Author Topic: Republicans pan Trump's $12 billion trade bailout  (Read 3189 times)

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Offline corbe

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Republicans pan Trump's $12 billion trade bailout
« on: July 24, 2018, 06:40:03 pm »
Republicans pan Trump's $12 billion trade bailout

by Susan Ferrechio & Al Weaver

July 24, 2018 01:52 PM


Senate Republicans on Tuesday showed little enthusiasm for a Trump administration plan to provide $12 billion to farmers whose exports are being hurt by a trade war prompted by President Trump's tariffs.

But none said they would oppose the plan that the Department of Agriculture was set to announce Tuesday.

“So, you create a policy that causes people to need to be on welfare and then you provide the welfare,” Sen. Bob Corker, R-Tenn., said when asked about the aid package. “It would be much better to just reverse the policy that’s creating this.”

No Republicans said they would try to block the aid, which the White House said Tuesday would be given to U.S. farmers to help them compensate for retaliatory tariffs that China, Europe, and other countries imposed to retaliate against U.S. tariffs on steel and aluminum.

<..snip..>

https://www.washingtonexaminer.com/news/congress/republicans-pan-trumps-12-billion-trade-bailout
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Online Weird Tolkienish Figure

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #1 on: July 24, 2018, 06:43:14 pm »
How many trumpsters criticized bush for his bailouts?

Asinine idea.

Offline DCPatriot

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #2 on: July 24, 2018, 06:44:21 pm »
2nd sentence....      :whistle:


But none said they would oppose the plan that the Department of Agriculture was set to announce Tuesday.
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Offline corbe

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #3 on: July 24, 2018, 06:57:05 pm »
   Sure, why the hell not?

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Offline corbe

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #4 on: July 24, 2018, 06:59:18 pm »
   Texas could hire a lot of Mexicans and build 'Our' Wall for $12B.  /JS
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Offline kevindavis007

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #5 on: July 24, 2018, 07:12:56 pm »
Here is an idea.. Stop this moronic trade war!!
Join The Reagan Caucus: https://reagancaucus.org/ and the Eisenhower Caucus: https://EisenhowerCaucus.org

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Offline ABX

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #6 on: July 24, 2018, 07:14:16 pm »
Government breaks something.

Government takes taxpayer dollars to fix what they broke.

People praise government for fixing what the government broke.

Lather, rinse, repeat.

Offline dfwgator

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #7 on: July 24, 2018, 07:18:42 pm »
Government breaks something.

Government takes taxpayer dollars to fix what they broke.

People praise government for fixing what the government broke.

Lather, rinse, repeat.


Offline txradioguy

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #8 on: July 24, 2018, 07:21:31 pm »
And people wonder why so many of us are against this stupid tariff war.
The libs/dems of today are the Quislings of former years. The cowards who would vote a fraud into office in exchange for handouts from the devil.

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Offline edpc

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #9 on: July 24, 2018, 07:54:27 pm »
Sure, why the hell not?




Willem DaFoe for Treasury Secretary


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Offline edpc

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #10 on: July 24, 2018, 08:22:08 pm »
“This is becoming more and more like a Soviet-type of economy here: Commissars deciding who’s going to be granted waivers, commissars in the administration figuring out how they’re going to sprinkle around benefits,” said Sen. Ron Johnson (R-Wis.). “I’m very exasperated. This is serious.”

“Taxpayers are going to be asked to initial checks to farmers in lieu of having a trade policy that actually opens and expands more markets. There isn’t anything about this that anybody should like,” said Sen. John Thune of South Dakota, the No. 3 GOP leader. He suggested the new spending might need to be offset by cuts in other funding areas.


https://www.politico.com/story/2018/07/24/trump-farmers-bailout-reaction-republicans-congress-737517
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Offline kevindavis007

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #11 on: July 24, 2018, 08:29:59 pm »
And people wonder why so many of us are against this stupid tariff war.


