Republicans: Just Say No to Crony Capitailist Export Import Bank

  1. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Republicans: Just Say No to Crony Capitailist Export Import Bank

    Democrats are the Party of Government, they will never stop increasing spending , and expanding the bureaucratuc Nanny State, it is the raison d'etre of their existence. The only hope for fiscal sanity is Republicans...


    RCP:


    "Why in the world would Congress want to reauthorize the Export-Import Bank? Known as "Bank of Boeing," Ex-Im is the perfect example of corporate welfare, crony capitalism, fraud and corruption.


    Get rid of it. It's a government-sponsored menace that actually damages American business competitiveness and reduces jobs at home. Voting against Ex-Im should be a no-brainer. 
    For those who may not be following this story, Ex-Im is a government-run bank that finances foreign competition with the use of loans and loan guarantees to buy American goods. For example, in fiscal year 2013, Ex-Im backed a $117.5 million loan guarantee to support Boeing 737 purchases by Dubai.


    And with our economy growing at a snail's pace, why should taxpayers subsidize Boeing? I don't want to knock Boeing. It's a great company. The best airplane maker in the world. In addition to Dubai, it sells planes to China, India and other nations worldwide. But it does not need corporate welfare.


    Actually, 60 percent of Ex-Im money goes to 10 mega-corporations. Boeing is the best example. But down through the years, Ex-Im cash has flowed to the likes of General Electric, Caterpillar and Bechtel. Less than 20 percent goes to smaller businesses. But they're actually not that small. The Ex-Im definition of a small business is 500 to 1,500 workers.


    And the Ex-Im subsidies to foreign competitors often backfire and damage U.S. companies. For several years now, Delta has publically argued that Ex-Im loans have given foreign airlines a competitive advantage over U.S. carriers. Delta's CEO has suggested that subsidizing foreign state-owned airlines may have cost Delta as many as 2,500 domestic jobs.


    The Ex-Im bank boasts that it's a job-creator. But in fact, it's a job re-allocator. By definition, Ex-Im doesn't loan to new businesses. But it's the new businesses that actually create new jobs.


    The Valero energy refining company offers another example of Ex-Im foreign largesse gone wrong. Valero recently complained to Jeb Hensarling, the Republican chairman of the House Financial Services Committee who opposes Ex-Im, that a $641 million Ex-Im loan to a Turkish refinery builder jeopardizes American refinery manufacturers. Again, costing U.S. jobs. Why help the competition?


    Now, I'm all for free-market competition on a global scale. But I am not for picking winners and losers, especially when putting taxpayers on the hook. No government meddling.


    If it's profitable to build airplanes or refiners, or whatever, fine. Go ahead and do it. That's capitalism at its best. But when the government doles out favors, that's crony capitalism -- something to be devoutly avoided.
    Again, ironically, the roughly $140 billion Ex-Im portfolio could be redirected to major U.S. corporate tax cuts, maybe dropping the rate from 40 percent to 20 percent. That would make all American companies, both large and small, truly competitive around the world. And small S-Corps also could make use of the tax-reform incentive. (Someday I'd like to see the entire corporate tax abolished.)


    Then there's the issue of widespread fraud, corruption and bribery inside Ex-Im. The Wall Street Journal broke the story that Ex-Im suspended or removed four officials because of gifts, kickbacks and cash-payment bribes. And the Heritage Foundation reports that there have been at least 74 cases since April 2009 in which Ex-Im officials were forced to act on the basis of "integrity" investigations by the Office of the Inspector General, with many of these cases referred to the Department of Justice.


    Are we shocked when an exponentially growing government agency becomes rife with corruption? Many analysts assert that Ex-Im uses virtually no risk-management practices when assessing its loans. Does this sound familiar? Fannie Mae? Freddie Mac?


    The good news is that the new GOP House majority leader, Kevin McCarthy, and the new whip, Steve Scalise, are opposed to reauthorizing Ex-Im. Of course, gigantic business lobbyists like the Chamber of Commerce and the National Association of Manufacturers are working hard for Ex-Im, and even want to raise its loan caps. But if the Republican Party truly wants to change its image of bailing out big banks and businesses, now is the time.


