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Daily Archives: May 14th, 2019

Examining the daily news around the web and in print, it is clear that our government is filled with entrenched Taradiddles and fabulists. There is little truth to be gained without a broad examination of ALL of the “news” of the day, yesterday and even speculation about tomorrows events along with that coverage. The current administration has elevated the art of  Politispeak, subterfuge and outright lying to an art form. TOTUS is leading the nation by lying and compounding those lies 140 characters at a time. His “chosen” aides have picked up the slack by continuing and adding to those lies ad finitum at every opportunity. This administration is following a leader who has been dishonest for most of his life and depends on chaos to rule. The economy’s continued growth was started years ago and has moved forward in spite of the mishandling of the economy, foreign and national affairs. What will happen eventually is a collapse of the economy or at least a slow down due to ill-placed tariffs with no basis in fact for their application! This slow down which is starting appear will affect all of us including his avid supporters (who seem to be happy to ignore the connection for the sake of entertainment). With the upcoming election, there is the opportunity to begin a clean-up of the messes made by this administration and we already have assistance in place for that cleanup in the form of our long-time allies who will willingly help to correct the course we are are now. For the entrenched “Trumpofiles” the next president will be assailed but they may never recognize the gains made immediately with the ouster of this administration.


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It is clear that TOTUS is an inveterate and consummate liar, the two articles below show that (those) traits plainly. It’s worth noting that his crew of miscreants follow suit unapologetically. It is worth noting that our Neer do well Congress has not weighed in on this except for two members who are large farm owners.MA

Trump Seeks New $15 Billion Subsidy To Protect Farmers From His Own Trade War
The president falsely claims that tariffs are paid “directly” to the U.S. Treasury by China and indicates these nonexistent Chinese funds will cover the subsidy cost.

By Mary Papenfuss
President Donald Trump is seeking an additional $15 billion in U.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout.
That would be an additional bill for U.S. taxpayers already shouldering the cost of increased tariffs in the form of higher costs for products and parts from China.
Trump revealed the subsidy figure in a tweet Friday. He suggested the government use the funds to buy agricultural products to ship to other nations for humanitarian aid, though setting up such a system would be extremely complicated. In his most recent budget proposal, Trump proposed eliminating three food aid programs, Politico noted.
The president appeared to dismiss the impact of the cost as he falsely claimed — again — that “massive” tariff payments are being paid by China “directly” to the U.S. Treasury, which would presumably be used to cover the cost of the subsidy. There is “absolutely no need to rush” to negotiate a deal with China, he tweeted.
In fact, the tariffs are paid by U.S. importers, who pass on the extra costs to the American consumer in the form of higher prices for products, a fact White House economic adviser Larry Kudlow admitted Sunday. Economists have estimated that the trade war is costing the U.S. more than $3 billion a month.
The administration last year earmarked $12 billion in aid to farmers, almost all of it in direct payments. Sen. Chuck Grassley (R-Iowa) and Sen. Jon Tester (D-Mont.) applied for funds for their farms.The rural vote helped put Trump over the top in the 2016 election, yet his trade war has hit farmers particularly hard. It has contributed to a record number of farm bankruptcies as U.S. farm exports plunge.
Other industries affected by the tariffs are not receiving subsidies.
Trump has called farmers “great patriots” who are willing to sacrifice because they “know they’re doing it for the country.”

05/13/2019 09:36 pm ET Updated 56 minutes ago
Trump Finally Switches Up His Lie That China Pays Tariffs To The U.S. Treasury
Instead, he falsely claimed that tariffs boost America’s GDP.

By Mary Papenfuss
President Donald Trump has finally dropped his ruse that China pays tariffs to the U.S. Instead, he emphasized another trade lie on Monday.
Trump has repeatedly insisted that China pays tariffs directly to the U.S. government. But it’s actually U.S. importers who pay tariffs for Chinese goods, and they pass those costs to U.S. consumers in the form of higher product prices.
Trump finally appeared to concede in a tweet that Americans are the ones who really shoulder tariff costs. But he said “there is no reason” they have to pay them — as long as they buy from a “non-Tariffed Country.”
Many American goods, however, contain parts from different countries, so it’s difficult to dodge products that aren’t affected by tariffs.
Trump also said tariff costs can be avoided if products are purchased “inside the USA,” but that’s clearly not the case with products hit by tariffs — even if people buy them in the U.S.
Trump also tweeted — again — that tariffs have helped the U.S. economy, which is not true according to his own economic adviser. “Some people just don’t get it!” Trump wrote.
White House chief economic adviser Larry Kudlow conceded to Chris Wallace on Fox News Sunday that Trump’s tariffs have hurt jobs as well as GDP. He estimates that loss to be about two-tenths of 1 percent of GDP — lower than many economists’ estimates — and called it a “very modest number” and “so small.” But The Washington Post noted that Kudlow’s estimate amounts to about $40 billion.
In addition, trade fears sent global stock markets plunging Monday, wiping out $1 trillion in value around the world, Bloomberg reported.
Kudlow also admitted to Wallace — despite Trump’s earlier claims — that Americans pay the costs of the tariffs.
China announced Monday it will hike tariffs June 1 on $60 billion of U.S. imports in retaliation for the Trump administration’s increased tariffs on $200 billion worth of Chinese goods last week.


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