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Sen Kirk not planning to back Manchin Ex-Im bill [Schumer's bi-partisan bill - poof!?]
The Hill ^ | July 1, 2014 | Kevin Cirilli

Posted on 07/02/2014 12:50:02 AM PDT by Cincinatus' Wife

Sen. Mark Kirk’s (R-Ill.) office said the centrist senator has no plans to co-sponsor bipartisan legislation to reauthorize the Export-Import Bank.

The move comes after Sen. Charles Schumer (D-N.Y.) announced Senate Democrats would organize a vote on reauthorizing Ex-Im, a top priority for the U.S. Chamber of Commerce and other business groups, soon after the July 4 recess.

Schumer’s move highlights how renewing the Export-Import Bank is becoming more of a partisan issue.

Republicans are divided over renewing Ex-Im, with Tea Party conservatives arguing the bank’s financing of loans and loan guarantees is a form of crony capitalism best left behind.

That’s created an opening for Democrats to highlight their party’s support for Ex-Im. Schumer on Tuesday argued business groups should be more at home with the Democratic Party given the Tea Party’s influence on the GOP on issues such as immigration reform and Ex-Im.

Kirk had been seen as the most likely GOP co-sponsor of the bill given his past support for the bank.

Two major beneficiaries of the bank, Boeing and Caterpillar, are headquartered in Kirk's state. And just last week, Sen. Joe Manchin (W.Va.) told The Hill that he and Kirk planned to introduce legislation.

Kirk had previously joined Manchin in writing a letter to Senate Banking Committee leaders urging that the panel renew the bank.

But Kirk’s office on Tuesday said he’s made no commitment to supporting an Ex-Im reauthorization bill.

“Senator Kirk has consistently supported the reauthorization of Ex-Im, although he hasn't committed to any specific reauthorization bill to date,” a Kirk spokeswoman told The Hill in response to questions about Manchin’s comments.

“He hopes that if a bill were to reach the floor in July that [Senate Majority Leader Harry Reid (R-Nev.)] would allow an open and free amendment process, allowing all senators to have input in this crucial debate,” the spokeswoman said.

Manchin spokeswoman Katie Longo said that Kirk is helping Manchin to “move toward” Ex-Im reauthorization by the Sept. 30 deadline.

If Kirk will not co-sponsor legislation reauthorizing Ex-Im, it could be difficult for Manchin to find a Republican partner.

Schumer said the Senate would seek to move forward with Ex-Im, backed by the Obama administration, to put more pressure on the House.

“I think that if we can pass it in the Senate particularly with a good bipartisan majority ... it will put pressure on the House,” Schumer told reporters.

Manchin told The Hill that his proposal includes Ex-Im reforms, but he did not state specifics due to the negotiations. It's unclear whether his proposal will move more to the left now that Kirk is not part of it.


TOPICS: Business/Economy; Extended News; Government; Politics/Elections
KEYWORDS: conservatism; cronycapitalism; exim; teaparty

1 posted on 07/02/2014 12:50:03 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

US Chamber of Communists and Chuck Schumer working on a bill together....let that sink in...as to what kind of group the Chamber of Communists are


2 posted on 07/02/2014 2:33:36 AM PDT by DisorderOnBorder (Hollywood...Washington DC for pretty people)
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To: DisorderOnBorder

I use to think the U.S. Chamber of Commerce was a positive group.
After the crap they helped pull off in Mississippi, they are now on par with the pathetic un-American craphead in the oval office.


3 posted on 07/02/2014 2:56:21 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: Joe Boucher

I use to think the U.S. Chamber of Commerce was a positive group.
After the crap they helped pull off in Mississippi, they are now on par with the pathetic un-American craphead in the oval office.


As far as I can tell the CoC is still a capitalist group. Unfortunately for the American Citizen they have decided that several things need to happen to remain competitive.

The biggest one and most far reaching one is the need to reduce American wages to the norm of the rest of the world. To do that they are willing to bring in ‘cheap’ labor to depress those wages.

Also they have decided that another way to increase profits is to off-load as much as they can onto the Federal Government. Healthcare and pensions are the two big ones there.

I’m sure there are other things too but those are the big ones right now. The problem of course is that by concentrating on the ‘bottom-line’ in the short term, they will do irreparable damage to their companies in the long term. Someone has to buy their products and services and when we can’t afford to do so... Well then they either must reduce their prices or go out of business.

Such short term thinking in my opinion is very similar to the ‘Feral Youth’ problem of the inner Urban cities. So many of them no longer think or plan ahead. They live for today and if the gravy train stops... Well then I expect for them to riot and then boil out of their areas like a mass of fire ants.


4 posted on 07/02/2014 4:12:58 AM PDT by The Working Man
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To: DisorderOnBorder

Actually the Ex-Im bank backs up business in a difficult world of trade where other governments offer out right subsidies.

The charge of crony capitalism is a canard to slur American business. The most of the gurantees are to businesses having export transactions with risk of loss as a result of foreign governments. Banks make the loans, EX-Im guarantees against foreign credit loss.

I don’t know the actual losses EX-Im incurs but it is almost none.

When the posturing is done, the bill will pass. There are far too many jobs at stake


5 posted on 07/02/2014 4:20:30 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Obama is public enemy #1)
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To: bert
The charge of crony capitalism is a canard to slur American business.

Did you hear this company called GM? I understand there's a recall...

6 posted on 07/02/2014 4:27:01 AM PDT by Sirius Lee (All that is required for evil to advance is for government to do "something")
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To: Sirius Lee

You are interjecting a specific where the slur is generally anti business, anti capitalist and at the bottom line, anti American.


7 posted on 07/02/2014 4:32:30 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Obama is public enemy #1)
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To: bert
The most of the gurantees are to businesses having export transactions with risk of loss as a result of foreign governments.

The largest beneficiary of Ex-Im bank largess is Boeing, which doesn't need and should not get taxpayer help selling its airplanes. Nor does the taxpayer need the burden of being on the hook for losses incurred at Boeing.

If there is a role for an Ex-Im bank going forward, it should be focused on small businesses exclusively, not multinational behemoths like Boeing & Caterpillar.

8 posted on 07/02/2014 5:23:58 AM PDT by mac_truck ( Aide toi et dieu t aidera)
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