Current Events > White House preparing emergency aid for farmers affected by WH trade policy

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Antifar
07/24/18 11:31:16 AM
#1:


https://wapo.st/2OgOoH4

The White House plans to announce on Tuesday a plan to extend $12 billion in emergency aid to farmers caught in the midst of President Trumps escalating trade war, two people briefed on the plan said, the latest sign that growing tensions between the United States and other countries will not end soon.

An announcement could come as soon as Tuesday.

Farm groups have complained that moves by China and other countries in response to Trumps protectionist trade stance could cost them billions of dollars, spooking Republicans who fear a political and economic blowback to Trumps approach.

The White House has searched for months for a way to provide emergency assistance to farmers without backing down on Trumps trade agenda, and the new program will extend roughly $12 billion through three different mechanisms run by the Department of Agrigulture.

The funds will come through direct assistance, a food purchase and distribution program, and a trade promotion program.

It will rely in part on a Depression-era program called the Commodity Credit Corporation, a division of the Agriculture Department that was created in 1933 to offer a financial backstop for farmers.

Soy prices have fallen particularly hard in the past few months, though Trump has tried to deflect blame and promised to somehow take care of these farmers, many of whom are from politically crucial states like Iowa and Wisconsin.

The new plan at the Agriculture Department would advance emergency funds for these farmers but likely not provide a long-term solution if the trade disputes with China and other countries persist.

Because the program was created during the Depression, it does not rely on new congressional approval. It allows the CCC to borrow up to $30 billion from the Treasury Department to stabilize, support, and protect farm income and prices.

Still, some Republicans several months ago had warned against using the CCC as part of a trade-war related bailout, saying it could distort market forces and pay farmers for products they dont produce.

Trump is trying to mollify a growing chorus of complaints from Republicans and business groups, who have complained that his trade approach is hurting broad swaths of the economy.

Sen. Ron Johnson (R-Wis.) said Tuesday he has heard from a number of businesses in his state that the primary beneficiaries of Trumps tariffs are overseas competitors that arent being hit with higher prices on their materials.

Speaking at the Heritage Foundation, Johnson said these trade disputes could just totally run out of control and likened them to throwing a hand grenade of uncertainty into the economy.

In the past four months, Trump has imposed tariffs against steel and aluminum imports from China, Canada, Mexico, the European Union, Japan, and a range of other countries, and he is threatening to broaden the scope of the tariffs to cars and uranium imports, among other things.

Several of these countries have responded to Trumps trade measures by imposing tariffs of their own, and farmers have complained that they are the victims of retaliation from other countries, which they rely on to sell their products.

Earlier Tuesday, Trump showed no signs of backing down.

In a series of Twitter posts, he touted his strategy.

Tariffs are the greatest! he wrote on Twitter. Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. Its as simple as that and everybodys talking!

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Aye
07/24/18 11:31:51 AM
#2:


Wtf we love handouts now

It's obvious he's doing this because his blunder fucked his party on midterms rather than actually giving a fuck about those people.
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BLAKUboy
07/24/18 11:40:44 AM
#3:


What large bootstraps these farmers must have.
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CableZL
07/24/18 11:43:56 AM
#4:


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E32005
07/24/18 11:44:55 AM
#5:


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#6
Post #6 was unavailable or deleted.
Bio1590
07/24/18 12:17:43 PM
#7:


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MorningRose
07/24/18 12:17:45 PM
#8:


Aye posted...
Wtf we love handouts now

It's obvious he's doing this because his blunder fucked his party on midterms rather than actually giving a fuck about those people.

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#9
Post #9 was unavailable or deleted.
iPhone_7
07/24/18 12:19:47 PM
#10:


https://imgur.com/Zq1QVn8

haha, take that liberals!
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IMNOTRAGED
07/24/18 12:20:18 PM
#11:


Aye posted...
Wtf we love handouts now

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TheVipaGTS
07/24/18 12:21:01 PM
#12:


lmao...im sorry but you can only laugh at this point. its only getting worse.
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IMNOTRAGED
07/24/18 12:26:01 PM
#13:


This honestly might be the worst thing this administration has done yet. This is a gross misappropriation of taxpayer money to solve a problem Trump himself created. The hypocrisy just takes it to a whole other level.

