Drudge Retort: The Other Side of the News
Wednesday, October 30, 2019

U.S. farm bankruptcies in September surged 24% to the highest since 2011 amid strains from President Donald Trump's trade war with China and a year of wild weather.

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Winning too much, cut it out.

#1 | Posted by oldwhiskeysour at 2019-10-30 03:58 PM | Reply

If someone is going to be hurt by trump, at least it's trump supporters instead of innocent bystanders this time.

#2 | Posted by SpeakSoftly at 2019-10-30 06:41 PM | Reply | Newsworthy 1

Thanks Trump!

#3 | Posted by mOntecOre at 2019-10-30 07:14 PM | Reply

How are they going bankrupt? I thought the conservatives were giving them "free stuff" (taxpayer money) to counter the effects of the tariffs?

#4 | Posted by gtbritishskull at 2019-10-30 07:20 PM | Reply

What better way to corporatize agriculture than to produce a blameless conversion process like endless Trade Wars.
Try bringing those troops home.

#5 | Posted by LesWit at 2019-10-30 07:31 PM | Reply | Newsworthy 2

"I thought the conservatives were giving them "free stuff" (taxpayer money) to counter the effects of the tariffs?"

The rebates are mainly going to the corporate farms.

Meanwhile, these bankruptcies are just "the free market" sloughing off those pesky family farms.

#6 | Posted by Danforth at 2019-10-30 07:35 PM | Reply | Newsworthy 5

Sometimes, to make America great, the little guy must take one for the team.

Thanks again, trumpsters!

#7 | Posted by contrecoup at 2019-10-30 08:30 PM | Reply

#2 | Posted by SpeakSoftly

They are hurting more than others but we are all paying. It's just the Chinese targeted them because they are mostly Trump supporters. I am sorry for those that are not.

#8 | Posted by GalaxiePete at 2019-10-30 08:38 PM | Reply

#4 | Posted by gtbritishskull

I believe I read corporate farms were getting most of the benefits and small farmers weren't seeing squat.

#9 | Posted by GalaxiePete at 2019-10-30 08:39 PM | Reply

Winning

#10 | Posted by hamburglar at 2019-10-30 08:57 PM | Reply

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Sometimes, to make America great, the little guy must take one for the team.

Thanks again, trumpsters!
#7 | POSTED BY CONTRECOUP

And the bad part is the little guy isn't even on the team.

#11 | Posted by WhoDaMan at 2019-10-30 10:53 PM | Reply | Newsworthy 1

When you're given a change in rate with no other values, you know you're being misled with statistics.

#12 | Posted by visitor_ at 2019-10-31 07:51 AM | Reply

Well Trumplethinskin found bancruptcy a great way to eat your cake without ever actually having it. This is the new capitalistic economic paradigm... borrow, spend it all on "potential" and when it fails find protection at taxpayers expense...move on to the next screw up.

#13 | Posted by RightisTrite at 2019-10-31 10:20 AM | Reply

"I thought the conservatives were giving them "free stuff" (taxpayer money) to counter the effects of the tariffs?"

I've read twice now that the bailouts to farmers has now exceeded the auto bailouts during the great recession. Any bets on when we'll get these paid back?

#14 | Posted by YAV at 2019-10-31 10:52 AM | Reply

Every POTUS has their strategic blunder. W didn't have an exit strategy. Obama didn't have an ACA deployment strategy. Trump doesn't have a safety net strategy. Politicians have learned that nothing really ever happens to them no matter what they do, so why strategize? Just do what your party wants you to do and everything will be fine.

#15 | Posted by humtake at 2019-10-31 11:57 AM | Reply

"Well Trumplethinskin found bancruptcy a great way to eat your cake without ever actually having it. This is the new capitalistic economic paradigm... borrow, spend it all on "potential" and when it fails find protection at taxpayers expense...move on to the next screw up."

It's kind of sad that there are kids so young in politics that they think this is "new". Rockefeller used the same tactic to his advantage decades ago. This is a very old tactic. Welcome to the world of rich people, kid.

#16 | Posted by humtake at 2019-10-31 12:01 PM | Reply

Any bets on when we'll get these paid back?

#14 | Posted by YAV

Or when those who were so stridently against the auto bailout get around to applying the same standard to this bailout?

#17 | Posted by jpw at 2019-10-31 03:41 PM | Reply

-Any bets on when we'll get these paid back?

Yeah...the next time you go to the store and food hasn't jumped 135% in cost.

#18 | Posted by eberly at 2019-10-31 03:44 PM | Reply

-I've read twice now that the bailouts to farmers has now exceeded the auto bailouts during the great recession.

where did you read that?

www.thebalance.com's%20%2480.7%20billion,December%202008%20to%20December%202014.&targetText=The%20Big%20Three%20automakers%20asked,loss%20of%201%20million%20jobs.

www.nytimes.com

80 Billion vs 16 Billion

#19 | Posted by eberly at 2019-10-31 03:47 PM | Reply

#19 | Posted by eberly

bangordailynews.com

Trump's farm bailout has cost taxpayers more than double the auto bailout

Presidents George W. Bush and Barack Obama pumped billions into a rescue of the auto industry. That bailout ultimately cost the public about $12 billion when everything was settled and loans repaid.

