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Frasier Balzov

(4,785 posts)
Tue Dec 9, 2025, 01:04 AM Tuesday

Trump bailing out farmers with a New Deal era safety net. [View all]

The Commodity Credit Corporation is the entity which has standing authority to borrow funds from the U.S. Treasury to supplement the income of farmers who experience negative cash flow.

It was first organized as a Delaware corporation pursuant to an executive order by FDR and was later federally rechartered by Congress during the Truman Administration.

So Trump is attempting to salvage his popularity with farmers by utilitizing tools established by progressive Democrats.

That's pretty ironic, and I think a helluva lot of noise ought to be made about it.

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