I thought I was past the point of getting angry about this stuff but this is just absurd.
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ZMythos
07/24/18 12:27:00 PM
#14:


"I win trade wars"

Fucking lunatic.
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TheRealDill2000
07/24/18 12:44:41 PM
#15:


I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?
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Aye
07/24/18 12:45:27 PM
#16:


TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?

They're in need of assistance because of Trump
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Kazi1212
07/24/18 12:48:56 PM
#17:


Did they need to use the emergence aid funds yet? Agriculture indexes are at all time highs right now, I cant imagine farmers would be feeling the affects of the trade war already
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P4wn4g3
07/24/18 2:36:54 PM
#18:


TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?

Seriously, the more these hicks have to be in the middle of this mess the less likely they will ever vote Republican again.
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ArchiePeck
07/24/18 5:40:19 PM
#19:


Start trade war with China to protect economy - spend billions of taxpayers money to prop up industries immediately damaged by trade war. A visionary ahead of his time.
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Eat More Beef
07/24/18 5:50:35 PM
#20:


@TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?


It's laughable because:
A) Trump said trade wars are easy to win.
B) Trump started a trade war that is now showing signs of fucking Americans.
C) He's digging the country deeper in debt to mitigate the damage done by the policies he set out.

It's not people criticizing the government for helping, but more people criticizing the government for putting themselves (the governement) in a position where they need to dig into the coffers (i.e. taxpayer money) to dig themelves out of a hole they put themselves (the government) into, despite that every other able bodied pesron told them it was a bad idea to be in this position begin with.

Like, you see the problem, no?
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JE19426
07/24/18 5:53:09 PM
#21:


TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?


He's doubling down on a bad policy instead of fixing it. Federal aid would be ok, if it came as part of fixing the problem, but it doesn't.
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TheRealDill2000
07/24/18 6:04:23 PM
#22:


P4wn4g3 posted...
TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?

Seriously, the more these hicks have to be in the middle of this mess the less likely they will ever vote Republican again.

Hicks!? Isn't that a bit offensive? We are all Americans and deserve some measure of respect.
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P4wn4g3
07/24/18 6:16:09 PM
#23:


TheRealDill2000 posted...
P4wn4g3 posted...
TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?

Seriously, the more these hicks have to be in the middle of this mess the less likely they will ever vote Republican again.

Hicks!? Isn't that a bit offensive? We are all Americans and deserve some measure of respect.

Write your congressman.
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Bio1590
07/24/18 6:16:20 PM
#24:


TheRealDill2000 posted...
P4wn4g3 posted...
TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?

Seriously, the more these hicks have to be in the middle of this mess the less likely they will ever vote Republican again.

Hicks!? Isn't that a bit offensive? We are all Americans and deserve some measure of respect.

No you fucking don't.
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Phantom_Nook
07/24/18 6:19:45 PM
#25:


That sounds like socialism.
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A_Good_Boy
07/24/18 6:20:19 PM
#26:


WTF when did we start liking socialism?
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E32005
07/24/18 6:23:20 PM
#27:


TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?

Another Hoth alt?? Damn
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TheRealDill2000
07/24/18 7:01:09 PM
#28:


E32005 posted...
TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?

Another Hoth alt?? Damn

Why would you think I'm an alt account?
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lilORANG
07/24/18 7:01:45 PM
#29:


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Hexenherz
07/24/18 7:01:46 PM
#30:


his supporters are probably going to defend this right

somehow

blame it on china or something?
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DragonGirlYuki
07/24/18 7:02:38 PM
#31:


What a waste of money for a problem he started in the first place.
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TheRealDill2000
07/24/18 7:17:16 PM
#32:


Eat More Beef posted...
TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?


It's laughable because:
A) Trump said trade wars are easy to win.


I trust Trump with this more than any other president from my lifetime. He is a master businessperson and well suited to handle this task. The trade war may be easy to win, but his comment doesn't necessarily mean that our opponents will fold immediately.

