Farm bankruptcies are surging as Trump's trade war drags on

Feb 2011
17,484
11,986
The formerly great golden state
#12
Take it from Planned Parenthood.
I asked Google, "How much federal money does Planned Parenthood get?"
Answer:

In the fiscal year ending June 30, 2014, total revenue was $1.3 billion: non-government health services revenue was $305 million, government revenue (such as Medicaid reimbursements) was $528 million, private contributions totaled $392 million, and $78 million came from other operating revenue.
Planned Parenthood - Wikipedia

https://en.wikipedia.org/wiki/Planned_Parenthood
So, roughly half a billion, to make up for 27 billion, OK then, the debt could be paid in only 54 years.
 
Feb 2011
17,484
11,986
The formerly great golden state
#13
Jul 2011
59,705
11,880
NYC/Москва
#14
Perhaps because those bankruptcies were not a direct result of a unilateral action taken by the president. The current bankruptcies, on the other hand, are.

Good try at whataboutism, though.


Exposing partisan propaganda, lies, is not "whataboutism" pointing out that farm bankruptices exploded under obama and are actually going down under trump is exposing #fakenews.
 
Apr 2012
59,012
43,950
Englewood,Ohio
#15
Perhaps because those bankruptcies were not a direct result of a unilateral action taken by the president. The current bankruptcies, on the other hand, are.

Good try at whataboutism, though.
According to Jon Tester, the only real Farmer in the Senate prices have been dropping but the Tariffs will finish off the small Farmer,leaving us dependent on Corporate Farms.

China is now buying soy beans from Brazil.
 
Feb 2011
17,484
11,986
The formerly great golden state
#16
Exposing partisan propaganda, lies, is not "whataboutism" pointing out that farm bankruptices exploded under obama and are actually going down under trump is exposing #fakenews.

Saying, "What about bankruptcies when Obama was president" is whataboutism. If you can point to a unilateral action taken by Obama that resulted in those bankruptcies, then you at least have a what about Obama sort of a point.
 
Likes: NightSwimmer
Jul 2011
59,705
11,880
NYC/Москва
#17
Saying, "What about bankruptcies when Obama was president" is whataboutism. If you can point to a unilateral action taken by Obama that resulted in those bankruptcies, then you at least have a what about Obama sort of a point.

The point is not to say "look what obama did to farmers" it's to point out that this #fakenews story doesn't have factual information. Showing farm failures during the obama administration and the decrease under trump, doesn't credit either president with those actions, it simply points out the facts over the propaganda in the OP.

Simple as that.
 
Feb 2011
17,484
11,986
The formerly great golden state
#18
The point is not to say "look what obama did to farmers" it's to point out that this #fakenews story doesn't have factual information. Showing farm failures during the obama administration and the decrease under trump, doesn't credit either president with those actions, it simply points out the facts over the propaganda in the OP.

Simple as that.

Cause and effect:

Trump started trade war = cause.
Farmers went bankrupt = effect.

Your chart does not show a "decrease under Trump," and it ignores the cause of said bankruptcies.
 
Nov 2010
2,732
1,078
San Diego...ish
#20
This isn't really "dealing with the Chinese."

We're expending massive amounts of global political capital and paying a not-insignificant economic cost to worsen their pre-existing slowdown.

The result is all but inevitable: China will recover, and we'll be seen as an obstinate bully. Meanwhile, it's not at all clear our farmers will recover.
Why would you think that China will recover but the American farmer will not? China has many deep rooted problems that will only get worse when their products get too expensive. Much of the manufacturing will move to India, Vietnam, Thailand, or any number of other places that would love to get a piece of China's pie. They have a rapidly aging population with few choices for growth unless they start knocking out clones like they do cell phones. "Six percent growth" for them is most likely the start of a downturn in their economy due to rampant corruption and misrepresentation of the true economic numbers.

On the flip side, our farmers are hurting right now. True enough. Fortunately though, the world's population continues to grow and the US has more than enough capacity to keep filling the voids for when this trade war ends.

The one other thing that puzzles me about your comment, is why you would think that the US would be seen as the bully while China would not?