Tuesday, March 8, 2016

Ex Im Bank.... It's Baaaaaack!

There was never really any chance it was going to go away.
WASHINGTON — In a victory for the business establishment over Tea Party conservatives, President Barack Obama on Friday signed legislation reviving the federal Export-Import Bank five months after Congress allowed it to expire.
I have not read the details, but one can assume it is

A. Bigger.

B. More lax.

C. More secretive.

These are necessary to keep secret the payoffs given to the "Tea Party" members who putatively opposed the Ex Im Bank. Now that the power has been increased and spread around, it can resume its inherent evil.

Our rules reveal our weaknesses...
The new chief ethics officer will recommend administrative actions to establish and enforce standards of ethical conduct for employees and contractors and report to the inspector general and appropriate federal or state authorities any “substantial evidence of a violation of any law applicable to the performance of official duties that may have been disclosed to the Office of Ethics.”
Since 2009, Lee added, 85 employees or beneficiaries of the EXIM Bank have been indicted for fraud, bribery and other wrongdoings. “None of these bogus ‘reforms’ will make an ounce of difference. None of them change the essential purpose of the Export-Import Bank, which is to use taxpayer money to subsidize wealthy, politically-connected businesses.”
The Ex Im bank will not end until United States ends.  The United States will end because it cannot end the Ex Im bank.  Not to say the country depends on the Ex Im bank, only if something so unimportant yet so odious cannot be ended, then there is no hope for this country.

Of the two democratic candidates today, another reason to vote Sanders is he is against the exim bank.
Hillary Clinton and Bernie Sanders are at odds over his past opposition to the federal Export-Import Bank, which makes and guarantees loans to help foreign customers buy U.S. goods.
In Sunday's Democratic debate, Clinton criticized Sanders, saying the U.S. is in a "race for exports" and that without the bank, "more jobs would be lost here at home."
Sanders counters 75 percent of the money goes to profitable corporations such that have outsourced jobs overseas. He was the only Democrat to oppose the bank, but he says "Democrats are not always right" and "have often supported corporate welfare."
Of course Sanders is free to be anti-ExIm Bank since he knows he will not lose.  Anti-ExIm pays off as Hilary shakes down these welfar-queen beneficiaries with threats of "bernie."

When you vote for a dem or rep, you endorse this,

I wonder if what is next will be better?  Probably a few hundred years off, but I still wonder.

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


Anonymous said...

Hillary Clinton approved the construction in South Africa of the world’s two largest coal-fired power-plants, and helped them get Export-Import Bank financing (U.S. taxpayer backing); then, some of her friends received construction contracts to build them.

This Is How Corruption with the Export-Import Bank Works: A Hillary Clinton Example