Posted on 07/13/2015 7:44:51 PM PDT by MN_Mike
McConnell is trying to bring back the crony bank, Ex-Im Bank. It sunset at end of June 2015. Now he plans to tie it to a highway bill. At Wednesday’s press conference, Cruz will be joined by Sen. Mike Lee (R-Utah) and Rep. Bill Flores (R-Texas), chairman of the Republican Study Committee.
(Excerpt) Read more at thehill.com ...
It’s acceptable to like Trump and Cruz . In fact: CRUZ/TRUMP 2016
You might prefer an inversion.
What’s the problem? Why do you think a Government Bank should be picking winners and losers in the marketplace?
Foreign Airline A cannot borrow money on the open market to buy Boeing planes, so they go to the EX-IM Bank and get an artificially low interest loan. Since their debt service is lower than the free market would dictate, they can undercut US based Airline B, which pays market rates and has higher debt service.
How is this good? The airline with good credit is being punished by the airline with poor credit.
If you’re interested, here’s a 40 minute speech by Ted Cruz at Heritage. The speech is about the “Washington Cartel” , but you can skip forward to his discussion of the bank.
https://www.youtube.com/watch?v=kbLA69IzF6E
It is money used by well healed corporations who bribe politicians in both parties in order to suck at the tit of the American tax payer.
Kill it. We should not be in the business of picking winners and losers in private industry.
My my... what do the democrats have on Mitch McConnell..?.
It’s got to be nasty stuff..
The problem is the government has no business picking winners and losers. Once you go down that road, the vested interests of elected officials cease to be the people and become protecting the interests of their benefactors.
This is the essence of why conservatives oppose big government.
A government that picks winners also is picking losers. Or, Too Big To Fail also means, Too Small To Be Successful.
It’s not about the profitability. Obamacare is hugely profitable for some. It’s about the principles involved.
That’s one of the things I like about Trump. He takes all the oxygen out of the room. Lead Ted Cruz. I don’t hear you much.
Nothing...except that he's a member of the Uniparty...one of them.
Let’s hope there is more to follow soon.
The media/uniparty are employing two distinct strategies against Cruz and Trump.
In Cruz’ case, they are trying to destroy him by coordinated silence. Even his big news of the week, the NYT refusing to list his book in best sales, is an example of this strategy by blowback.
In Trump’s case, they know he can afford his own mouthpiece so ignoring him won’t make him go away. They have to destroy him. But, the rub is that using their combined voices to exorcise him makes for a much bigger story. This is likely backfiring on them, but the only thing they can really do at this point is relentless play to his ego and hope he says something truly over the top that brings him down.
Cruz can’t get this type of attention because he’s not The Donald.
Donald Trump won’t be the nominee. He doesn’t have the self-control to run the whole marathon. Cruz has enough money and principles to shine when the time is right, and he has some structural advantages like an early Texas primary.
It’s not time to sprint to the finish line. It’s mile two of the marathon. Let Donald Trump suck all the oxygen from the room. It’s highly entertaining to watch the uniparty squirm even as I know that by using all his oxygen reserves now, Trump will have a very difficult time maintaining pace for the long haul.
I can have a blast watching and cheering on the spectacle that is Donald Trump without having to consider whether he’s a real conservative. He’s not, he’s not my guy either. He never was.
So you’re one of those “authoritative” election season FReepers who come in and tell the rest of us how things really are.
LOL
Yeah, I’m glad Trump is getting attention on the border situation but I’m not so naive as to think it isn’t all about Trump.
Cruz has a long history of doing the right thing even when the cameras aren’t watching.
While I agree with this sentiment the reality is our competitor countries provide this support to their businesses. Killing the bank would be unilateral disarmament.
Free market ideology is great but the world of trade today isn't a free market.
It's hard to be an advocate for American jobs and be against the Ex-Im Bank.
I’d much rather level the playing field with tariffs than picking winners and losers. Tariffs are a more traditionally constitutional role of government and have much more brute force results.
Good find...
Sure, if you want a trade war.
Tariffs can be a carrot or a stick.
True. They don't really address the financing risk that export banks do, however.
That’s my point. Picking winners and losers by becoming de facto investing partners isn’t the business of govt.
The govt needs to get its fat fingers of the scales.
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