But that looks like small potatoes compared with the farm bailout underway now. So far, Trump's direct payments to farmers hurt by his trade dispute with China have totaled some $28 billion " more than twice what the auto bailout cost, according to calculations from Bloomberg Businessweek. And the payments are still flowing with no end in sight to the trade dispute.

#20 | Posted by SpeakSoftly at 2019-10-31 04:01 PM | Reply

Maybe the key piece of data is in the auto bailout - 80 billion ended up only costing taxpayers 10-12 billion.
But it does seem that the farm bailout is now $28 billion total.

theweek.com

China hawks in Trump's administration want Beijing to quit subsidizing strategic industries, yet that hasn't deterred the White House from doling out billions in aid to American farmers, who have become more dependent on government money than they've been in years. 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. [Bloomberg Businessweek]

Trump: "I sometimes see where these horrible dishonest reporters will say that 'Oh jeez, the farmers are upset.' Well, they can't be too upset, because I gave them $12 billion and I gave them $16 billion this year," Trump said in a phone-in to Illinois farmers in late August, adding, "I hope you like me even better than you did in '16."

#21 | Posted by schifferbrains at 2019-10-31 04:01 PM | Reply

Eberly killed the recent comments page with that link.

#22 | Posted by Hagbard_Celine at 2019-10-31 04:04 PM | Reply

Speaks ninja'd me.
No small feat on a site that moves at the speed of Grump.

#23 | Posted by schifferbrains at 2019-10-31 04:05 PM | Reply

Was the bank bailout more or less?

#24 | Posted by Petrous at 2019-10-31 04:15 PM | Reply

Sorry about that.

My link didn't factor the payback. Fair enough.

#25 | Posted by eberly at 2019-10-31 04:16 PM | Reply

Forbes put the figure in the Trillions for the bank bailout.

#26 | Posted by Petrous at 2019-10-31 04:18 PM | Reply

Save farms

Save autos

Save banks.

#27 | Posted by Petrous at 2019-10-31 04:18 PM | Reply

Both parties will support keeping the farms afloat.

Are their hypocrites on these issues? absolutely. There are plenty to blame for that.

#28 | Posted by eberly at 2019-10-31 04:44 PM | Reply

Save farms

Save autos

Save banks.

#27 | Posted by Petrous

Screw farms. They voted for his idiot. They should eat the consequences of their actions. Not get bailed out by the smarter people who didn't vote for the idiot.

#29 | Posted by SpeakSoftly at 2019-10-31 05:18 PM | Reply

"I never though the leopards would eat MY face," sobs man who voted for the "Leopards Eating People's Faces" Party.

#30 | Posted by Sycophant at 2019-10-31 05:32 PM | Reply | Newsworthy 3

Screw farms? Do you eat? All farmers are republican? All farmers hated Hillary?

#31 | Posted by Petrous at 2019-10-31 06:13 PM | Reply

Screw farms? Do you eat? All farmers are republican? All farmers hated Hillary?

#31 | Posted by Petrous

Statistically most of them voted for trump. Now they're being given MY tax revenues so they dont have to feel the pain of their stupid decision?

#32 | Posted by SpeakSoftly at 2019-10-31 06:36 PM | Reply

And the irony is that these same bankrupt farmers will still vote for Trump again in 2020. The notion that maybe it is really the Dems who have their best interests at heart is something most of them seem unable to comprehend.

#33 | Posted by moder8 at 2019-10-31 06:42 PM | Reply

And the irony is that these same bankrupt farmers will still vote for Trump again in 2020. The notion that maybe it is really the Dems who have their best interests at heart is something most of them seem unable to comprehend.

#33 | Posted by moder8

There's a reason trump does best among the stupidest voters.

#34 | Posted by SpeakSoftly at 2019-10-31 06:56 PM | Reply

Save farms - TRUMP SOCIALISM FOR POLITICAL GAIN

Save autos - MONEY PAID BACK

Save banks - MONEY PAID BACK

#27 | Posted by Petrous

#35 | Posted by AMERICANUNITY at 2019-10-31 07:18 PM | Reply

#36 | Posted by AMERICANUNITY at 2019-10-31 07:20 PM | Reply

When you're given a change in rate with no other values, you know you're being misled with statistics.

#12 | POSTED BY VISITOR_

And when you Visitor comments, you know they didn't read the article because if they did then they'd see it lists other pertinent data as well as a link to the full report from the farm bureau.

#37 | Posted by johnny_hotsauce at 2019-11-01 01:15 PM | Reply

This article can't be true. Trump said just a couple of weeks ago that China was buying up huge amounts of farm goods from the US. He wouldn't lie, would he?

Then again the very next article down from the op says "China Doubts Long-Term Trade Deal Possible With Trump" and another I saw says that the deal that $20B trade deal that Trump claims to have made with China and so proudly touted as a big win for the US is actually worth $7B less than they were already on pace to buy. So that can't be true either because again, Trump wouldn't lie, would he?

#38 | Posted by johnny_hotsauce at 2019-11-01 01:28 PM | Reply

All the tax cuts for corps and wealthy are just about ready to pay off.

The trickle down is imminent.

Just a little more time.

Please believe me!

#39 | Posted by fresno500 at 2019-11-01 02:06 PM | Reply

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