Posted on 07/18/2015 5:06:59 PM PDT by TurboZamboni
ouse Republican leaders succeeded last month in their quest to shut down a federal agency that helps U.S. companies sell their goods overseas, but a majority in Congress may soon have the last word..
A path to reviving the Export-Import Bank has emerged in Congress, and the agency, which has the strong backing of business groups, could be providing assistance again within weeks.
Senate Majority Leader Mitch McConnell (R-Ky.) said he would allow bank advocates to include a five-year reauthorization of the agency on a highway funding bill that must pass by the end of the month.
And there's enough support from Democrats and Republicans that such an amendment would pass, even if a leading conservative, Sen. Ted Cruz (R-Texas), mounts a promised filibuster.
lRelated
Export-Import Bank's cloudy future raises worries of job losses
Export-Import Bank's cloudy future raises worries of job losses
"The longer we wait on Ex-Im reauthorization, the further American manufacturers fall behind the eight ball in the global economy," said Linda Dempsey, vice president for international economic affairs at the National Assn. of Manufacturers.
The Obama administration and majorities in the Senate and House want to keep the bank operating, noting that dozens of other countries have similar agencies helping their companies compete against U.S. firms.
(Excerpt) Read more at latimes.com ...
Boeing needs this.
Another perfect example of why politicians, especially senators, are less popular than the herpes virus.
If they can’t get what they want openly and honestly they don’t hesitate one second to resort to whatever underhanded, low, slimy, scuzz-ball method it takes to get it.
Bury the Ex-Im Bank and privatize the highways too.
The Charlotte 1.5 mile $37 million trolley is an example of why the highway trust fund is broke.
The Ex-Im bank helps businesses with connections, but that is not the proper role of government. We need to let it die.
Then we need to kill Department of Education, Health and Human Services, and EPA. We have far more government than we need, and the fact that they are (sometimes) doing a good or at least generous deed does not justify taking other people’s money to do it.
How messed up is it, that I see more back and forth, hither and thither on this website when Donald Trump farts, than when something of real magnitude pops up ?
Mitch McConnell, a weasel, revives the dead ex-import bank as he must please his crony capitalism masters.
Boeing wants this... but I believe they are big enough to see real bankers on their own without the taxpayers holding their hand (and shoveling dollars into their bottom line).
Makes sense-leave the scummy work to the professional scumbags.
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