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pampango

(24,692 posts)

4. Another FDR creation bites the dust. The tea party reps killed the Ex-Im Bank in Congress.

Wed Sep 23, 2015, 02:51 PM

Sep 2015

I doubt they care about the repercussions. They thrive on 'cut the government'; not on 'what happens after you cut government'.

House Dems bullish on Export-Import Bank

House Democrats say they’re confident lawmakers will reauthorize the federally backed Export-Import Bank — they just don't know when.

Conservatives have vehemently opposed the bank, whose charter formally lapsed June 30. They argue that it uses taxpayer funds to finance politically connected corporations like Boeing and General Electric, the latter of which announced earlier this month it would move nearly 500 U.S. jobs overseas as a result of Ex-Im's charter lapsing.

Democrats and moderate Republicans are adamant they have the votes to reauthorize the bank, which they say sustains millions of U.S. jobs by helping to finance projects the private sector wouldn’t otherwise enter.

Rep. Maxine Waters (D-Calif.), the top Democrat on the House Financial Services Committee, said that Ex-Im supporters have enough votes. She criticized conservatives for attempting to block such a vote.

http://thehill.com/policy/finance/254514-house-dems-bullish-on-ex-im

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welfare queen GE Ships Hundreds of Jobs Overseas, Blames Lack of Corporate Welfare [View all] saturnsring Sep 2015 OP

Capitalism is entirely and completely unworkable randys1 Sep 2015 #1

for the 99% yes it's trainwreck saturnsring Sep 2015 #3

Watch for major push to Wellstone ruled Sep 2015 #2

Another FDR creation bites the dust. The tea party reps killed the Ex-Im Bank in Congress. pampango Sep 2015 #4

Exactly right. OilemFirchen Sep 2015 #20

Boycott GE products deny them your money because that is what they want YabaDabaNoDinoNo Sep 2015 #5

is this possible anymore with ge's nasty fingers in so many things saturnsring Sep 2015 #6

Yes GE does not own all the consumer products in the USA YabaDabaNoDinoNo Sep 2015 #7

Home appliances are small potatoes to GE 1939 Sep 2015 #11

That is true but can can still and should boycott their consumer products YabaDabaNoDinoNo Sep 2015 #12

GE is selling it's appliance business dumbcat Sep 2015 #19

Then don't boycott them or anyone else do nothing instead YabaDabaNoDinoNo Sep 2015 #22

I'd like to boycott their nuclear reactors, but alas... nt Mnemosyne Sep 2015 #8

Well if ya got the coin to buy a nuclear reactor you will have a number of manufactures to choose YabaDabaNoDinoNo Sep 2015 #9

The nukists need strung up by their toes, for slowly killing the planet for greed. nt Mnemosyne Sep 2015 #23

Looks like we need to preserve the status quo. Enthusiast Sep 2015 #10

Nice. A key piece of the New Deal being decried as "welfare" on DU Recursion Sep 2015 #13

I see you noticed that, too....... WillowTree Sep 2015 #14

how dare i be upset that ge isnt paying taxes like they should saturnsring Sep 2015 #15

Huh? Ex-Im lends to businesses that export and can't get competitive rates in the host country Recursion Sep 2015 #16

from the article saturnsring Sep 2015 #17

We are all upset about that. Killing a part of the New Deal is not the way to deal with pampango Sep 2015 #18

im not for killing the ex-im saturnsring Sep 2015 #21

I need a new fridge. It won't be GE. Vinca Sep 2015 #24