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Thread: $28 Billion Farm Bailout investigation

  1. #1

    $28 Billion Farm Bailout investigation

    https://www.yahoo.com/news/u-watchdo...164948650.html

    WASHINGTON ó The U.S. Government Accountability Office is opening a review of President Donald Trumpís $28 billion bailout for farmers harmed by his trade war amid allegations that the money was mismanaged and allocated unfairly.
    The investigation came at the request of Sen. Debbie Stabenow, D-Mich., who has been vocal in her concern that the aid program was biased, providing more funds to southern states that voted for Trump and favoring large and foreign agriculture companies over small farms.
    The Trump administration, which signed an initial trade deal with China last month, said the farm subsidies would end this year. The program began in 2018 as a $12 billion effort to mitigate losses for farmers who lost sales or faced retaliatory tariffs from China, the European Union, Canada and Mexico as a result of the trade war. The program grew to $28 billion last year as Trumpís conflict with China festered.
    Critics have faulted the program for the formulas it used to determine payments for certain crops and for providing funds to big corporate farms. The program, which used a Depression-era fund, allowed farmers earning less than $900,000 a year to receive money if they produced one of the agricultural products that faced retaliation. The government also purchased certain products, such as apples, oranges and pork.
    ďItís clear that the Trump administrationís trade assistance payments pick winners and losers rather than help the farmers who have been hit the hardest by this presidentís trade policies,Ē Stabenow said in a statement Friday.




    Another government bailout,...Another debacle.
    When life itself seems lunatic, who knows where madness lies? - Miguel de Cervantes, (Don Quixote)

    Quote Originally Posted by Voluntarist View Post
    The tree of liberty must be refreshed from time to time with the Federal Reserve Notes of patriotic central banks



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  3. #2
    Actually no . None of what she says is correct . If you read this one it was better than most of those in the past that pre date trump. I propose ending the USDA entirely. I also applaud the fact that people making more than 1 million per item were not qualified for assistance at least .

  4. #3
    There are funds made available to those that apply . I of course would never apply.

  5. #4
    Maybe michigans dud dem senators can show some interest in cutting spending by the USDA in the future .

  6. #5
    Quote Originally Posted by oyarde View Post
    Maybe michigans dud dem senators can show some interest in cutting spending by the USDA in the future .
    LOL
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  7. #6
    Quote Originally Posted by oyarde View Post
    Maybe michigans dud dem senators can show some interest in cutting spending by the USDA in the future .
    Don't hold your breath.
    When life itself seems lunatic, who knows where madness lies? - Miguel de Cervantes, (Don Quixote)

    Quote Originally Posted by Voluntarist View Post
    The tree of liberty must be refreshed from time to time with the Federal Reserve Notes of patriotic central banks

  8. #7
    Welfare is good so long as it is Trumpfare.
    "The one permanent emotion of the inferior man is fear - fear of the unknown, the complex, the inexplicable. What he wants above everything else is safety."
    H. L. Mencken

  9. #8
    Quote Originally Posted by TheCount View Post
    Welfare is good so long as it is Trumpfare.
    There are more liberals here than conservatives so I think the welfare is mostly just OK when the dems say so .



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  11. #9

    Exclamation More Socialist than Bernie

    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Make America the Land of the Free & the Home of the Brave again

  12. #10
    Quote Originally Posted by TheCount View Post
    Welfare is good so long as it is Trumpfare.
    With Frau Doktor Stabenow it's more like - Welfare is good as longs as its doled out by Democrats.

    From Feb 2017.
    https://www.agupdate.com/crops/safet...2028a7857.html

    "Low prices have pinched margins and made it tough for many producers to make ends meet," Stabenow, a Michigan Democrat, said in her opening statement. "And we have heard from many producers that we need to take a hard look at our dairy and cotton programs."

    Stabenow said ag committee members agree the focus should be on the needs of farmers and rural communities in the next farm bill, not arbitrary cuts.
    Politics. Imagine that.
    "They sell us the president the same way they sell us our clothes and our cars. They sell us every thing from youth to religion the same time they sell us our wars. I want to know who the men in the shadows are. I want to hear somebody asking them why. They can be counted on to tell us who our enemies are but theyre never the ones to fight or to die." - Jackson Browne Lives In The Balance

  13. #11
    Quote Originally Posted by Pauls' Revere View Post
    Another government bailout,...Another debacle.
    Just wait, I suspect this is the beginning of payback for moving the USDA jobs out of DC and into the Midwest.

  14. #12
    Quote Originally Posted by oyarde View Post
    Maybe michigans dud dem senators can show some interest in cutting spending by the USDA in the future .
    Theres 0% chance of that ever happening.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  15. #13
    Quote Originally Posted by XNavyNuke View Post
    With Frau Doktor Stabenow it's more like - Welfare is good as longs as its doled out by Democrats.

    From Feb 2017.
    https://www.agupdate.com/crops/safet...2028a7857.html



    Politics. Imagine that.
    Correct . All she is really saying is the monies did not go to whom she wants .

  16. #14
    This bailout is well deserved. Government in many instances were paying farmers not to farm. It keeps our food supply here instead of China.

    "Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world."

    ~ Henry A. Kissinger
    "No one is useless in this world who lightens the burdens of another.Ē ~ Charles Dickens

  17. #15

  18. #16
    Quote Originally Posted by specsaregood View Post
    Just wait, I suspect this is the beginning of payback for moving the USDA jobs out of DC and into the Midwest.
    Good point, I forgot about that.
    When life itself seems lunatic, who knows where madness lies? - Miguel de Cervantes, (Don Quixote)

    Quote Originally Posted by Voluntarist View Post
    The tree of liberty must be refreshed from time to time with the Federal Reserve Notes of patriotic central banks



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