Real GOP outrage at Trump’s ‘Soviet type’ $12 billion bailout for farmers

Anyone who has ever performed even a cursory look at how Trump ran his “business empire” should be well aware that he regularly used other people’s money to cover his failures. That is, after all, the reason Trump filed bankruptcy six times; to force contractors, material suppliers, employees and financial institutions to absorb the costs of his ineptitude and corruption. Now, the American people will absorb the monetary damage of Trump’s incompetence on international trade to the tune of $12 billion. If the people were not already outraged over the never-ending Trump atrocities, this latest expense should inspire their ire and drive them insane with rage.

After Trump’s Agriculture Department announced the oaf in the Oval’s plan to “bail out” farmers hurt by Trump’s trade war tariffs that primarily affect the agricultural industry, many Republicans in Congress from farm country were driven to rage.

For example, Trump supporter Joni Ernst, Republican senator from Iowa, said that international trade supports 456,000 jobs in her state alone. Ms. Ernst added:

These new tariffs are threatening $977 million in state exports.  Those are real people — Iowans — who are waiting for terms to be negotiated, for new deals to be finalized.”

A regular Trump critic, an anomaly in Washington politics, Senator Ben Sasse (R-NE) issued a statement saying:

This trade war is cutting the legs out from under farmers and the White House’s ‘plan’ is to spend $12 billion on gold crutches. . . .America’s farmers don’t want to be paid to lose — they want to win by feeding the world. This administration’s tariffs and bailouts aren’t going to make America great again, they’re just going to make it 1929 again.”

After Trump gave a speech in Kansas City Missouri claiming that the economic and trade experts were wrong, and that his damaging tariffs were benefitting America’s farmers, one of Trump’s supporters, Senator Chuck Grassley (R-IA) said:

The president’s Trump is going to have to say more than ‘I like the farmers and I support the farmers.’”

Retiring Tennessee Republican, Senator Bob Corker, spoke plainly in condemning what he labeled “Trump’s incoherent trade policy offering welfare to farmers to solve a problem he created.” As Mr. Corker rightly noted, the “overall problem is Trump’s trade policies that go against free-market principles.”  Mr. Corker continued:

“You have a terrible policy that sends farmers to the poorhouse, and then you put them on welfare, and we borrow the money from other countries. It’s hard to believe there isn’t an outright revolt right now in Congress over what is happening.”

Another Republican senator, Wisconsin’s Ron Johnson, compared Trump’s bailout plan to cover his ineptitude to the former Soviet Union, labeling it “downright un-American.” Mr. Johnson said:

“This is becoming more and more like a Soviet type of economy here. Commissars deciding who should be granted waivers. Commissars in the administration trying to figure out how they’re going to sprinkle around benefits.”

An agricultural trade group leader who obviously understands the dangers of Trump’s trade war stated the obvious; “American farmers need contracts, not taxpayer funded welfare, for stability and to keep their livelihoods in place.” Brian Kuehl is the executive director of a trade group, Farmers for Free Trade, who said regarding Trump’s welfare for farmers:

“The best relief for the president’s trade war would be ending the trade war. This proposed action would only be a short-term attempt at masking the long-term damage caused by tariffs.”

It is noteworthy that there is indeed going to be long-term damage even if Trump should rescind the tariffs; because America’s once loyal trading partners are swiftly moving forward with a rash of new “free trade” agreements with nations opposed to isolationism. Trump’s bovine excrement lie that the taxpayer funded cover for his trade malfeasance is necessary to protect the farmers until he can negotiate new trade deals is typical Trump stupidity.

For dog’s sake, no nation in their right mind will negotiate with Trump because everyone knows he cannot be trusted, and they have already moved on to better trade deals. They have no reason to deal, or negotiate trade deals, with America when they have made remarkable “free trade” agreements with nations that are not opposed to globalization or afraid of Trump’s America.

