The Jury Talks Back

12/18/2018

Trump Administration to Issue Second Round of Payouts to Victims of Trump Tariffs

Filed under: Uncategorized — Patterico @ 8:08 am

Winning! Winning so hard … we are bailing out the victims of our policies that are making us win:

The Trump administration will move forward with plans to distribute a second round of payments to farmers caught in the crosshairs of a trade war with China.

“Today I am making good on my promise to defend our farmers and ranchers from unjustified trade retaliation by foreign nations,” President Donald Trump said via Twitter Monday.

In July, his administration announced it would deliver as much as $12 billion in aid to farmers after Beijing slapped retaliatory tariffs on U.S. agricultural products, including 25 percent duties on soybeans. Nations including Mexico had also taken trade action against U.S. farm goods this year.

Farmers form part of the rural base that helped catapult Trump into the White House. The administration distributed some $4.7 billion in the first round of direct government aid. With tensions between Trump and China showing signs of thawing, there was uncertainty within the agriculture industry as to when or if the second round would be distributed.

In a statement Monday, the U.S. Agriculture Department put the total payment at $9.57 billion.

If you opposed the 2009 bailout of the financial industry, it’s hard to see how you could support this trade war and the concomitant bailouts.

But, he said with a tired sigh, I’m sure some Trump superfan will try to explain how this is all consistent.

As for me, I am well and truly tired of such “winning.” If this is winning, I’d rather lose.

P.S. It’s an old chestnut, but this is the season for chestnuts. Roast this Harry Browne quote on your open fire:

The government is good at one thing. It knows how to break your legs, and then hand you a crutch and say, “See if it weren’t for the government, you wouldn’t be able to walk.”

Break a leg!

4 Comments »

  1. I am tired of Trump’s lies, self-dealing and corruption. He thinks the rules don’t apply to him but they do.

    Comment by DRJ — 12/18/2018 @ 9:39 am

  2. And I am especially tired of people defending Trump because “Hillary did it, too” or “It’s entertaining!”

    Comment by DRJ — 12/18/2018 @ 11:05 am

  3. Hi DRJ – I’m with ya on both points!

    Comment by Dave — 12/18/2018 @ 12:17 pm

  4. True, Dave, and thanks for your support. Politics can be depressing these days.

    Comment by DRJ — 12/18/2018 @ 3:49 pm

RSS feed for comments on this post. TrackBack URI

Leave a comment

Comment moderation is enabled. Your comment may take some time to appear.

Live Preview


Powered by WordPress.