    Just say 'no' to Ex-Im. The whole country will take notice. 



    Read more: http://www.realclearpolitics.com/articles/2014/06/28/republicans_just_say_no_to_ex-im_123142.html#ixzz35wpxkPXN
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  2. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    The Government Corporation Control Act of 1945 requires the Export-Import Bank Bank to be reauthorized by Congress every four to five years.

    Reauthorizations were approved in 1947, 1951, 1957, 1963, 1968, 1971, 1974, 1978, 1983, 1986, 1992, 1997, 2002, 2006, and 2012.

    The Export-Import Bank is self-funded by its own fees and has generated income for the Treasury since 1992, including $1 billion in FY 2013.

    Taxpayers will continue to see these returns, and U.S. companies, including thousands of small businesses, will continue to benefit from its financing—if and only if the bank's charter is reauthorized.

    "If it's working fine, then destroy it" - GOP 2014.

     
  3. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to UserName9's comment:
    [QUOTE]

    The Government Corporation Control Act of 1945 requires the Export-Import Bank Bank to be reauthorized by Congress every four to five years.

    Reauthorizations were approved in 1947, 1951, 1957, 1963, 1968, 1971, 1974, 1978, 1983, 1986, 1992, 1997, 2002, 2006, and 2012.

    The Export-Import Bank is self-funded by its own fees and has generated income for the Treasury since 1992, including $1 billion in FY 2013.

    Taxpayers will continue to see these returns, and U.S. companies, including thousands of small businesses, will continue to benefit from its financing—if and only if the bank's charter is reauthorized.

    "If it's working fine, then destroy it" - GOP 2014.

    [/QUOTE]

    "The Nearest Thing To Eternal Life We Will Ever See On This Earth Is A Government Program"-- Ronald Reagan

    The ExIm is one of many dinosaur Government agencies that exist, solely to perpetuate itself. Government has an atrocious record of picking winners and losers in the marketplace....

     Proponents of the Ex-Im Bank point to the fact that it is largely self-funded, and poses little risk to the taxpayer. However, this is only true if its investments are sound. By investing in high-risk projects and businesses, the Ex-Im Bank takes on the risk of losing a huge amount of capital and falling into massive debt, leaving tax payers to foot the bill, an occurrence that we have already gotten a taste of back in 1987 when the bank received a $3 billion bailout. Currently, the Ex-Im Bank is allowed to borrow up to $140 billion to subsidize American exports.

    The Ex-Im Bank claims that it does not directly compete with private investors in the market place and therefore fills a hole in the market that the private sector leaves open. This logic in itself is flawed, and the intervention of the Ex-Im Bank is magnified due to the fact that it is not a neutral entity. Unlike an irresponsible but fair investing party that goes around supporting across-the-board high-risk projects and losing money on investments, the Ex-Im Bank creates distortions in the market by providing subsidies for hand-picked, risky projects in certain politically favored industries.

    The large scale effects of Ex-Im Bank are minimal and doing very little to help general American economic interests. Rather than subsidizing small start-up businesses, the Ex-Im Bank has transformed into a cash cow for a select group of large businesses. For example, in 2010 a group of ten businesses received more than 92% of the bank’s allotted investments, 44% going to Boeing (with another $12.2 billion being funneled its way through 2012)4. The Ex-Im Bank’s 10% that does get distributed to small, risky businesses has seen the financial returns that are highlighted in the stories of Solyndra and Enron. With this history of fund distributions, it is hard to justify the existence of this federal giant when the majority of its funding goes to huge corporations that privately have the financial ability to push their exports abroad.The Export-Import Bank has no legitimate role to play in the American economy that could not be fulfilled through the private sector. Its influence as an anti-free-market, government tool used to pick winners and losers is not improving American trade but is corporate welfare. It is cherry picking the special interest receivers of funds and is placing tax payers at risk by funneling billions of dollars in projects that have a track record of failure. The Export-Import Bank and its business of corporate welfare needs to be terminated before the risks that it is incurring are directly shifted upon the shoulders of the average American.

     
  4. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    But it makes money.