It should be no surprise that despite the immediate negative reaction from members of his own party, Trump is not only undeterred, he intends to expand the trade war with utmost haste. Many pundits have opined that Trump’s intent to spend $12 billion of taxpayer funds to cover the damage from his tariffs is proof he is Hell-bent on expanding the trade war. In fact, after being criticized mercilessly by his own party for implementing an “incoherent trade policy” and creating “a Soviet-type” economy to cover his idiocy, Trump “tweeted” that his “Tariffs are the greatest!

This issue, like everything connected to the criminal in the Oval Office, should inspire ire and outrage among the population for myriad reasons. The people Trump is going to provide welfare to assuage the economic damage he created are among his most ardent and bigoted supporters. That includes the Senate Republicans from agriculturally rich states now railing against the policies Trump pledged to enact at every campaign rally throughout the 2016 presidential campaign.

No decent American wants to celebrate the economic damage Trump is wreaking on his supporters in the agriculture sector, but it is difficult to have an iota of compassion for their plight. Because despite the deliberate pain Trump is causing their families and livelihoods, they still support him and his make America white and Christian agenda.

However, the aspect of this latest abomination that is the most infuriating is that Trump is going to use $12 billion of taxpayer money for injuries he unilaterally inflicted on his base. In addition, it is a slap in the face of every American that Trump bemoans spending “money we don’t have” on healthcare, food, education, and housing for the poor, but is quick to drop $12 billion of other people’s money to cover his incompetence and idiotic trade war. Throughout his alleged “illustrious” business career, Trump has used material suppliers’, contractors’ and financial institutions’ money to cover his greed and incompetence. It should not be surprising he is using American taxpayers’ money to cover the damage from his “incoherent trade policy” and “Soviet style economic agenda.”

As retiring Republican Senator Bob Corker said, “It’s hard to believe there isn’t an outright revolt right now in Congress over what is happening.” It is also hard to believe there isn’t an outright revolt among the general population, because they are the ones who will suffer most from Trump’s trade war and now they have to pay for Trump’s incompetence.

Although Trump has provided a thousand reasons to be enraged over the past two years, the idea that he is blatantly using Americans’ tax dollars to pay for his idiocy, no matter who gets the money, may be the proverbial straw that broke the proverbial camel’s back. At some point, even Republicans in Congress have to comprehend that like some of their colleagues, Americans will only stay silent and passive for so long, especially with midterm elections looming large.

Americans may continue tolerating Trump’s treasonous affair with Vlad Putin and Russia’s oligarchs; and they may even overlook Trump and his family personally profiting from living in the White House. But it is difficult to fathom very many Americans’ overlooking having to pay $12 billion to cover Trump’s personal incompetence and outrageous tariffs – especially when they understand that Russian President Vladimir Putin likes Trump’s tariffs on America’s trading partners.

Image: Reuters

Japan and the E.U. hit back at Trump with major free trade agreement

In Trump’s insignificant little mind he is a master of “the deal,” but his alleged prowess in “dealing” with America’s international trading partners is proving to be a significant detriment to nearly every industry in the United States. That fact was manifest in grand fashion when as expected, Japan and the European Union signed a major trade agreement that is as much a slap in Trump’s bloated orange face as it is going to be an economic benefit to the nations involved – nations that will not include the United States.

President Barack Obama, and this nation’s leading economists, manufacturing industries and corporate leaders, were avid supporters of the Trans Pacific Partnership (TPP) because it allowed America to dictate its own economic destiny. The concept of America ever being able to dictate, or control, its own economic destiny died the day of Trump’s poorly attended inauguration. That is the day when reality sunk in that a know-nothing television celebrity intended to “make America great” by abandoning hard-fought trade agreements negotiated solely to benefit American industries. That reality prompted America’s trading partners to begin seeking new trade agreements without the isolationist-minded United States’ involvement; the Japan and the European Union agreement is a result of Trump’s plan to make America great by isolating it from the rest of the world.

The agreement signed last week is the culmination of negotiations that began exactly one year ago during the so-called G20 economic summit in Hamburg Germany. Those negotiations were a direct result of Trump unilaterally withdrawing America from the TTP and coupled with his campaign pledge to force Canada and Mexico to renegotiate the North American Free Trade Agreement (NAFTA).

