president having alienated mention, canada, and europe. you re probably planning for opening up your mailbox and finding a bailout check from the federal government. that s right. you re on the welfare, my friend. as columbus dispatch reported this week. it s unclear whether aid for farmers will continue in 2020. experts said more farmers are becoming financially dependent on the subsidies. that affects how they decide to plant crops. farmers in ohio were generally better off not planting this year than receiving trump bucks for crops they planted. trump bucks officially known as market facilitation payments began in 2018. as a way to offset farmers financial shortfall. and where trump is going? the state getting the biggest bayout is illinois at $2.6 billion. followed by iowa at $2.3 billion. most of the aid has gone to soybean farmers the hardest hit
incoming president. and mitt romney, the son of michigan and the auto industry was having none of it. let detroit go bankrupt, he said, and don t get the lovett seal their fate with a bailout check. at that time, that seemed like sort of a courageous political stance. wow, mitt romney is so anti-bailout, he is willing to kill the whole american auto industry. that takes a certain kind of courage, right? because if that bailout works. if it it happens and it works, it will be really hard to run for anything ever again once you become the don t bail them out guy. there s no question, but if you just write a check that you re going to see these companies go out of business, ultimately. bailouts of enterprises that are in trouble, that s not the right way to go. and i know president bush started it with the auto industry. i thought it was a mistake.
sidelines, by saying what a hypothetical president romney would do if he were in the white house at that moment. it was in that context that mr. romney, the former governor of massachusetts, made his now really, really famous argument for what the nation should do about the auto industry when it was at its worst. his advice was, let detroit go bankrupt. at the time mr. romney wrote this, his republican party had already lost the white house to democrat barack obama. the outgoing president bush was about a month away from invest billions in chrysler and gm in consultation with that new incoming president. and mitt romney, the son of michigan and the auto industry was having none of it. let detroit go bankrupt, he said, and don t get the lovett seal their fate with a bailout check. at that time, that seemed like sort of a courageous political stance. wow, mitt romney is so anti-bailout, he is willing to kill the whole american auto industry. that takes a certain kind of courage, right?
tom hanks and former white house chief of staff encourage mayor rahm emanuel. many want to do what mitt romney did, let it go? can t be saved. can t put good money after bad. romney never writes the detroit can t be saved like emanuel says. he said a turnaround not a check and a managed bankruptcy may be the only path to fund am tal restructuring the industry needs. it would permit the companies to shed excess labor, pension and real estate costs and in a managed bankruptcy he writes the federal government would compel newly competitive and viable auto makers rather than seal their fate with a bailout check. the road we traveled is about the president s first term so far from the president s perspective. it s on youtube right now.