    What the Im/Exp should be doing is working with smaller companies in new markets.  The bank's charter should state that a percentage of loans should go to new markets.  No reason for the Feds no to help open new markets to growing companies - particularly if it doesn't cost anyting.

    Crony capitalism is when there is a pay to play understanding, like the situation with Charlie Baker and New Jersey.  But there is nothing wrong with the Government doing things to spur economic development - building dams to provide water and power used in economic development, using the navy and coast gaurd to protect shipping lanes.  And on the surface, Dubai using the export import bank to finance purchases from Boeing might appear wrong, but it might be a way for the bank to reduce overall risk.

     
  5. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to DirtyWaterLover's comment:
    [QUOTE]

    But it makes money.

    What the Im/Exp should be doing is working with smaller companies in new markets.  The bank's charter should state that a percentage of loans should go to new markets.  No reason for the Feds no to help open new markets to growing companies - particularly if it doesn't cost anyting.

    Crony capitalism is when there is a pay to play understanding, like the situation with Charlie Baker and New Jersey.  But there is nothing wrong with the Government doing things to spur economic development - building dams to provide water and power used in economic development, using the navy and coast gaurd to protect shipping lanes.  And on the surface, Dubai using the export import bank to finance purchases from Boeing might appear wrong, but it might be a way for the bank to reduce overall risk.

    [/QUOTE]

    Cocaine makes money.  Are you all for the government legalizing cocaine use?

    now, I haven't made a study of this issue, but making money is a weak argument for a government function.

     
  6. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to DirtyWaterLover's comment:
    [QUOTE]

    But it makes money.

    What the Im/Exp should be doing is working with smaller companies in new markets.  The bank's charter should state that a percentage of loans should go to new markets.  No reason for the Feds no to help open new markets to growing companies - particularly if it doesn't cost anyting.

    Crony capitalism is when there is a pay to play understanding, like the situation with Charlie Baker and New Jersey.  But there is nothing wrong with the Government doing things to spur economic development - building dams to provide water and power used in economic development, using the navy and coast gaurd to protect shipping lanes.  And on the surface, Dubai using the export import bank to finance purchases from Boeing might appear wrong, but it might be a way for the bank to reduce overall risk.

    [/QUOTE]


    "It doesnt cost anything".

    Classic line from a Statist, reflecting total cluelessness and infantile belief in Government's infallibility.

    If your friend asks you to lend him $50,000 on a risky business venture, you can say, "sure, it doesnt cost anything.!!"

     
  7. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to ComingLiberalCrackup's comment:


    In response to DirtyWaterLover's comment:
    [QUOTE]


    But it makes money.


    What the Im/Exp should be doing is working with smaller companies in new markets.  The bank's charter should state that a percentage of loans should go to new markets.  No reason for the Feds no to help open new markets to growing companies - particularly if it doesn't cost anyting.


    Crony capitalism is when there is a pay to play understanding, like the situation with Charlie Baker and New Jersey.  But there is nothing wrong with the Government doing things to spur economic development - building dams to provide water and power used in economic development, using the navy and coast gaurd to protect shipping lanes.  And on the surface, Dubai using the export import bank to finance purchases from Boeing might appear wrong, but it might be a way for the bank to reduce overall risk.





    "It doesnt cost anything".


    Classic line from a Statist, reflecting total cluelessness and infantile belief in Government's infallibility.


    If your friend asks you to lend him $50,000 on a risky business venture, you can say, "sure, it doesnt cost anything.!!"


    [/QUOTE]

    Dubai buying jets from Boeing is risky?  Dude, you're all over the place here.  "They're doing risky loans.  They're lending to big corporations and wealthy countries".  Pick an argument.

     
  8. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to DirtyWaterLover's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:

     


    In response to DirtyWaterLover's comment:
    [QUOTE]


    But it makes money.


    What the Im/Exp should be doing is working with smaller companies in new markets.  The bank's charter should state that a percentage of loans should go to new markets.  No reason for the Feds no to help open new markets to growing companies - particularly if it doesn't cost anyting.


