Tuesday, May 15, 2012

ExImBank and TXT

The taxpayer-funded pro-ExImBank self-serving PR juggernaut rolls on, this time announcing taxpayer backed loans to TXT, the maker of small airplanes and helicopters.

As opposed to NAV, the other ExImBank poster child, TXT seems to be a moderately well run company.  Nonetheless the stock price is less than half of what it was a few years ago, and insiders are unloading stock.  But just like NAV, TXT pays to play.  Here is the summary of contributions to politicians who make possible EXIMBank taxpayer support to Textron.  Raw.

How about companies who are backed by ExImBank have their insider transactions impounded until the taxpayers are off the hook for the loans?  Naw, the game in Capitalism is to take the profits and socialize the losses.

How about no ExImBank funding at all so companies are either well run or go out of business, allowing better run companies, like Cirrus, to grow by hiring and better managing the talent made unemployed from a failed Textron?  How come nobody in government or big business believes in America?

Stand up for America!  Get rid of the ExImbank now.

Feel free to forward this by email to three of your friends.


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