Trump promises an even bigger farmer bailout if needed

[Yo_Mama_Been_Loggin]

Trump’s latest tweet indicated that more aid could be headed to farmers adversely affected by the U.S.-China trade war.

In an all-caps tweet, he wrote: “If our formally targeted farmers need additional aid until such time as the trade deals with China, Mexico, Canada and others fully kick in, that aid will be provided by the federal government, paid for out of the massive tariff money coming into the USA!”

Link to tweet

?s=20

The U.S. has already approved $28 billion in farmer aid through its market facilitation program. The first round of payments, totaling $4.7 billion, was paid in September 2018. The second round was distributed three months later. By February 2019, the total bailout reached $7.7 billion.

In May 2019, the U.S. Department of Agriculture (USDA) announced it would provide an additional $16 billion to help farmers while trade negotiations between the U.S. and China continued. Overall, $19 billion in aid has been granted so far, with the rest to be distributed in 2020.

https://finance.yahoo.com/news/trump-promises-an-even-bigger-farmer-bailout-193824825.html

[randr]

1. Socialist bastard

He will spend us into the poor house

[elleng]

2. Of course, to pay them off.

[50 Shades Of Blue]

3. Privatized profit, socialized risk.

[subterranean]

4. Once again, he lies about the tariffs.

[Ms. Toad]

6. I think tariffs are one more of the many things he has absolutely no clue about,

He gets an idea stuck in his teeny tiny pea brain and no one can dislodge it. He associates tariffs with other countries paying us for the privilege of having their products cross into the US.

So, for once, I don't think he's actually lying. He's just an ignoramus.

[abqtommy]

5. But isn't the bailout socialism? Is this one of those good for me but not for thee things?

asking for a friend...