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The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: Corrupt Trump Swamp!! ()
Date: July 09, 2019 12:53PM

The lone valiant farmer struggling to eke an existence from his hardscrabble farm — that’s the image President Trump wants you to think about when contemplating the $28 billion in bailouts he’s spending to cover farm losses from his trade war.

Think again. The vast majority of the dollars flowing to the agriculture industry via the bailouts is likely to go to farms with annual revenues of several million dollars. Most of them are major beneficiaries of federal crop support programs that steer billions in subsidies and low-priced crop insurance — including insurance that already covers some of their losses in the trade war.

https://www.latimes.com/business/hiltzik/la-fi-hiltzik-trump-farm-bailout-20190528-story.html

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: Gerrymanderer2 ()
Date: July 09, 2019 01:03PM

It's Grand Theft Country right now.

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: President Trump FTW! ()
Date: July 09, 2019 01:09PM

Libtards are so Libtarded. It was about giving that money to the job creators. Just like the tax cuts. How many times does this have to be explained to you?

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: spam prevention ()
Date: July 09, 2019 01:12PM

President Trump FTW! Wrote:
-------------------------------------------------------
> Libtards are so Libtarded. It was about giving
> that money to the job creators. Just like the tax
> cuts. How many times does this have to be
> explained to you?


So you put the job creators out of business with Trump Tariff-Taxes then re-distribute other American's hard earned money to pay off the job creators you put out of business?!?

That is the GOP platform - we all bail out industries Trump is needlessly putting out of business? Wow.

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: Trumped in USA ()
Date: July 09, 2019 01:14PM

Corporate socialism.

Just wait til Trump's immigration debacle starts affecting the farm labor force, we might need to ship some of those unemployed coal crackers out to Iowa to pick beans and lettuce for 5 bucks an hour.

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: cage match ()
Date: July 09, 2019 01:17PM

President Trump FTW! Wrote:
-------------------------------------------------------
> Libtards are so Libtarded. It was about giving
> that money to the job creators. Just like the tax
> cuts. How many times does this have to be
> explained to you?

lol the jobs in agriculture 'created' are for desperate immigrants we are currently keeping in cages.

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: Illegals Farm Economy ()
Date: July 09, 2019 01:23PM

Trumped in USA Wrote:
-------------------------------------------------------
> Corporate socialism.
>
> Just wait til Trump's immigration debacle starts
> affecting the farm labor force, we might need to
> ship some of those unemployed coal crackers out to
> Iowa to pick beans and lettuce for 5 bucks an
> hour.

That will never happen. Farmers in Alabama outlawed all illegal immigrants from working. It only took six months and almost all the Alabama farms were out of business.

The Alabama farmers went running back to the state capital begging for an emergency bill to repeal the bill.

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: Trump is Toxic!! ()
Date: July 09, 2019 01:24PM

I forgot to mention that the Alabama farmers tried to get homeless and young Americans to work the fields. They lasted two days and quit. The jobs were too hard and didn't pay enough for an American.

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: False ()
Date: July 09, 2019 01:28PM

Trump is Toxic!! Wrote:
-------------------------------------------------------
> I forgot to mention that the Alabama farmers tried
> to get homeless and young Americans to work the
> fields. They lasted two days and quit. The jobs
> were too hard and didn't pay enough for an
> American.




What actually happened was that agricultural production and revenues increased. Most illegals were replaced by legal immigrants from Africa and the Caribbean. Unemployment went down.

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: Chew on this OP fuckface ()
Date: July 09, 2019 02:14PM

Obama's bailout, which went to BANKSTERS AND CORPORATE FATCATS, was to the tune of $12.8 TRILLION, dipshit!

http://www.pbs.org/wnet/need-to-know/economy/the-true-cost-of-the-bank-bailout/3309/

Trump's bailuot actually helped people, while Obama just put all that money in the hands of millionaires and billionaires.

Damn you're fucking stupid.

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Re: The $28 Billion Trump Did in Farm Bailouts Went Mostly toRich Farmers and Trump Friends
Posted by: wetdd ()
Date: July 09, 2019 02:22PM

spam prevention Wrote:
-------------------------------------------------------
> President Trump FTW! Wrote:
> --------------------------------------------------
> -----
> > Libtards are so Libtarded. It was about giving
> > that money to the job creators. Just like the
> tax
> > cuts. How many times does this have to be
> > explained to you?
>
>
> So you put the job creators out of business with
> Trump Tariff-Taxes then re-distribute other
> American's hard earned money to pay off the job
> creators you put out of business?!?
>
> That is the GOP platform - we all bail out
> industries Trump is needlessly putting out of
> business? Wow.


Sadly (for you), the money for the subsidies came from the money the Treasury collected in tariffs. So, worse case, it was a wash. The Treasury has collected over $30 billion in tariffs as of May, so it's actually better than worse case.

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