    Crony capitalism is when there is a pay to play understanding, like the situation with Charlie Baker and New Jersey.  But there is nothing wrong with the Government doing things to spur economic development - building dams to provide water and power used in economic development, using the navy and coast gaurd to protect shipping lanes.  And on the surface, Dubai using the export import bank to finance purchases from Boeing might appear wrong, but it might be a way for the bank to reduce overall risk.


     




    "It doesnt cost anything".

     

     

    Classic line from a Statist, reflecting total cluelessness and infantile belief in Government's infallibility.

     

    If your friend asks you to lend him $50,000 on a risky business venture, you can say, "sure, it doesnt cost anything.!!"

     

    [/QUOTE]

    Dubai buying jets from Boeing is risky?  Dude, you're all over the place here.  "They're doing risky loans.  They're lending to big corporations and wealthy countries".  Pick an argument.

    [/QUOTE]


    Why are tax dollars used to lend money , then, if the loan isnt risky? The mega-corporation can get a loan, why does its come hat in hand to the taxpayers?

    All the left wing class warfare against evil big corporations and the 1% , is put aside, the worship of Government meddling and intervention in the marketplace trumps all...

     
  9. You have chosen to ignore posts from high-road. Show high-road's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to ComingLiberalCrackup's comment:


    Why are tax dollars used to lend money , then, if the loan isnt risky? The mega-corporation can get a loan, why does its come hat in hand to the taxpayers?


    All the left wing class warfare against evil big corporations and the 1% , is put aside, the worship of Government meddling and intervention in the marketplace trumps all...





    Ummm, could it be that the I/E bank would give better rates to entice these clients to buy 'Merican thus keeping jobs here in the US of A?


    Could it be that the loans provide incentive and funding for projects that benefit US companies?


    Could it be that this is the least intrusive way to level the playing field with other businesses in other countries around the world that get direct aid from their respective gov'ts?


    Or is it better to have the US companies compete globally with one hand tied behind their backs ... just to adhere to your lassiez - faire orthodoxy ... while the rest of the globe ignores such politically correct 'rules'?


     

     
  10. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to high-road's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:


    Why are tax dollars used to lend money , then, if the loan isnt risky? The mega-corporation can get a loan, why does its come hat in hand to the taxpayers?

     


    All the left wing class warfare against evil big corporations and the 1% , is put aside, the worship of Government meddling and intervention in the marketplace trumps all...


     




    Could it be that the loans provide incentive and funding for projects that benefit US companies?

     

    [/QUOTE]

    "US companies"? The same mega-corporations that progressives like you consider evil ,  who supposedly evade taxes and pay their executives huge bonuses, and dont pay their employees a living wage?

    And who hire lobbyists in DC to get special treatment and taxpayer loot , i.e., loans from the ExIm bank?

    You want to give taxpayer bailouts to these billion dollar corporations? Why?

     
  11. You have chosen to ignore posts from high-road. Show high-road's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to ComingLiberalCrackup's comment:


    In response to high-road's comment:
    [QUOTE]


    In response to ComingLiberalCrackup's comment:



    Why are tax dollars used to lend money , then, if the loan isnt risky? The mega-corporation can get a loan, why does its come hat in hand to the taxpayers?


    All the left wing class warfare against evil big corporations and the 1% , is put aside, the worship of Government meddling and intervention in the marketplace trumps all...

    Could it be that the loans provide incentive and funding for projects that benefit US companies?




    "US companies"? The same mega-corporations that progressives like you consider evil ,  who supposedly evade taxes and pay their executives huge bonuses, and dont pay their employees a living wage?


    And who hire lobbyists in DC to get special treatment and taxpayer loot , i.e., loans from the ExIm bank?


    You want to give taxpayer bailouts to these billion dollar corporations? Why?


    [/QUOTE]


    There's this thing called reality where the rest of the world exists ... outside of your realm of political ideology and orthodoxy.


    I noticed you couldn't argue my post in it's entirety so you decided to take a snippet and try and twist it into something I neither said nor implied.


    Despite your attempts to drag the goalposts off to another field to play with yourself ... the premise remains;


    Do you expect US companies to compete in a global market with one hand tied behind their backs?


    Is the E/I bank the least intrusive way to try and level that playing field? If not, then what is?


