Posted on 07/28/2015 9:36:57 AM PDT by Blue Turtle
Senators voted to revive the Export-Import Bank on Monday, setting themselves on a crash course with their House counterparts. Lawmakers voted 64-29 on attaching a reauthorization of the bank's charter, which expired last month, to a long-term highway bill.
(Excerpt) Read more at thehill.com ...
Same old bullcrap from a brand new shovel....
Where can I find out whether my Republican senator voted to attach that amendment? I’m sure the Democrat one did.
It’s all a shell game.
DC Cartel doesn’t want to give up their kickbacks, er, donations/paybacks. How else do we think they’ve all become millionaires...just from serving in Congress?
Same with Planned Parenthood....there’s a reason they don’t want to defund that, as well. Midge McConnell has the blood of our innocent unborn on his hands...as do ALL others who voted to keep funding PP.
Scarecrow sMudge MaConnell may not have a brain or intestines but does have a greedy heart of lies.
And this was in spite of the best advice offered, that the Ex-Im Bank be defunded.
If it cannot be self-supporting, then it is corporate welfare by another name, and some kind of monument to cronyism. Not even capital cronyism, but just good-old-boy kind of cronyism.
I just sent him an e-mail asking him.
what a surprise.
No difference in McConnell/Boehner and Reid/Pelosi.
John Cornyn services McConnell daily.
Yeah laugh now Mitch, you A-hole, your time is coming.
What a maroon he is.
For more than 80 years, Ex-Im Bank has worked to ensure a level playing field for U.S. exporters in a competitive global marketplace, and filled the gaps when the private sector is unable or unwilling to finance U.S. exports. In FY 2014, Ex-Im supported 164,000 U.S. jobs through $20.5 billion in export finance authorizations.
Ex-Im operates under authority provided by Congress. Sixteen times, bipartisan majorities in Congress have reauthorized Ex-Im Bank. Since Ex-Im’s most recent reauthorization (the Export-Import Bank Reauthorization Act of 2012 (P.L. 112-122)(link is external), the Bank has implemented more than a dozen reforms. In addition, Ex-Im continues to work to meet its Congressional mandates and directives requiring support for small business, environmentally beneficial exports, minority- and woman-owned business exports, and exports to eligible markets in sub-Saharan Africa.
Ex-Im Bank operates at no cost to taxpayers. Ex-Im has been able to accomplish this because, like any bank, Ex-Im charges fees and interest on our loan guarantee, insurance, and direct loan programs, the result being that Ex-Im Bank does not rely on taxpayer resources to sustain operations. As a result, over the past two decades Ex-Im has generated approximately $7 billion in excess revenues for the U.S. Treasury to be used for deficit reduction—making it one of the few government agencies to actually generate a surplus for American taxpayers.
The Office of Congressional and Intergovernmental Affairs (OCIA) is the primary point of contact for Congress and state and local governments at Ex-Im. OCIA informs and educates elected officials and their staff on how Ex-Im Bank supports American jobs through financing exports of U.S. goods and services. In addition, OCIA responds to Congressional concerns, prepares Ex-Im officials for Congressional hearings, and helps elected officials to educate their constituents on Ex-Im financing tools through hosting local events. Please contact us if you need help.
Stupid and ignorant Senators due stupid things.
With the way the GOPe controlled Congress has acted, I consider myself the maroon for having supporting them in the first place. Shame on me.
It is nothing more than a slush fund for political wheelers and dealers and adds greatly to the huge money pot circulating around WDC - get rid of it!!
We tried.
But we had plenty of evidence they didn’t care about average Americans on a daily basis.
And they don’t. Witness Jeb Bush. And his allies at GOPe and DNC.
Relax, it will be shot down in the House.
20.5 billion divided by 164,000 jobs = $125k per job. Is that really a good deal for America? Wouldn’t those same corporations still got loans...I hardly think Boeing is hurting.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.