It is noteworthy that just the threat of America reneging on its NAFTA agreement prompted Mexico to initiate its so-called “Plan B” and begin negotiations with other nations eager to supplant America’s powerful agriculture sector. Those negotiations have yielded agreements that benefit Mexico and several other nations at the expense of America’s agriculture sector; the new EU-Japan Economic Partnership Agreement (EPA) deals an additional blow to American farmers.

The new EPA drastically reducesmost bilateral tariffs including high Japanese duties on EU products and EU tariffs on Japanese automobiles.” The European Commission projects that the EPA will eliminate roughly $1.2 billion in tariffs for EU exporters and “double the amount for Japanese companies.” Because of Trump, American exporters will be at a major trade disadvantage because they are now “isolated” from the “free-trade zone” the countries making up around 30 percent of the world’s GDP now enjoy. As noted by Bob Bryan writing for Business Insider, “The EPA is the just the latest in a series of liberalizing agreements that have been initiated or formalized by major economic powers around the world;” all while Trump is isolating America and antagonizing the country’s allies and trading partners as a matter of course.

That isolationism and protectionism Trump champions is also one of the reasons the EPA was signed in a very public way. Japanese Prime Minister Shinzo Abe and European Council President Donald Tusk were forthright in telling the rest of the civilized world why they acted decisively without American participation. Mr. Tusk said:

This is an act of enormous strategic importance for the rules-based international order, at a time when some are questioning this order. We are sending a clear message that we stand together against protectionism.”

Prime Minister Abe also leveled some criticism Trump’s way and rightly asserted that Japan and the EU were taking the lead in international trade that America once enjoyed. Mr. Abe said:

“While protectionism is spreading in the world, Japan and the European Union will take the lead as flag bearers for free trade.”

It bears repeating, ad nauseam, that America is being left out of more and more free trade deals due to Trump. While the imbecile in the White House consults his own moronic mind on international trade, the world’s other “major economic powers” have been negotiating similar deals to the EPA over the past year or so.  It is true that some of the deals were in the works prior to Trump, but the loss of America’s leadership prompted the rest of the world to expedite their commitment to free trade and eliminate the barriers like those Trump is erecting on America’s trading partners.

This EPA deal is not the EU’s only foray into international trade as the new world leader. The EU is in the process of ratifying “a landmark agreement with Canada” and “pursuing deals with Mexico, Australia, and the so-called “Mercosur;” a trading bloc made up of Argentina, Brazil, Paraguay, and Uruguay. The EU is also in talks with China that recently “lowered tariffs on products including vehicles and launched talks with the EU to build a stronger trade relationship;” all while Trump is doing everything in his power to decimate America’s trade relationships with ill-advised unilateral tariffs.

In fact, last Monday, China and the European Union economic leaders issued a rare joint statement reiterating their dedication “to resisting protectionism and unilateralism, and making globalization more open, balanced, inclusive, and beneficial to all;” except for America with its isolationist malcontent incapable of comprehending the benefits of participating in, much less leading, a global economy.

It is unclear how much damage to America Republicans and their corporate funders are going to allow Trump to single-handedly inflict on the nation’s economy before they say enough. He has created a disaster for the agriculture industry with idiotic immigration policies, tariffs, withdrawing from the TTP and just threatening to balk on America’s commitment to NAFTA. And the downstream damage to American manufacturers due to tariffs on steel and aluminum is going to be significantly devastating. All the while, Trump’s supporters who are the first casualties of his isolationism maintain their undying support for him. It is almost certain they will continue their support even as they lose their livelihoods and suffer higher prices due to Trump’s tariffs.

It is a travesty that although America is a powerful economic force, it ceded its global leadership to other nations like Japan, Canada, China, and the European Union simply because Trump fails to recognize the benefits of globalization and the value of free trade. The bigger travesty is that Trump’s supporters, those who are already feeling the effects of his isolationist and protectionist policies, will continue supporting him for two overriding reasons unrelated to international trade; he pledge to make America white and Christian.

Image: South China Morning Post