Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHillary Clinton Says GOP Hopefuls Are Afraid to ‘Stand Up to the Tea Party and Talk Radio’
http://www.bloomberg.com/politics/articles/2015-05-22/hillary-clinton-says-gop-hopefuls-are-afraid-to-stand-up-to-the-tea-party-and-talk-radio-Hillary Clinton chided congressional Republicans and presidential hopefuls for their opposition to Export-Import Bank, saying Friday that their priorities are "absolutely backwards" when it comes to helping Americans workers and businesses.
"It is wrong that Republicans in Congress are trying to cut off this vital lifeline for small businesses," the former secretary of state and Democratic presidential candidate said at Smuttynose Brewery in Hampton, N.H.
"It seems as though they would rather threaten the livelihoods" of the estimated 164,000 workers whose jobs are supported by the bank "than stand up to the Tea Party and talk radio," she said.
-----snip-------
The Export-Import Bank guarantees loans for American businesses involved in exporting products. Its authorization expires June 30, and some Republicans have voiced strong opposition to keeping the agency alive. The Chamber of Commerce and other establishment groups continue to support the bank, but conservative groups such as Americans for Prosperity and the Club for Growth want to see it dismantled.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
7 replies, 764 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (11)
ReplyReply to this post
7 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Hillary Clinton Says GOP Hopefuls Are Afraid to ‘Stand Up to the Tea Party and Talk Radio’ (Original Post)
OKNancy
May 2015
OP
And some Hopefuls are afraid to stand up to their Wall Street Banksta friends.
Baitball Blogger
May 2015
#5
BeyondGeography
(39,388 posts)1. Lovely...Stick with that angle all the way until next November
riversedge
(70,362 posts)7. nov of 2016
NYC_SKP
(68,644 posts)2. Maybe the Export-Import Bank ain't all it's cracked up to be. Hmmmm...
When I want to know the progressive position to take, I use the Google to look for Warren or Sanders statements on a given thing.
Sanders crafted bipartisan legislation to reform Ex-Im to better protect manufacturing workers, but the bills markup got canceled at the last minute. My suspicion is that the moneyed interests who like the Export-Import Bank as it is right now sent down the word from the top that that markup never take place, he told his House colleagues.
Back then, liberals highlighted how Enron, the failed energy giant, benefited from $675 million in Ex-Im loans. In 2002, Sanders also pointed out that Ex-Im gave an $18 million loan to a Chinese steel mill, which was later on accused of dumping steel into U.S. markets and hurting U.S. workers. And it was common just a decade or so ago for lefties to call Ex-Im the Bank of Boeing, because close to 60 percent of all Ex-Im loans facilitated their aircraft sales. Sanders in particular pointed out that Ex-Im aid for a Boeing sale to the Chinese military ended up displacing workers, as some manufacturing for the aircraft moved from Wichita to China. The Export-Import Bank is helping General Electric ship jobs to Mexico helping AT&T ship jobs to China. And on and on it goes, Sanders concluded.
http://www.salon.com/2014/06/25/wingnuts_and_liberals_bizarre_role_reversal_why_export_import_bank_politics_are_so_perverse/
Back then, liberals highlighted how Enron, the failed energy giant, benefited from $675 million in Ex-Im loans. In 2002, Sanders also pointed out that Ex-Im gave an $18 million loan to a Chinese steel mill, which was later on accused of dumping steel into U.S. markets and hurting U.S. workers. And it was common just a decade or so ago for lefties to call Ex-Im the Bank of Boeing, because close to 60 percent of all Ex-Im loans facilitated their aircraft sales. Sanders in particular pointed out that Ex-Im aid for a Boeing sale to the Chinese military ended up displacing workers, as some manufacturing for the aircraft moved from Wichita to China. The Export-Import Bank is helping General Electric ship jobs to Mexico helping AT&T ship jobs to China. And on and on it goes, Sanders concluded.
http://www.salon.com/2014/06/25/wingnuts_and_liberals_bizarre_role_reversal_why_export_import_bank_politics_are_so_perverse/
This years Ex-Im Bank reauthorization is gearing up to be an even bigger fight. House Speaker John Boehner and House Minority Leader Nancy Pelosi have both been vocal in their support for the Bank. So have Ex-Im Banks largest beneficiaries and business interests like the U.S. Chamber of Commerce and National Manufacturers Association.
Against the Bank stand upstart politicians from both parties, including Rep. Justin Amash (R-Mich.) and Sens. Mike Lee (R-UT), Elizabeth Warren (D-Mass.), and Bernie Sanders (I-Vt.). Sanders, an independent, caucuses with the Democrats.
https://cei.org/content/ten-reasons-abolish-export-import-bank
Against the Bank stand upstart politicians from both parties, including Rep. Justin Amash (R-Mich.) and Sens. Mike Lee (R-UT), Elizabeth Warren (D-Mass.), and Bernie Sanders (I-Vt.). Sanders, an independent, caucuses with the Democrats.
https://cei.org/content/ten-reasons-abolish-export-import-bank
JaneyVee
(19,877 posts)6. So we'll mark you down as a no to helping small business.
Another winning position. Demonize the rich, no help for small businesses, but we want them to pay higher wages.
yallerdawg
(16,104 posts)3. Getting a vote on Ex/Im Bank was key to big vote on TPA Thursday.
Democrats fought with Republicans on the Senate floor to get a commitment of Ex/Im bill vote in June, in exchange for supporting the TPA 60-vote threshold.
That's a measure of how important this issue is.
Iliyah
(25,111 posts)4. Rile them up to a fever pitch because the hate is strong with the GOP
Eff with them from all sides! Go Hillary!
Baitball Blogger
(46,770 posts)5. And some Hopefuls are afraid to stand up to their Wall Street Banksta friends.
Social addictions that are reinforced by money are the hardest to break.
And if Hillary is the best that the Democrats can field for 2016, I will vote for her because she will be a better option than the other side fields.