This is how the USA works. Here is an article on the third largest contributor to democratic candidates.
Now there is absolutely nothing illegal going on here. And with that much money involved, doing anything illegal would be silly indeed. What I call problems with the EXIM bank are precisely the stated purpose of the EXIM bank.
Looking at the #2 user, it is almost as though they have followed whatever is hot, something I expressly call a bad idea. They are probably billionaires, I am not.
Check out their home page, with a shot of their humble beginnings, 1933 as commission dealers in rice, sugar, grain. What that picture says to me is "wow, the right place at the right time!"
First, 1933, the height of the depression. The powers that be, having embraced capitalism, necessarily destroyed their economy, and so switched to the Marxist-Leninist line to maintain power. All of the new deal programs were simply socialist programs, the "future that works." This was an era when Adolf Hitler made Time magazine Man of the Year, and cover boy several times. The other leading socialist, Stalin, made it in 1940.
So why is 1933 so significant...?
Especially since the Federal policy is "Get big or get out...." why fight the federal policy and be driven out of business like all those other chumps who refused to go along with federal policy, and ended up in soup lines? I am not being facetious here, extremely few, if anyone, offered the deal, would refuse.
My only objection is that collectively we embraced capitalism, which destroyed the USA economy, and then we allowed the same fools to institute communism in USA (all those alphabet agencies and Get Big or Get Out.)
I suppose it gets down to how you define wealth. Progressives define it as how much free stuff one can have, capitalists define it as how much stuff the rich can buy, but the etymologically correct definition is the range of goods and services a person can buy with their own money (with money properly defined.)
There is a wee bit of irony here. The founder is named Grover Cleveland Connell, no doubt named after the president Grover Cleveland, by Irish parents who at the time like the despised Americans of any other era name their kids after presidents, to approximate belonging.
The irony is Grover Cleveland was the last USA president to veto a congressional spending bill on the grounds it was unconstitutional. The Connells then got into the swim of USA political-economy. Admirable! Erin go Braugh.
Now, let's get rid of the ExIm Bank, before we do any further damage to the world.
Feel free to forward this by email to three of your friends.
Grover Connell and his wife Patricia have thus far contributed$220,000 to Democratic candidates this election cycle. His company, the Connell Company, is the number 2 recipient of Ex-Im Bank insurance, according to a study by the Mercatus Center.Now, to be the second biggest player in the EXIM bank thing quite an achievement, especially for a private company. #1 is Boeing, to give some sense of scale. What amazes me instantly about these articles is how little one needs to contribute in order to be a huge player. Why is our congress so inexpensive?
Now there is absolutely nothing illegal going on here. And with that much money involved, doing anything illegal would be silly indeed. What I call problems with the EXIM bank are precisely the stated purpose of the EXIM bank.
Looking at the #2 user, it is almost as though they have followed whatever is hot, something I expressly call a bad idea. They are probably billionaires, I am not.
Check out their home page, with a shot of their humble beginnings, 1933 as commission dealers in rice, sugar, grain. What that picture says to me is "wow, the right place at the right time!"
First, 1933, the height of the depression. The powers that be, having embraced capitalism, necessarily destroyed their economy, and so switched to the Marxist-Leninist line to maintain power. All of the new deal programs were simply socialist programs, the "future that works." This was an era when Adolf Hitler made Time magazine Man of the Year, and cover boy several times. The other leading socialist, Stalin, made it in 1940.
So why is 1933 so significant...?
President Franklin D. Roosevelt established the Export-Import Bank of Washington by Executive Order on February 2, 1934. Executive Order 6581 created the first Export-Import Bank of Washington to "aid in financing and to facilitate exports and imports and the exchange" of goods between the U.S. and the world during a period of economic distress.A small unknown trader of rice and sugar could make serious money shipping USA goods to policy-driven, famine plagued Soviet Union. It is reliably noted the Soviet Union would have failed without USA credits to support their failed systems, and to this day all sorts of dubious regimes are much assisted by American taxpayer risk and loss.
History: EIBW established under DC charter by EO 6581, February 2, 1934, to assist in financing U.S. trade with the Soviet Union.Now, if during a depression, you are a rice dealer and the government wants the price of grain to rise (for horrible reasons), and if you do not export it, the feds will burn it, and you can make your family wealthy just doing a lot more of what you do, then wouldn't you go ahead too? Heck yes!
Especially since the Federal policy is "Get big or get out...." why fight the federal policy and be driven out of business like all those other chumps who refused to go along with federal policy, and ended up in soup lines? I am not being facetious here, extremely few, if anyone, offered the deal, would refuse.
My only objection is that collectively we embraced capitalism, which destroyed the USA economy, and then we allowed the same fools to institute communism in USA (all those alphabet agencies and Get Big or Get Out.)
I suppose it gets down to how you define wealth. Progressives define it as how much free stuff one can have, capitalists define it as how much stuff the rich can buy, but the etymologically correct definition is the range of goods and services a person can buy with their own money (with money properly defined.)
There is a wee bit of irony here. The founder is named Grover Cleveland Connell, no doubt named after the president Grover Cleveland, by Irish parents who at the time like the despised Americans of any other era name their kids after presidents, to approximate belonging.
The irony is Grover Cleveland was the last USA president to veto a congressional spending bill on the grounds it was unconstitutional. The Connells then got into the swim of USA political-economy. Admirable! Erin go Braugh.
Now, let's get rid of the ExIm Bank, before we do any further damage to the world.
Feel free to forward this by email to three of your friends.
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