Quote:
Originally Posted by
Judy
Obviously, Ted Cruz cares even less. So where does that put you?
Boeing, GE and many others didn't want to leave, they waited through the summer to see if Congress would re-authorize the Ex Im Bank but it didn't. It's still working on it, but not in time to save Boeing, GE and several others who have already announced.
Like I've said before, your letting your support for Trump cloud your judgement. Cruz did the right thing by fighting the renewal of the Ex-Im Bank. I find it a little dismaying that you would take the side of greedy corporations who insist on having their operations subsidized in this manner.
Quote:
It is not surprising that Boeing, GE, and Caterpillar, among others, would be doing everything in their considerable political powers to win reauthorization of the Ex–Im charter. Subsidized financing is an attractive perk to offer their customers. But those subsidies carry considerable costs—to taxpayers and the American businesses that are left to compete against foreign firms subsidized by the U.S. government. Given the vast resources of Ex–Im’s beneficiaries and the abundant supply of private export financing, there is no need to lament the expiration of the bank charter. Given the unbridled expansion of government, eliminating Washington’s interference in this corner of the economy is something to applaud.