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President, Business Groups Defend
Money-Losing Export-Import Bank

American Thinker, by Steve Stanek

Original Article

Posted By:SpeedMaster, 7/31/2014 9:01:40 AM

Rarely do some of the nation’s most powerful politicians and businesspeople laud banks that report big profits when in fact they have lost billions of dollars. But we’re witnessing this spectacle on behalf of the Export-Import Bank of the United States, which for many decades, and for good reason, has been called by its critics “The Bank of Boeing.” Its charter expires September 30, and a battle over its possible extension is brewing between the political establishment and reformers. The Export-Import Bank got its start in 1934. It’s a Great Depression-era relic that has always favored the largest and most politically powerful

Comments:
Just another example of "establish" CoC and dem collusion.

      


Post Reply  

Reply 1 - Posted by: horacer, 7/31/2014 9:13:23 AM     (No. 9947581)

One positive sign from the new majority leader McCarthy is the fact he doesn´t support re-authorization. The House needs to let it die.

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Reply 2 - Posted by: eoddad, 7/31/2014 9:25:03 AM     (No. 9947609)

If General Andrew Jackson was alive today he would March on Washington and hang a bunch of traitors. He understood how banks were screwing the public with the politicians support.

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Reply 3 - Posted by: periwinkel, 7/31/2014 12:05:35 PM     (No. 9947911)

The question must be asked, "Does the US Chamber of Commerce support anything that is GOOD for this country?"

And another: "When did they veer so far to the left off the tracks?"

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