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Farm bailout now more than double auto bailout
GDS
Member Posts: 1,470
in Tug Tavern
Trade wars are good and easy to win!
https://www.bloomberg.com/news/articles/2019-09-19/farmers-say-trump-s-28-billion-bailout-isn-t-a-solution
At $28 billion so far, the farm rescue is more than twice as expensive as the 2009 bailout of Detroit’s Big Three automakers, which cost taxpayers $12 billion. And farmers expect the money to keep flowing: In an August survey by Purdue University and the CME Group, 58% said they anticipate another round of trade aid next year.
https://www.bloomberg.com/news/articles/2019-09-19/farmers-say-trump-s-28-billion-bailout-isn-t-a-solution
At $28 billion so far, the farm rescue is more than twice as expensive as the 2009 bailout of Detroit’s Big Three automakers, which cost taxpayers $12 billion. And farmers expect the money to keep flowing: In an August survey by Purdue University and the CME Group, 58% said they anticipate another round of trade aid next year.
Comments
Try 80
https://www.google.com/amp/s/www.marketplace.org/2018/11/13/what-did-america-buy-auto-bailout-and-was-it-worth-it/amp/
https://www.chicagofed.org/~/media/publications/economic-perspectives/2012/2q2012-part1-klier-rubenstein-pdf.pdf
For one thing, the U.S. recovered all but about $9 billion of the auto bailout money.
Unless Venezuela.
Oh yeah we don't have a commie president!
Tariffs pay the farmers HTH