No. of Recommendations: 7
UpNorthJoe:
...the main victims of Trump’s trade wars had been farmers...And Orange Jesus rained money on them in subsidies. Billions.
So Americans paid twice: once on higher prices of imported goods and a second time through government handouts.
Direct farm aid has climbed each year of Trump’s presidency, from $11.5 billion in 2017 to more than $32 billion this year — an all-time high, with potentially far more funding still to come in 2020, amounting to about two-thirds of the cost of the entire Department of Housing and Urban Development and more than the Agriculture Department’s $24 billion discretionary budget...The bulk of the money in election year 2020 went to big farms in swing states, plus Texas and Georgia.
Are there more than a couple of sycophantic Trump-leaning economists who actually believe -- and can support with data -- that across the board tariffs are effective or good for the economy?
No.
nytimes.com - Trump farmers subsidies 