But in WWII we had a lot of factories building stuff. That is why we have this stupid tariff war.
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Offline edpc

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #12 on: July 24, 2018, 09:09:45 pm »
If we’re going to bail out farmers, we should also consider the needs of the laundry lobby, as well.


In January, when Trump announced tariffs on imported washing machines, CEO Marc Bitzer told analysts, "This is, without any doubt, a positive catalyst for Whirlpool."

But the Trump administration didn't stop there. It imposed tariffs on steel and aluminum, sending raw material prices skyrocketing. That has raised costs for Whirlpool by $350 million and squeezed its profit margins. Steel prices in the United States are 60% higher than the rest of the world, Bitzer told analysts on Tuesday.

Now Whirlpool is backtracking on its protectionist cheerleading. The company's reversal demonstrates the unintended consequences tariffs have sowed on manufacturers and their carefully-planned supply chains.


https://money.cnn.com/2018/07/24/news/companies/whirlpool-washing-machines-trump-tariffs/index.html
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Offline GrouchoTex

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #13 on: July 24, 2018, 09:32:52 pm »
2nd sentence....      :whistle:


But none said they would oppose the plan that the Department of Agriculture was set to announce Tuesday.

I'm having trouble making up my mind as to which part is most maddening of the two.

(1) the tariffs that caused this to come into play to begin with. or
(2)"But none said they would oppose the plan that the Department of Agriculture was set to announce Tuesday".

Neither is very good policy.

Offline GrouchoTex

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #14 on: July 24, 2018, 09:35:35 pm »
Sp far, we have 50 billion in Tariffs in place, right?
Have we received any of this 50 billions?

If I am  figuring this correctly, we are already having to bail out farmers to the tune of 12 billion, before we have even received the 50 billion in tariffs we've imposed.

Heckuva deal.



Offline Suppressed

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #15 on: July 24, 2018, 09:37:11 pm »
Quote
Steel prices in the United States are 60% higher than the rest of the world . . .


Who cares, as long as the dollars of the American consumers are flowing to union bosses!
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Offline edpc

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #16 on: July 24, 2018, 09:44:41 pm »
So far, we have 50 billion in Tariffs in place, right?
Have we received any of this 50 billions?

If I am  figuring this correctly, we are already having to bail out farmers to the tune of 12 billion, before we have even received the 50 billion in tariffs we've imposed.

Heckuva deal.


He's got it under control and is going full Orwell....


"This country is doing better than it's ever done before, economically," Trump said at the Veterans of Foreign Wars National Convention in Kansas City, Mo. "But it's all working out. Just remember: What you're seeing and what you're reading is not what's happening."

**************

Among other economic matters he discussed in Missouri, Trump claimed that farmers would be the “biggest beneficiary” of his escalating trade disputes.

The statement came mere hours after it was reported that the Trump administration will provide about $12 billion in financial aid to farmers negatively affected by his tariffs.


http://thehill.com/homenews/administration/398606-trump-what-youre-seeing-in-the-news-is-not-whats-happening-inbox-x
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Offline Mesaclone

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #17 on: July 25, 2018, 12:08:13 am »
You people are clueless...and you sure as hell are not free traders. Free trade exists when both trading parties open their markets to both buying and selling agents from both nations. In the current case, China and the EU have been making a killing on our markets being open to their goods and manufactures...whilst closing their markets to our businesses and/or imposing draconian tariffs and "government fees". For example, the sale of electronics from the US is in constant flux but Chinese tariffs run as high as 25%...sometimes more...and that cost bumps to nearly 50% when Chinese government fees are factored in. Likewise, the Chinese impose a 15% tariff PLUS additional "fees" that equate to a 30-50% import tax. The EU and even our close allies in NAFTA impose tariffs on a wide range of our agricultural goods...to the point of absurdity in some cases (dairy to Canada being one particularly severe example).

