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Trump’s farmer bailout is now twice as big as the auto bailout as Trump begs rural America not to leave him: report

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When the president’s trade war began to hurt rural America, he used a huge chunk of his budget to issue a $28 billion bailout, which is twice of what the government loaned to the big three automakers. In the case of the automakers, the funds were paid back with interest and they did it earlier than expected. Farmers are not expected to pay back the government.

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Bloomberg reported Monday that farmers caught up in Trump’s trade war have come to rely on the government’s bailouts to keep their farms alive when China isn’t purchasing their crop.

U.S. Secretary of Agriculture Sonny Perdue has been the face of the Trump administration traveling from state to state and apologizing to farmers for the trade war.

“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,” said Trump, who then added, “I hope you like me even better than you did in ’16,” Trump told a room of farmers over Perdue’s cell phone pressed to a microphone.

In August, Perdue was in Minnesota where he met Brian Thalmann, who serves as the president of the Minnesota Corn Growers Association. He lamented that Trump’s claim that farmers are doing “great,” was a lie.

“We are not starting to do great again,” he said. “We are starting to go down very quickly.”

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Rural communities would typically welcome Trump with cheers and applause, but after dealing with the trade war, support is quieter.

“The aid package that has come in is a relief, and it softens the landing, but it’s not a solution, it’s a Band-Aid,” Bloomberg quoted farmer Stan Born, who attended a Perdue event in Decatur, IL in late August.

When asked if the payments helped him break even, he said, “Of course not.” He’d prefer free trade.

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The agriculture industry has been the collateral damage in a war between Trump and China on manufacturing, technology and intellectual property.

“Efforts to cultivate China’s appetite for American soybeans stretch back almost four decades,” Bloomberg reported. “China’s purchases exceeded $12 billion in 2017, according to U.S. Department of Agriculture statistics. But they’ve pretty much dried up since the end of 2018, when China made goodwill buys as the two countries appeared to be close to a détente.”

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Sept. 1, Trump added additional tariffs on China to the tune of about $110 billion. China clapped back with its own tariffs on American-raised pork, beef, chicken and other goods. While the problems are isolated to mostly soybean farmers, it is spreading to ranchers and livestock farms.

“On Sept. 13, China’s state media reported that the country would exempt some American soybeans, pork, and other agricultural products from more tariffs,” Bloomberg explained.

“Net farm income is projected to be down 29 percent this year from 2013 levels, and debt to total $416 billion,” they calculated.

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Read the full report at Bloomberg.


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Trump trashes Fox Business host and former GOP House Speaker in bizarre Twitter rant

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On Thursday, President Donald Trump lashed out on Twitter, attacking RealClearPolitics columnist A. B. Stoddard, Fox Business host Neil Cavuto, and former House Speaker Paul Ryan (R-WI) in response to a TV segment that faulted his performance in the 2016 presidential debates.

"Could somebody at @foxnews please explain to Trump hater A.B. Stoddard (zero talent!) and @TeamCavuto, that I won every one of my debates, from beginning to end," Trump tweeted. "Check the polls taken immediately after the debates. The debates got me elected. Must be Fox Board Member Paul Ryan!"

https://twitter.com/realdonaldtrump/status/1230611451431153666?s=21

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David Letterman jokes ‘enormous fellow’ Donald Trump can ‘eat the restaurant empty’

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The folks over at TMZ caught up David Letterman in Los Angeles this Thursday and asked him his thoughts on which presidential candidate, Donald Trump or Michael Bloomberg, is more fun to have dinner with.

Letterman, who knows both men well, and according to the former late-night talk show host. "there'd be nothing left" on the plate.

"He's such an enormous fellow, he would eat he restaurant empty," Letterman said.

In regards to Bloomberg, Letterman said, "I think he eats like a bird."

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‘Possibly the craziest and scariest thing he has done’: Conservative blasts Trump for DNI Richard Grenell

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Conservative Washington Post columnist Max Boot blasted President Donald Trump's new appointee Richard Grenell to take over as acting director of national intelligence.

Previously, Trump was furious at his acting DNI when he learned that Democrats were given an intelligence briefing. The source speaking to the Post said that Trump gave Maguire a “dressing down” that left the former acting DNI “despondent.”

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