Major socialism.
Essential Economics for Politicians
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Republican Sen. Chuck Grassley applies for federal bailout for farmers hurt by Trump's trade war
The Iowa senator needs a bailout after Trump's trade policies have caused farmers to take a major hit
"China’s targeted, retaliatory tariffs on soybeans, meats, and other farm commodities will hammer American farmers already suffering from low farm prices. And China’s new duties on imports of U.S. vehicles—which have been surging in recent years—will now make it harder for American plants and workers to compete in that key market," Ed Gerwin, a senior fellow for trade and global opportunity at the Progressive Policy Institute, told Salon by email in July.
Gerwin added, "President Trump has made a big deal about the benefits of recent tax cuts for business and average Americans. But he can’t hide the fact that these escalating tariffs are tax increases that will hurt American competitiveness, cost consumers, and destroy jobs."
The Iowa senator needs a bailout after Trump's trade policies have caused farmers to take a major hit
"China’s targeted, retaliatory tariffs on soybeans, meats, and other farm commodities will hammer American farmers already suffering from low farm prices. And China’s new duties on imports of U.S. vehicles—which have been surging in recent years—will now make it harder for American plants and workers to compete in that key market," Ed Gerwin, a senior fellow for trade and global opportunity at the Progressive Policy Institute, told Salon by email in July.
Gerwin added, "President Trump has made a big deal about the benefits of recent tax cuts for business and average Americans. But he can’t hide the fact that these escalating tariffs are tax increases that will hurt American competitiveness, cost consumers, and destroy jobs."
Sheriff Joe
DA
Fake News.
Trump’s tariffs are not only a new tax for Americans, but a policy of directly picking winners and losers in the economy. The interests of steel workers, for example, are being placed above the interest of consumers and farmers. This leads to the government using tax dollars to prop up farmers. Of course this spending means that tax-paying consumers are hit yet again, with their tax dollars being used for this new welfare program.
Government interventionism doesn’t simply stop there. The natural result of these new government barriers is for businesses to seek ways around them, such as Harley’s decision to move some manufacturing to Europe. This, of course, sparked backlash from President Trump, threatening further retaliation for such a move. As we've seen time and time again, the more Trump digs in to his support for protectionism, the more he will seek to interfere with the actions of individual companies.
Of course defenders of the President will argue that Trump’s tariffs are simply meant as a negotiating ploy designed to give America “better trade deals.” The future is impossible to predict, perhaps that will be the end result. Memes about 4d chess, however, are of little help to those Americans hurt by Trump’s tariff policy. And increasingly the Trump administration has signaled its willingness to embrace a prolonged trade war.
Such policies are, in the long run, as great a threat to the American economy as that posed by the Sanderistas.
Government interventionism doesn’t simply stop there. The natural result of these new government barriers is for businesses to seek ways around them, such as Harley’s decision to move some manufacturing to Europe. This, of course, sparked backlash from President Trump, threatening further retaliation for such a move. As we've seen time and time again, the more Trump digs in to his support for protectionism, the more he will seek to interfere with the actions of individual companies.
Of course defenders of the President will argue that Trump’s tariffs are simply meant as a negotiating ploy designed to give America “better trade deals.” The future is impossible to predict, perhaps that will be the end result. Memes about 4d chess, however, are of little help to those Americans hurt by Trump’s tariff policy. And increasingly the Trump administration has signaled its willingness to embrace a prolonged trade war.
Such policies are, in the long run, as great a threat to the American economy as that posed by the Sanderistas.
Sheriff Joe
DA
Like obamacare.
A comment from your fake brain?
Sheriff Joe
DA
Really Fake News.
Bruddah IZ
DA
Some sucker will always gravitate to the 300x more than a janitor argument. Might as well be a Fries U grad. What a deal!!
Bruddah IZ
DA
Welcome to the party Alice. You Fries U grads are always late to the subsidy party. But somebody has to pick your cherries. Might as well be a Fries U grad. What a deal!!
Bruddah IZ
DA
We actually shipped those losers off to Venezuela. We kept the Capitalist farmers here.
Bruddah IZ
DA
ahhh my favorite little cowardly cherry picker. At least you were smart enough to not link your post so I can parse through like I did with the National Debt and subsidies to the health and housing industries.
The government aid ones stayed? US socialism. How much did we give them? Love people on the federal payroll. Socialism works for losers.
Wait...you’re on the federal payroll, aren’t you?
Sheriff Joe
DA
You sure are asking a lot of questions.
Hüsker Dü
DA
Yes, and the answers aren't flattering, this we already know.
Izzy in your case lets make that 400x.
Actually our socialist Federal Government pays people pretty well with good benefits.
Post Office folks and VA employees loooove that socialism.
Be happy he “works” for his gubmint check...makes him feel like he’s not just accepting welfare.
He is on the federal payroll, isn’t he?
Izzy can't find this article without the link - he's a real smart guy.