Trump Pledges Government Support For Oil Sector" border="0" alt="" aria-hidden="true" /> A meltdown in oil prices spurred the White House to vow to protect the U.S. energy industry. | Source: Yahoo Finance
The U.S. oil industry, which has powered a large portion of the economy’s recovery since 2008, is suddenly in dire straits.
Following waves of layoffs, the White House finds another sector in crisis. Many energy companies will inevitably need substantial government welfare to stave off bankruptcy.
That’s why Trump vowed to “make funds available” to help this struggling sector stay afloat.
Big oil needs welfare and poor people can't get food stamps.