More Agricultural Surrealism

President Trump announced yesterday a $12 billion bailout for struggling farmers as he looks to shore up the finances of some of his most loyal supporters whose financial fortunes have been hurt by his trade war.

During his first term, Mr. Trump directed more than $20 billion in economic support to farmers after China boycotted U.S. products in response to Mr. Trump’s tariffs.  Everything Agriculture Secretary Brooke Rollins is enumerating are higher in price today largely as a consequence of import taxes.  You know - tariffs. 

 

This bailout is not a rescue. It is the predictable outcome of a policy cycle that begins with tariffs, produces retaliation, and ends with federal money used to shield a loyal constituency from damage the administration created.  This is absolutely exhausting. 

 

Tariffs were sold as strength. They functioned as economic self-harm. China responded exactly as every trade economist predicted, and farmers absorbed the shock. Now public money is used to steady a group valued for its political loyalty while other sectors harmed by the same policies are left to navigate the fallout alone. 

 

This selective insulation needs to be called-out. When government protects one constituency from the costs of its own decisions while allowing others to bear the full impact, accountability collapses. Policy becomes performance. Consequences become optional for some and unavoidable for others. Neither an economy or a democracy can function for long on that kind of asymmetry.

Create a problem, then drop $12 billion on the people who voted for this problem. Then blame Biden.

After all the wailing and gnashing of teeth over NYC Mayor-Elect Zorhan Mamdani; Trump and MAGA are going full on socialist. 

Surreal.

 

Of course, we've been to this rodeo before....