07-24-2018, 10:35 AM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,206
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White House readies plan for $12 billion in emergency aid to farmers caught in Trump’s escalating trade war
Quote:
The new plan at the Agriculture Department would advance emergency funds for these farmers but likely not provide a long-term solution if the trade disputes with China and other countries persist.
Because the program was created during the Depression, it does not rely on new congressional approval. It allows the CCC to borrow up to $30 billion from the Treasury Department to “stabilize, support, and protect farm income and prices.”
Still, some Republicans several months ago had warned against using the CCC as part of a trade-war related bailout, saying it could distort market forces and pay farmers for products they don’t produce.
Trump is trying to mollify a growing chorus of complaints from Republicans and business groups, who have complained that his trade approach is hurting broad swaths of the economy.
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MAGA my ass.
https://www.washingtonpost.com/busin...=.36aaa3dfe6f8
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White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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