Wry Catcher
Diamond Member
- Banned
- #61
Just think if Obama hadn't been so anti-business as the attached shows.
But you don't seem to understand the implications of what Trump has achieved.
Why would ANY American let alone the President make the below statements.
How many regulations has the Trump administration cut? Coming up with a solid number isn’t easy. The White House boasts the elimination of 22 rules for every new rule enacted, which results in $8.1 billion in lifetime savings via 67 regulatory cuts
These Are the Biggest Regulations Donald Trump Has Cut -- and How They Affect You
And how much does rules and regulations compliance cost?
Federal Regulations Cost U.S. $2 Trillion Per Year, Study Shows
Federal Regulations Cost U.S. $2 Trillion Per Year, Study Shows
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LOL, nice try. Obama saved the Auto Industry, your claim he was anti business is bullshit, as well the rest of your spin.
The GM bailout cost us 11.2 Billion
we’ve spent 24 billion on bailing out the farmers
HEY DUMMY! Don't you know how to use the Internet? See below FACTS... about the ignorant, anti-business Obama!
Actually the FACTS regarding GM,et.al.. are shown by this simple chart!
The U.S. government essentially closed the books on TARP with a $15.3 billion profit.
Treasury sold its remaining shares Friday in Ally Financial, its last remaining major stake from the $426 billion bailout of banks and the U.S. auto industry.
The Troubled Asset Relief Program was passed in 2008, in the wake of Lehman Brothers' bankruptcy, as the nation's financial system was on the verge of collapse and economists feared another Great Depression. At the height of the bailout, Treasury owned a significant stake in all of the major U.S. banks, such as Citigroup (C) and Bank of America (BAC), two of the nation's Big Three automakers -- General Motors (GM) and Chrysler Group (FCAM) -- as well as one of its largest insurers, AIG (AIG).
U.S. ends TARP with $15.3 billion profit
OH and by the way... Obama had NOTHING to do with TARP!
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by a Democratic Party controlled Congress and signed into law by Republican Party President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis.
Dumb shits like you giving CREDIT to Obama!
Obama actually was the beginning cause of the credit crisis with the below "redlining" lawsuit!
Documents: Plaintiffs in 1995 Obama-led Citibank lawsuit submitted class action claims
Documents: Plaintiffs in 1995 Obama-led Citibank lawsuit submitted class action claims/
we spent more bailing out farmers than we lost on GM
TARP was paid back so you are right on NO losses on GM!
But as far as "bailing out farmers"....
FACTS...
It is so simple Dummy to use the Internet!
Farmers have received subsidies since 1862! Simple search doesn't take any time and yet idiots like you shoot your mouth off without even an iota of proof!
HOW dumb!
History
Below is an abridged history of the agriculture industry in the United States:
- 1862: Agriculture has long attracted federal support. The Homestead Act in 1862granted land in the west to settlers willing to farm it. The Morrill Act of 1862funded colleges of agriculture. The Federal Farm Loan Act made government loans available to farmers. It made sure there was enough food during World War I.It became the Farm Credit System.
- 1929: The Agricultural Marketing Act of 1929 created the Federal Farm Board. It tried to keep crop prices from crashing. It asked farmers to limit crops, which didn't work. It bought and stockpiled crops to limit supplies. It became the Farm Credit Administration in 1933.
- President Franklin D. Roosevelt included farm subsidies in the New Deal. They were originally created to help farmers ravaged by the Dust Bowl and the Great Depression of 1929.
- 1933: Congress signed the Agricultural Adjustment Act. It paid farmers to reduce crop output. It doubled crop prices by 1937. It was overturned by the Supreme Court in 1935 because it taxed processors but gave funds to farmers. That was remedied in 1938. The Emergency Farm Mortgage Act provided loans to save farms from foreclosure.
- 1934: The Soil Conservation & Domestic Allotment Act paid farmers to plant soil-building crops, like beans and grasses, to counteract the drought. The Rural Electrification Act provided loans to farming cooperatives to generate electricity for their rural areas. The Resettlement Administration trained farmers and adjusted farm debt payments. It bought 10 million acres of submarginal farmland and paid farmers to convert it to pasture, preserves, or parks. It also resettled farmers onto better land and taught them modern conservation and farming techniques.
- 1937: The Farm Tenancy Act created the Farmers’ Home Corporation to provide loans for tenant farmers to buy their farms. The Farm Security Administrationreplaced the Resettlement Administration to provide loans and training for farmers.
- 1938: The New Agricultural Adjustment Act remedied the 1933 AAA. This price support system lasted until the 1990s. The federal government guaranteed farmers a high enough price to remain profitable. How did it do this? It paid farmers to make sure the supply did not exceed demand. The government subsidized farmers to keep croplands idle in order to prevent overproduction. It also bought excess crops. It then either stored them or gave them away to feed low-income people throughout the world. By 1999, farm subsidies had reached a record $22 billion.
- 2001-2006: Farm subsidies tapered off a bit, averaging $19 billion a year. Of this, about 15% was wasteful, unnecessary, or redundant. Between 1995 and 2010, farm subsidies had ballooned to $52 billion a year on average.
- During the recession, as lawmakers looked for ways to cut the budget, many asked, "Do corn growers need subsidies?"
- 2011-2012: In 2011, a record 14 billion bushels of corn were produced. In 2012, 94 million acres of corn were scheduled to be planted. This was more than in any year since World War II.
- 2017: Large farms dominated the industry. Farms generating $1 million or more in sales produced two-thirds of the nation's agricultural output. Only 4% of farms were that large. Big farms gobbled up small ones that couldn't compete. They relied on economies of scale to produce more food at a cheaper price. That sent prices down even more, putting more small farmers out of business. The 2012 budget proposed a 22% cut to farm subsidies, including the $5 billion direct payment program. The House budget also proposed $180 billion in cuts to the farm subsidy program. But $133 billion cut the food stamp program, affecting 8 million consumers, not farmers.
- December 12, 2018: Congress approved a five-year farm bill. It provided $867 billion over 10 years. It covers the food-stamp program for low-income families, farm subsidies, and research efforts. The Trump administration is increasing work requirements for those receiving food stamps.
- How Farm Subsidies Affect You
Once again way off the topic, and irrelevant to your fake allegation of President Obama's character. Go jump off a bridge over water, maybe then you'll clean up all your bullshit.