B) Trump started a trade war that is now showing signs of fucking Americans.


Things just started. Trump will put us in a position to be better off than at the start of this trade dispute. Have you considered how this is affecting the other countries?

C) He's digging the country deeper in debt to mitigate the damage done by the policies he set out.


This is just a small patch to get us through the tough times. We will be stronger than ever once the trade dispute is resolved. I suspect that the wall funding will be addressed too.
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Delirious_Beard
07/24/18 7:18:44 PM
#33:


are people seriously responding to realdill? he's a discount DE
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CelestialVoices
07/24/18 7:24:20 PM
#34:


thank god for donald trump!
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Unknown5uspect
07/24/18 7:25:57 PM
#35:


So these farmers vote Trump and the GOP in. They fuck the farmers over with tariffs and trade wars. Farmers get mad. Trump and the GOP are preparing a handout to keep on the farmers' good side following up to the mid-terms. That about cover it?

And who was it denigrating the Dems for using handouts to "buy" votes?
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spudger
07/24/18 7:30:12 PM
#36:


TheRealDill2000 posted...
E32005 posted...
TheRealDill2000 posted...
I don't get the outrage here. This group is obviously in need of assistance. Why criticize the gov't for providing that help?

Another Hoth alt?? Damn

Why would you think I'm an alt account?

.....
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ledbowman
07/24/18 10:55:04 PM
#37:


Why are no conservatives losing their minds over this SOCIALISM?
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Damn_Underscore
07/24/18 10:58:58 PM
#38:


I thought you saved us from the soy Mr. Trump :(
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BLAKUboy
07/24/18 11:00:15 PM
#39:


Delirious_Beard posted...
are people seriously responding to realdill? he's a discount DE

That's giving him far more credit than he frankly deserves.
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cerealbox760
07/25/18 6:06:17 AM
#40:


China hit trumpers with tariffs and now all of America has to pay for it. So much winning.
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thronedfire2
07/25/18 6:13:06 AM
#41:


Ah, so government handouts are good when they go to a group thats generally trump supporters
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Dash_Harber
07/25/18 6:34:20 AM
#42:


Aye posted...
Wtf we love handouts now

It's obvious he's doing this because his blunder fucked his party on midterms rather than actually giving a fuck about those people.


Yeah, it's really fucking weird. Complain about handouts to get elected, promise to boost the economy, cut off every single trade partner with asinine protectionism, realize your economy is fucked, start handing out money to try and get out it without having to admit you are wrong.

Yeah, that's sounds like a great plan.
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Kastrada
07/25/18 6:52:54 AM
#43:


Hexenherz posted...
his supporters are probably going to defend this right

somehow

blame it on china or something?


The people from back where I am from are congratulating Trump for giving back to the farmlands of America unlike Obama.

Seriously.
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CableZL
07/25/18 8:24:04 AM
#44:


Kastrada posted...
The people from back where I am from are congratulating Trump for giving back to the farmlands of America unlike Obama.

Seriously.

lmao, as if Trump is using his own money for this
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apocalyptic_4
07/25/18 8:30:21 AM
#45:


The economy will be a mess after trump's administration is done.

It's funny the Simpsons predicted this as well.
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NinjaBreakfast
07/25/18 8:31:07 AM
#46:


Trump must destroy the kulaks
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Knowledge_King
07/25/18 8:43:16 AM
#47:


Expected, but pretty terrible. Reminds me of Obama helping out the banks and other companies that were 'too big to fail'. It sucks when capitalism/free market is undermined by literal gov't assistance.
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Giant_Aspirin
07/25/18 10:02:22 AM
#48:


https://www.nytimes.com/2018/07/24/us/politics/farmers-aid-trade-war.html

$12 billion in taxpayer money to subsidize Trump's chest pounding trade war. so much for fiscal responsibility, reduced government spending and free market principles, eh?
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ledbowman
07/25/18 10:17:28 AM
#49:


Where is Puerto Rico's bailout?
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TheRealDill2000
07/25/18 12:45:51 PM
#50:


ledbowman posted...
Where is Puerto Rico's bailout?

Why would we be responsible for non-states?
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