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flutastoday at 2:46 PM2 repliesview on HN

> But the Trump administration really shot themselves in the foot by loudly championing it as a bailout for big oil.

For all I hate about him and his admin, the trump admin didn't call it a "bailout" once that I can find (even with the help of AI). The only quotes I can find are Chuck Schumer / Democrats calling it that and no direct quote of Trump saying it. In fact this is what I can find:

> On March 13, 2020, Trump described it as purchasing crude oil “at a very good price.” He said filling the reserve would save taxpayers money while also “helping our oil industry.”

> On April 3, a reporter directly asked Trump whether oil executives had requested a bailout. Trump answered: “No, they didn’t ask for a bailout. No.”

> The “bailout for big oil” wording came from Chuck Schumer and Senate Democrats, not Trump. Schumer’s official March 25 press release claimed that the final CARES Act had: “Eliminated $3 billion bailout for big oil.”

Would love to be proven wrong here.

> Trump didn't care about the reserve, he cared about the oil industry.

Does that even make a difference?

Either way it's filling the reserve for instances exactly like this, and was blocked by politicians to try and "win" for their party at the expense of every US citizen.


Replies

wasabi991011today at 2:56 PM

> He said filling the reserve would save taxpayers money while also “helping our oil industry.”

Didn't use the word "bailout", of course, but imo the meaning is pretty similar

show 1 reply
khrisstoday at 2:50 PM

> Does that even make a difference?

Yes, intent matters. As an example, Trump and Republicans spent all of Biden's term complaining about the direct relief provided to the common people.