations go through the US is in for some bad times.

The US was the most prosperous nation in the history of the world before the trade deals. This globalization BS is a rather new phenomenon in the US. We were self reliant for quite a while.

If by bad time you mean going back to a minimum wage that buys more than BS and the best manufacturing in the world then I say let's go through some bad times to get back to MAGA.

Can't wait for the usual faces to pop in -

the one's who scream about their taxes being used on socialist welfare..LOL

everyone should pay their own way, in the capitalistic utopia - US of A - Isn't that how it goes?

originally posted by: TheConstruKctionofLight
Can't wait for the usual faces to pop in -

the one's who scream about their taxes being used on socialist welfare..LOL

everyone should pay their own way, in the capitalistic utopia - US of A - Isn't that how it goes?

That's the people, the corporations however really need the money, and remember to thank the rich guys

a reply to: Isurrender73

Its been that way for a while - may not fit your This globalization BS is a rather new phenomenon in the US. We were self reliant for quite a while.

The US was the most prosperous nation in the history of the world before the trade deals

Pay attention closely...

www.thoughtco.com...

The History of the US Trade Deficit In 1975, U.S. exports exceeded foreign imports by $12,400 million, but that would be the last trade surplus the United States would see in the 20th century. By 1987, the American trade deficit had swelled to $153,300 million. The trade gap began sinking in subsequent years as the dollar depreciated and economic growth in other countries led to increased demand for U.S. exports. But the American trade deficit swelled again in the late 1990s.


During this period, the U.S. economy was once again growing faster than the economies of America's major trading partners, and Americans consequently were buying foreign goods at a faster pacethan people in other countries were buying American goods. What's more, the financial crisis in Asia sent currencies in that part of the world plummeting, making their goods much cheaper in relative terms than American goods. By 1997, the American trade deficit hit $110,000 million, and it was only heading higher.

a reply to: hopenotfeariswhatweneed

hehe - you know the ones I am talking about, the ones who decry the British or Aust free healthcare model.

The ones who say that the ones on the street are there through their own "life choices"

originally posted by: Lumenari
a reply to: gortex

The 3rd-4th generation farmers I talk to in North Dakota pretty much all say the same thing... they will take a short-term loss if someone will finally fix the problems the last three Presidents haven't done squat about.

For those who whine about a bail out, I would rather keep these families going than keep paying for sanctuary cities.

We will always need crops, after all...

Sure if the majority went to family farms but I suspect the majority of the welfare bailouts is going to corporate farms like Monsanto.

a reply to: gortex

Where will this bribe come from? I thought Republicans wanted to balance the budget. I guess they have given up on the one plank I agree with.

originally posted by: CriticalStinker
a reply to: gortex

This is one squeaky wheel that's squeaking early , when tarrifs and their effects kick in fully who knows how many sectors will need help as time goes on , the opening salvos in a war aren't the heaviest ones.

As per the norm though, corporations will not take the hit, let that be known. Either they will be subsidized or they will write it off their taxes (if they pay them).

Don't worry though! Us citizens will band together to make sure those corporations don't have to be victim to adjusting to the market. (like we have to on a daily basis)

OP



Excellent post.
In years past many Americans lost their jobs thanks to corporate globalism.
We were told to suck it up buttercup.

Now it is hurting them and we are again suck it up buttercup and bail us out.

Big Business owns the government.
Socialism for them, capitalism for everyone else.

originally posted by: Isurrender73

originally posted by: Grimpachi
While the US is ramping up in the Tariff war with every country out there those countries are working with each other to lower tariffs between them. If their negotiations go through the US is in for some bad times.

The US was the most prosperous nation in the history of the world before the trade deals. This globalization BS is a rather new phenomenon in the US. We were self reliant for quite a while.

If by bad time you mean going back to a minimum wage that buys more than BS and the best manufacturing in the world then I say let's go through some bad times to get back to MAGA.

Tariffs lead to higher prices, which lead to higher spending, which leads to inflation, which leads to higher interest rates, which leads to a recession. It's Economics 101. If you think tariffs will give you more buying power then that is beyond foolish the very opposite is what will happen.

did no one see this coming?

originally posted by: TXRabbit
Taking bets on this "bailout" being used by the giant agro-corps to buy out the remaining family-farms who are Really suffering from this

That's a skeery thought!

Could definitely happen!

Do you remember when bananas from Central America was like 59 cents for the big bunch of bananas , I do.

This is how I see other countries during our Trade War.

I think it's smart economics for farmers to let crops rot in the field and receive a taxpayer provided subside.
We don't need anymore Mexicans in America harvesting crops. Great jobs for the unemployed.



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