In other words, these nations have been engaging in a trade war with us for years...feeding on the US economy like locusts on a lush field of wheat. That is not free trade or free markets, rather, it is the US getting bent over and treated like someone's prison honey. Apologies for the harsh analogy, but its the closest thing to the reality of what HAS been occurring internationally when it comes to free markets.

What Trump is doing...finally...and WAY overdue...is fight back. Imposing a cost on these freeloading parasites that will, over time, force them to the table to negotiate an ACTUAL free trade environment. No one who believes in open markets should have the slightest qualm with Trump using tariffs to finally put some hurt on nations that have long been putting the hurt on our own economy...free trade is only free if both parties open their markets. Anyone proclaiming we should sit on our hands and open our markets to those who will not reciprocate, is either a peawit or worse...an internationalist who believes the U.S. owes the world and should hand over the hard earned production of our nation to those "less fortunate" and more in need then our own people.

So if you're a fan of the United States getting shafted by the perpetual blocking of the sale of our own goods in the EU and to China...by all means keep cheering on the extension of the dimwitted policies that have been redistributing our wealth to China and Europe. If you actually believe in free trade then you should have the wits to understand that these nations/trading blocs will not open their markets to trade unless we impose some hurt on them...they won't do it to be nice or because its fair (they ain't liberals, and they don't care about our feelings). Trump, and damn near every one of his supporters, would be the first to rip down all tariffs and open up truly free trade IF our partners were willing...until they are, we would be complete and utter morons NOT to use tariffs and "fees" to both level the playing field and impose a cost on those nations unwilling to open their markets to our products.

So using 12 Billion to prop up an agricultural sector being targeted in this situation is damn smart...its how we outlast those who refuse to engage in truly free trade, and make them hurt more than our people must. We mitigate the cost for our workers and make theirs suffer so that they DEMAND their governments open up their markets. That is how we get to the negotiating table and get a real free trade agreement...and yes, it is the only way. Short of doing this, we as a nation get economically exploited while having our ability to trade snuffed out by the tariffs, fees, and unfair practices of our trade partners.

And by the way, edpc, its not Orwellian for Trump to state that our economy is crushing it right now...its simply a statement of fact.
« Last Edit: July 25, 2018, 12:19:33 am by Mesaclone »
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Offline Fantom

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #18 on: July 25, 2018, 12:19:22 am »
Here is an idea.. Stop this moronic trade war!!

You mean the moronic trade war we have been losing?

Losing at near one trillion a year, stolen in mercantilism alone. Much less intellectual property.

@kevindavis If that is what you want to stop.. maybe we have a point of interest.
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Offline ABX

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #19 on: July 25, 2018, 12:19:49 am »
Sp far, we have 50 billion in Tariffs in place, right?
Have we received any of this 50 billions?

If I am  figuring this correctly, we are already having to bail out farmers to the tune of 12 billion, before we have even received the 50 billion in tariffs we've imposed.

Heckuva deal.

We aren't receiving $50 billion in tariffs, we are paying it. When a product is imported and a tariff is applied, we the consumers are paying that tariff. Not the country that exported to us.

So we pay the tariff plus we foot the debt to bail out the farmers for the economic harm from the tariff.

Offline Mesaclone

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #20 on: July 25, 2018, 12:22:04 am »
You mean the moronic trade war we have been losing?

Losing at near one trillion a year, stolen in mercantilism alone. Much less intellectual property.

@kevindavis If that is what you want to stop.. maybe we have a point of interest.

