GOP-led Congress prepared to let Export-Import Bank expire

Associated Press ^ | Jun 24, 2015 11:36 AM EDT | Erica Werner

[Olog-hai]

Congressional Republicans are poised to deal a sharp blow to their traditional allies in the business community by allowing the federal Export-Import Bank to go out of business at the end of the month. But it may only be temporary.

The 81-year-old bank is a little-known federal agency created during the Depression that makes and guarantees loans to help overseas buyers purchase U.S. products, from airplanes to bridges to baby clothes. Over the past year it’s also become a surprising test of GOP purity, as tea party-backed lawmakers and outside conservative groups have denounced the bank as crony capitalism and vowed to get rid of it, pressuring fellow Republicans to go along. […]

Supporters at the Chamber of Commerce and other business groups disagree, arguing that the agency helps many smaller companies and is necessary to keep U.S. businesses competitive, especially because key foreign competitors like China have generous export credit agencies helping their homegrown industries. …

[Oatka]

Does anybody Honest-to-God believe it will expire?

We are being sold out to Corporate interests almost on a daily basis. Just as with TPA, the Kabuki Theatre will play out, and the GOP-e will fold and laugh all the way to the bank.

[Oatka]

GOP-e to the rescue, I’m sure.
Got no idea what you’re talking about

See post 21.

[Principled]

Oh...I agree then.

My passport is in order.

[LucyT]

.

"We did it again!"

SURPRISE---GUESS WHO ELSE WAS POCKETING BIG-TIME FROM BOEING DEALS?

Clinton Foundation Donors Got Lucrative Weapons Deals From Hillary's State Dept
International Business Times ^ | May 26, 2015 | By David Sirota / FR Posted by Oldeconomybuyer

Even by the standards of arms deals between the United States and Saudi Arabia, this one was enormous.

Under then Sec-of State Clinton, the State Department approved $165 billion worth of commercial arms sales to 20 nations whose governments have given money to the Clinton Foundation, according to an IBTimes analysis of State Department and foundation data.

Check out article and # 13.

Thanks, Liz.

[SunkenCiv]

Thanks Liz.

[Oatka]

Oh...I agree then.
My passport is in order.

No passport needed, just a seat assignment on the train to the re-education camp.

[PGalt]

Thanks for posting. More…

http://www.nytimes.com/2015/04/07/business/boeing-delta-air-lines-export-import-bank.html?_r=0

Total credit outstanding went from $51.42 billion in 2007 to about $134 billion today.(p.1) Boeing’s 40%…(p.2)...

http://www.forbes.com/sites/dougbandow/2014/05/05/close-the-export-import-bank-cut-federal-liabilities-kill-corporate-welfare-promote-free-trade/2/