    This may come as a shock but the rest of the world doesn't adhere to your Randian views. It's about time you started basing your posts on facts rather than some dystopian novel written by a closet socialist.

     
  12. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

     


    In 2012, 82% of ExIm loans went to Boeing.


    This is corporate welfare, period. Supposedly US companies "cant compete" without Government loans?


    The trade practices of other nations is no reason for corporate welfare in the US. 


    A dinosaur agency , in existence for decades, full of bureaucrats in bed with corporations....ripe for corruption.


    But the left will always make up excuses to keep the stale  bureaucracy in place, and expand Government....


     

     
  13. You have chosen to ignore posts from high-road. Show high-road's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to ComingLiberalCrackup's comment:



    In 2012, 82% of ExIm loans went to Boeing.


    This is corporate welfare, period.



    No, 82% of the E/I loans went to customers purchasing Boeing products...and Boeing products are produced through collaboration with dozens of small business manufacters who supply the various components for the final products.


    In 2010, Brazil and China provided 10 times more export assistance as a share of GDP than the U.S. The Ex-Im Bank is needed to level the playing field for manufacturers in the U.S. and, most importantly, to create jobs. --- National Association of Manufacturers (NAM) President and CEO Jay Timmons


     


     


    The US can either adapt to global markets or adhere to your political orthodoxy and lose more jobs.


    Which is the prudent course of action?

     
  14. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to WhatNowDoYouWant's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:

     


    In 2012, 82% of ExIm loans went to Boeing.


    This is corporate welfare, period.


     

     

     

     

     

     

     

    Welfare recipients usually aren't expected to pay back the money they get from the government.

    [/QUOTE]


    No real difference , in that the Government is handing out taxpayers money...

    Why should Boeing get a loan from the taxpayers? There is always risk of not being paid back...there is always a cost to the taxpayers.

     

     

     
  15. You have chosen to ignore posts from high-road. Show high-road's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to ComingLiberalCrackup's comment:




    In 2012, 82% of ExIm loans went to Boeing.

    This is corporate welfare, period. Supposedly US companies "cant compete" without Government loans?


    The trade practices of other nations is no reason for corporate welfare in the US. 

    A dinosaur agency , in existence for decades, full of bureaucrats in bed with corporations....ripe for corruption.


    But the left will always make up excuses to keep the stale  bureaucracy in place, and expand Government....



    As an analogy:


    If the soccer rules were changed and allowed for players to use their hands, or pick up the ball and run with it ... would you continue to be a purist and insist that US players not use their hands and lose very match?


    Don't look now but your the dinasaur, arguing abstract political purity over market reality.


    Time to take off your ideological glasses and deal with the world as it is, not as you wish it was.

     
  16. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to high-road's comment:


    In response to ComingLiberalCrackup's comment:





     



    In 2012, 82% of ExIm loans went to Boeing.


    This is corporate welfare, period.


     



    No, 82% of the E/I loans went to customers purchasing Boeing products...and Boeing products are produced through collaboration with dozens of small business manufacters who supply the various components for the final products.


     


    In 2010, Brazil and China provided 10 times more export assistance as a share of GDP than the U.S. The Ex-Im Bank is needed to level the playing field for manufacturers in the U.S. and, most importantly, to create jobs. --- National Association of Manufacturers (NAM) President and CEO Jay Timmons



    "level the playing field"...really means stupidly throw away the American advantage of the free market, go to a system of state subsidies and statism...

    China is a Communist country...and you idiotically want to mirror the Communist system of state control of the private economy, which always fails...


    Big business wants Government subsidies...and the class warfarers who screech about 'lobbyists' and 'corporate greed' are all for it...again,  the brain dead belief that Government intervention is always a good thing trumps all... 

     
  17. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to high-road's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:



     


    In 2012, 82% of ExIm loans went to Boeing.

    This is corporate welfare, period. Supposedly US companies "cant compete" without Government loans?


    The trade practices of other nations is no reason for corporate welfare in the US. 

    A dinosaur agency , in existence for decades, full of bureaucrats in bed with corporations....ripe for corruption.


