Trump's $28 billion bet that rural America will stick with him
U.S. Secretary of Agriculture Sonny Perdue was fielding questions at a farm show in Decatur, Ill., in late August when his boss rang his cellphone. Perdue put the call on speaker and placed it next to the microphone so the crowd could hear Donald Trump speak. During the almost seven-minute call the president defended his handling of the trade conflict with China, which has cut off American farmers from one of their most important export markets. Yet he was quick to remind them that he’s tried to salve their pain. “I sometimes see where these horrible dishonest reporters will say that ‘oh jeez, the farmers are upset.’ Well, they can’t be too upset, because I gave them $12 billion and I gave them $16 billion this year,” said Trump, who then added, “I hope you like me even better than you did in ’16.”
A couple of years ago, a pep talk from Trump might have drawn raucous applause from one of the president’s key constituencies. This time the crowd was subdued. “The aid package that has come in is a relief, and it softens the landing, but it’s not a solution, it’s a Band-Aid,” says Stan Born, a farmer who attended the event. When asked if the payments make him whole, Born, who grows 500 acres of soybeans near Decatur, responds, “Of course not.” He’d rather have free trade, he says.
China hawks in Trump’s administration want Beijing to quit subsidizing strategic industries, yet that hasn’t deterred the White House from doling out billions in aid to American farmers, who have become more dependent on government money than they’ve been in years. At $28 billion so far, the farm rescue is more than twice as expensive as the 2009 bailout of Detroit’s Big Three automakers, which cost taxpayers $12 billion. And farmers expect the money to keep flowing: In an August survey by Purdue University and the CME Group, 58% said they anticipate another round of trade aid next year.
Farmers became collateral damage in Trump’s tit-for-tat tariff war with China, which is being waged primarily for the benefit of such sectors as manufacturing and tech. Agriculture is actually one of the rare U.S. industries that consistently runs a trade surplus, and not just with China—testimony to the gains that have accrued to American farmers from globalization.
https://www.msn.com/en-us/money/markets/trumps-dollar28-billion-bet-that-rural-america-will-stick-with-him/ar-AAHwRxV?li=BBnbfcN
What the hell. It isn't Trump's money he's spending.
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