SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: S. maltophilia10/23/2025 2:27:38 PM
2 Recommendations

Recommended By
flashforward2009
Sam

   of 540648
 
....But back to a possible rural awakening: It may be starting ahead of schedule, thanks to, of all things, the Trump administration’s efforts to bail out Argentina’s Javier Milei.

The attempt by Trump and Scott Bessent, the Treasury secretary, to rush $20 billion to Argentina isn’t a big deal compared with the planned savage cuts to crucial programs. But it’s a graphic demonstration of the administration’s hypocrisy. After all the America First rhetoric, all the insistence that spending must be slashed, suddenly we’re sending lots of money to a foreign nation in which we have no real interest except for the fact that its president is a MAGA favorite. I don’t know how many voters are aware that these moves are in large part an attempt to bail out Bessent’s hedge-fund buddies, but I think the sense of something wrong and corrupt is leaking through.

Furthermore, from farmers’ point of view, Argentina is a rival — a big soybean exporter at a time when Trump’s trade war has locked our own farmers out of China’s market.

And as emphasized in a recent conversation between Greg Sargent and a rural Democratic activist, farmers have been shocked and outraged by Trump’s casual suggestion that he might start buying Argentine beef to sell in the U.S. market. That conveys the impression that Trump doesn’t care at all about his most loyal followers — an impression that is completely correct.

We shouldn’t expect rural America to suddenly do a 180 and abandon Trump. Sargent sends us to a lament from one rancher who calls the idea of buying Argentine beef an “absolute betrayal” — but begins by saying to Trump, “We love you and support you.” The sheer extent to which rural Americans have been...

paulkrugman.substack.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext