This warning from Boeing:
Their business model is on life support, and the other ExIm welfare queens are, as reported here variously, will not make it even with ExIm support.
One big argument is they do it, so we need to do it too! EG,
On the other hand, USA companies ought work these programs as much as possible, China ExIm bank financing, since they are deleterious to China. Once upon a time we were producers, not welfare queens. But capitalism breeds welfare queens.
Feel free to forward this by email to three of your friends.
"Congress has left thousands of small, medium and large U.S. exporters and their workers in limbo until the middle of next year and this will likely negatively impact U.S. sales to foreign customers. We will continue to press Congress for a multi-year reauthorization of Ex-Im."They would say that, wouldn't they? In capitalism, corporations are happy to ruin their customers: example 234,813,092,229 is Boeing's ExIm antics harms their domestic USA airline customers. Who cares? Where ya gonna go? There is no other USA airliner builder. There are no business setbacks that cannot be bailed out.
Their business model is on life support, and the other ExIm welfare queens are, as reported here variously, will not make it even with ExIm support.
One big argument is they do it, so we need to do it too! EG,
New Delhi: ICICI Bank Limited, India's largest private sector bank, today signed a framework agreement with The Export-Import Bank of China (China Exim Bank) for USD 1 billion. Under this agreement, China Exim Bank will consider providing short term and long term credit lines to ICICI Bank for financing purchase and import by the latter’s clients of Chinese products and services. The credit lines may also be utilised to support the cooperation between Chinese and Indian enterprises in natural resources, energy exploration and construction contracting projects.Wait... if China extends ExIm loans to India, how come we extend ExIm loans to China? Why not everyone just finance their own commerce? Why not, because Chinese State Owned Enterprises (SOE), like USA SOE, Boeing, General Motors, Fox News, simply could not exist without the running bailouts.
On the other hand, USA companies ought work these programs as much as possible, China ExIm bank financing, since they are deleterious to China. Once upon a time we were producers, not welfare queens. But capitalism breeds welfare queens.
Feel free to forward this by email to three of your friends.
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