Letter: President Trump did not turn around America's economy


In his Sept. 2 letter, John Trandem thanks President Trump for "turning around America's economy."

There are two things he should take into account. First, the economy was already turned around. When President Obama took over in 2009, we were in the depths of the Great Recession. The GDP was shrinking at an annual rate of minus 2.8 percent. Eight years later, in the last month of the previous president's term, the GDP was growing at an annual rate of 3.2 percent.

It is one thing to claim credit for a good economy, but it is egregiously dishonest to claim credit for a turn around that happened nearly a decade ago.

Another thing Trandem might do is talk to some farmers who grow soybeans. The current prices are terrible. Adding Trump's trade wars to the problem makes for a disaster. The futures price for soybeans has fallen over the summer from the mid $10 per bushel area to mid $8. In addition, the basis at my local elevator has gone to a minus $1.70, about twice the usual amount.

Yes, the Trump administration is bribing us with a payment. It will be $1.65 per bushel for one-half our production, a long way from solving the problem. Farmers selling soybeans for $6 per bushel may not be spending a lot at Trandem's business.

Linderman lives in Carrington, N.D.