Leopards Ate My Face

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‘Shock to the system’: farmers hit by Trump’s tariffs and cuts say they need another bailout | Trump administration | The Guardian (www.theguardian.com)

submitted 1 month ago by [email protected] to c/[email protected]

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Farmers across the United States say they could face financial ruin – unless there is a huge taxpayer-funded bail out to compensate for losses generated by Donald Trump’s sweeping cuts and chaotic tariffs.

Need that sweet, sweet socalism. Last time Trump chipped in some few billion tax dollars to help out the "welfare queen" farmers, I assume they think he will again as they go cap in hand amd tug thier forelock to m'lord ?

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[–] [email protected] 96 points 1 month ago (2 children)

So taxpayers need to pay more for the product itself AND taxes to subsidize the farmers who are impacted by the tariffs?

I'm starting to think these tariffs weren't such a good idea!

[–] [email protected] 35 points 1 month ago

Correct, if they get a bailout, it will come from tariff money. This could mean almost all the money made on this will just go back to them anyway, which makes you ask the question... whyyyy.

It's not like this is even hypothetical. It literally happened during his last term! 92% was returned to the farmers during that bailout.

https://www.cfr.org/blog/92-percent-trumps-china-tariff-proceeds-has-gone-bail-out-angry-farmers

[–] [email protected] 31 points 1 month ago

They are a great idea if you want to manipulate the stock market and do a little insider trading, until the rest of the world starts selling off your debt because they no longer hold your money in good faith anymore. <--we are here by the way.