Wednesday, October 22, 2025

Exhausting

Depending on your priorities a lot can be done with $30 to $40 billion.

President Donald Trump has prioritized his friendship with the president of Argentina.

Javier Milei, nicknamed El Loco for his eccentric manners, is one of the few world leaders who attended Trump’s inauguration. Now, with his country facing a dire economic crisis, Trump is sending El Loco $40 billion in a not-at-all subtle effort to help him win reelection later this month.  Given the fact that Argentina's credit rating is basically junk you can kiss our money good bye.

And here’s the conundrum:  during Trump’s first term in office he started a trade war with China. When China responded by buying soybeans from Brazil instead of American farmers the resulting bailout cost all of us more than $35 billion.

Now, Trump’s doing it again, and another ginormous bailout will follow. 

America’s soybean crop is worth at least $30 billion. And once again, China pulled back and hasn’t bought any of our soybeans. Not a single, solitary, bean; much less the $12.6 billion they would have purchased from us at this same time a year ago.

So, where did China get their soybeans? 

Argentina.

The country now getting $40 billion from us.

Trump might have used that $40 billion to reinstate health insurance premium tax credits he insists on letting expire. So the government is shut down, Americans are seeing skyrocketing health insurance bills and farmers are hoping for a bailout check because the president wants to help a friend in a country that’s taking our spot in the global marketplace.

If you're still convinced this puts America First or if Argentina is ever going to pay us back you might just be El Loco. 

I don't see how any of this advances your and my prosperity and general lot in life.  For you readers who are Trump devotees I'm waiting for the explanation.  Meanwhile, all this winning is exhausting....

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