Exactly, kevindavis isn't saying we should "stop" the trade war...he's saying we should just go ahead and surrender to economic rape. Evidently, we should simply allow the EU and China to block our trade goods while we happily buy their products with little or no penalty...the idiocy of such a policy is almost unfathomable.
« Last Edit: July 25, 2018, 12:23:09 am by Mesaclone »
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Offline corbe

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #21 on: July 25, 2018, 12:22:16 am »
   The Glass is always half full. 
   With the Tariffs being collected by the Feds shouldn't the National Debt go down?
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Online Right_in_Virginia

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #22 on: July 25, 2018, 12:23:53 am »
You people are clueless...and you sure as hell are not free traders. Free trade exists when both trading parties open their markets to both buying and selling agents from both nations. In the current case, China and the EU have been making a killing on our markets being open to their goods and manufactures...whilst closing their markets to our businesses and/or imposing draconian tariffs and "government fees". For example, the sale of electronics from the US is in constant flux but Chinese tariffs run as high as 25%...sometimes more...and that cost bumps to nearly 50% when Chinese government fees are factored in. Likewise, the Chinese impose a 15% tariff PLUS additional "fees" that equate to a 30-50% import tax. The EU and even our close allies in NAFTA impose tariffs on a wide range of our agricultural goods...to the point of absurdity in some cases (dairy to Canada being one particularly severe example).

In other words, these nations have been engaging in a trade war with us for years...feeding on the US economy like locusts on a lush field of wheat. That is not free trade or free markets, rather, it is the US getting bent over and treated like someone's prison honey. Apologies for the harsh analogy, but its the closest thing to the reality of what HAS been occurring internationally when it comes to free markets.

What Trump is doing...finally...and WAY overdue...is fight back. Imposing a cost on these freeloading parasites that will, over time, force them to the table to negotiate an ACTUAL free trade environment. No one who believes in open markets should have the slightest qualm with Trump using tariffs to finally put some hurt on nations that have long been putting the hurt on our own economy...free trade is only free if both parties open their markets. Anyone proclaiming we should sit on our hands and open our markets to those who will not reciprocate, is either a peawit or worse...an internationalist who believes the U.S. owes the world and should hand over the hard earned production of our nation to those "less fortunate" and more in need then our own people.

So if you're a fan of the United States getting shafted by the perpetual blocking of the sale of our own goods in the EU and to China...by all means keep cheering on the extension of the dimwitted policies that have been redistributing our wealth to China and Europe. If you actually believe in free trade then you should have the wits to understand that these nations/trading blocs will not open their markets to trade unless we impose some hurt on them...they won't do it to be nice or because its fair (they ain't liberals, and they don't care about our feelings). Trump, and damn near every one of his supporters, would be the first to rip down all tariffs and open up truly free trade IF our partners were willing...until they are, we would be complete and utter morons NOT to use tariffs and "fees" to both level the playing field and impose a cost on those nations unwilling to open their markets to our products.

So using 12 Billion to prop up an agricultural sector being targeted in this situation is damn smart...its how we outlast those who refuse to engage in truly free trade, and make them hurt more than our people must. We mitigate the cost for our workers and make theirs suffer so that they DEMAND their governments open up their markets. That is how we get to the negotiating table and get a real free trade agreement...and yes, it is the only way. Short of doing this, we as a nation get economically exploited while having our ability to trade snuffed out by the tariffs, fees, and unfair practices of our trade partners.

And by the way, edpc, its not Orwellian for Trump to state that our economy is crushing it right now...its simply a statement of fact.


Bless you.   :beer:

Offline ABX

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #23 on: July 25, 2018, 12:25:04 am »

Bless you.   :beer:

I think the term is 'bless your heart'.

Offline Fantom

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Re: Republicans pan Trump's $12 billion trade bailout
« Reply #24 on: July 25, 2018, 12:25:26 am »

But in WWII we had a lot of factories building stuff. That is why we have this stupid tariff war.


So...what is your point?

That America should have no industrial base?  It sold ALL, to be outsourced to China. All the while insourcing..less than low educated/low I.Q. illegal aliens. 
Those who profess to favor freedom, and yet deprecate agitation, are men who want crops without plowing up the ground, they want rain without thunder and lightning, they want the ocean without the awful roar of its many waters.

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