Stupid! Stupid! Stupid!
Of all the things they cut. They cut something that actually made money and returned cash to the Treasury, and that was helping our exporters as well.
I think China paid for this so that China’s aerospace and heavy machinery industies could finish off our American industries.
No doubt there are a few American manufacturers that benefited from Ex-Im Bank. They can go to a private bank if they need financing like anyone else.
“Stupid! Stupid! Stupid!
Of all the things they cut. They cut something that actually made money and returned cash to the Treasury, and that was helping our exporters as well.
I think China paid for this so that China’s aerospace and heavy machinery industies could finish off our American industries.”, Spoken like a TRUE “Crony Capitalist”. Bet You voted for Corker AND Alexander too.
Spoken like someone who feels it’s not enough for the welfare leeches to suck at the taxpayer’s teat but also thinks corporations should get their cut.
As opposed to the average American investor/taxpayer.
Ex-Im was nothing more than crony capitalist, government insider, corporate welfare, more properly named Fascism. There is no free market, capitalist, or calculated risk for return involved, and it is not tallied on the Producer side of the balance sheet.
Of all the things they cut. They cut something that actually made money and returned cash to the Treasury, and that was helping our exporters as well.
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Well that depends on who is doing the analysis. The CBO says the bank is a money loser and also raises the prices of goods. And that makes sense because subsidies always raise prices.
https://en.wikipedia.org/wiki/Export-Import_Bank_of_the_United_States#Criticism
Smart smart smart. All they did was stop giving money to private corporations. Being an exporter does not make it special.