Billions flow to farmers ... concerns over unprecedented bailout

[left-of-center2012]

Senior government officials, including some in the White House, privately expressed concern that the Trump administration’s nearly $30 billion bailout for farmers needed stronger legal backing, according to multiple people who participated in the planning.

The bailout was created by the Trump administration as a way to try to calm outrage from farmers who complained they were caught in the middle of the White House’s trade war with China. In an attempt to pacify farmers, the Department of Agriculture created an expansive new program without precedent.

As part of the program, USDA authorized $12 billion in bailout funds last year and another $16 billion this year, and Trump has said more money could be on the way. The bulk of both bailouts consists of direct checks sent to farmers intended to compensate their losses from the trade war. There is little precedent for an open-ended farmer bailout of this nature.

The bailout funds are part of the White House’s effort to contain an outcry from farmers who have complained that China and other countries have cut back on U.S. purchases in retaliation for the higher tariffs Trump has imposed on a range of imports.

https://www.washingtonpost.com/business/economy/as-billions-flow-to-farmers-trump-administration-faces-internal-concerns-over-unprecedented-bailout/2019/09/09/66ec9278-cfe6-11e9-b29b-a528dc82154a_story.html

[PSPS]

1. The treasury has become trump's personal slush fund

[fescuerescue]

2. At least it's going to farmers

instead of banks.

[TheRealNorth]

3. Except how much of it is going to corporate farmers ...

Who then turn around and squeeze out the smaller farmers.

[left-of-center2012]

4. It's coming out oif our wallets

And Medicare, etc.

[NickB79]

6. Most of it is going to CORPORATE farmers

If you've got less than 1000 acres, you're out of luck.

[bluestarone]

5. What will the farmers pay in taxes?

Could be interesting future for them

[keithbvadu2]

7. Something you won't hear from a Trump-country farmer:

Something you won't hear from a Trump-country farmer:
Rejecting Donald's socialism.

[Desert Dem]

8. How is this Constitutional?

Congress has the purse.

[randr]

9. Add this to the cost of a failed trade war