    But the left will always make up excuses to keep the stale  bureaucracy in place, and expand Government....

     

     



    As an analogy:

     

    If the soccer rules were changed and allowed for players to use their hands, or pick up the ball and run with it ... would you continue to be a purist and insist that US players not use their hands and lose very match?

     

    Don't look now but your the dinasaur, arguing abstract political purity over market reality.

     

    Time to take off your ideological glasses and deal with the world as it is, not as you wish it was.

    [/QUOTE]

    "The world as it is"...the truth is, ExIm Bank is a dinosaur, a corrupt Government agency ripe for destruction...

     
  18. You have chosen to ignore posts from high-road. Show high-road's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

    In response to high-road's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:



     


    In 2012, 82% of ExIm loans went to Boeing.

    This is corporate welfare, period.

     


    No, 82% of the E/I loans went to customers purchasing Boeing products...and Boeing products are produced through collaboration with dozens of small business manufacters who supply the various components for the final products.

     

    In 2010, Brazil and China provided 10 times more export assistance as a share of GDP than the U.S. The Ex-Im Bank is needed to level the playing field for manufacturers in the U.S. and, most importantly, to create jobs. --- National Association of Manufacturers (NAM) President and CEO Jay Timmons

    [/QUOTE]

    China is a Communist country...and you idiotically want to mirror the Communist system of state control of the private economy, which always fails...

    Big business wants Government subsidies...and the class warfarers who screech about 'lobbyists' and 'corporate greed' are all for it...again,  the brain dead belief that Government intervention is always a good thing trumps all... 

    [/QUOTE]


    Stop with your ideological ignorance!

    The world isn't the way you wish it were ... it is the way it is ... and no amount of caterwauling about how unfair it all is will change that.

    And stop being a freaking coward and address the real arguments:

    Do you want US companies to compete at a very real and distinct disadvantage just to suit your political orthodoxy? Yes or No?

    Do you admit the the US doesn't control world markets and so they have to compete in these markets as they are ... not as you wish they were in your ideological bubble?

     
  19. You have chosen to ignore posts from high-road. Show high-road's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    In response to ComingLiberalCrackup's comment:


    In response to high-road's comment:


    In response to ComingLiberalCrackup's comment:


    In 2012, 82% of ExIm loans went to Boeing.


    This is corporate welfare, period. Supposedly US companies "cant compete" without Government loans?

    The trade practices of other nations is no reason for corporate welfare in the US. 


    A dinosaur agency , in existence for decades, full of bureaucrats in bed with corporations....ripe for corruption.

    But the left will always make up excuses to keep the stale  bureaucracy in place, and expand Government....


    As an analogy:
    If the soccer rules were changed and allowed for players to use their hands, or pick up the ball and run with it ... would you continue to be a purist and insist that US players not use their hands and lose very match?
    Don't look now but your the dinasaur, arguing abstract political purity over market reality.
    Time to take off your ideological glasses and deal with the world as it is, not as you wish it was.

     



    "The world as it is"...the truth is, ExIm Bank is a dinosaur, a corrupt Government agency ripe for destruction...





    So the rest of the world doesn't subsidize their manufacturers?


    If you can't even admit that there is a world outside of your ideological bubble that doesn't conform to your ideology, which is controlled by factors beyond the US control, then once again it's you who is the dinasaur, burying your head in an Ayn Rand fairytale.


    That's the problem with you wingnuts.... you refuse to live in reality.


    When your political ideology runs headlong into the unmoveable wall of reality you refuse to adapt and just keep crying about how unfair the world is while insisting in adherence to an archaic political orthodoxy that no one but you believes in, much less follows.

     
  20. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Republicans: Just Say No to Crony Capitailist Export Import Bank

    Fact: the Ex-Im back supported about $3.7B in exports in FY2013.  (Texas ranked 3rd among states in amount financed, for example.)

    If one thinks the economy can take that kind of hit, then oppose the reauthorization.  If not, then support it.

    As with most domestic economic programs, it's highly subjective to the exporters.

    Personally, I don't really care either way.

     

    "When you're born, you get a ticket to the freak show. When you're born in America, you get a front-row seat."  - GC

     

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