Posted on 07/15/2015 9:54:04 AM PDT by VinL
Sen. Ted Cruz on Wednesday raised the prospect of blocking a must-pass highway bill because the measure could be used to revive the Export-Import Bank, which expired at the end of June.
Cruz, who is running for the Republican presidential nomination in 2016, vigorously opposes the bank, which helps some U.S. exporters sell their goods overseas. At a news conference with other conservative GOP lawmakers and outside groups Wednesday, Cruz vowed to use any and all procedural tools to stop an Ex-Im reauthorization, particularly if it were attached to the highway bill later this month.
I am willing to use any and all procedural tools to stop this corporate welfare, this corruption from being propagated, Cruz (R-Texas) said Wednesday when asked whether he would be willing to filibuster the highway bill.
Sen. Mike Lee (R-Utah) agreed, adding: I think those of us who oppose it will continue to use any and all procedural tools at our disposal in order to oppose it.
The controversial export agencys charter expired, making it impossible for the agency to underwrite new loans. But supporters of the Ex-Im Bank mostly Democrats and business-aligned Republicans have pushed to reauthorize it by attaching it to the highway bill that must pass Congress before the end of July.
A test vote last month showed that 65 senators a clear filibuster-proof majority favor reauthorizing the export agency. But opposition to the bank runs deeper in the more conservative House.
Cruz also took a subtle dig at Senate Majority Leader Mitch McConnell (R-Ky.), openly musing that the Republican majority has not scored conservative victories even with a GOP-dominated Capitol.
Its interesting. With a Republican majority, we havent had a lot of conservative victories. This is one, Cruz said, referring to Ex-Ims expiration. Were here today to praise Mitch McConnell and John Boehner. They have the opportunity to deliver on their campaign rhetoric, and I am hopeful that actions follow words and every person here will gladly celebrate strong Republican leadership if we, in fact, have strong Republican leadership.
Democrats are already screeching about it on twitter begging Boehner to control his extremists.
Sen. T.Cruz does not care much what the Cyrer of the house does.
Not just the Times, the entire MSM
The Ex Im Bank covers high risk deals
‘provides financing for transactions that would otherwise not take place because commercial lenders are either unable or unwilling to accept the political or commercial risk inherent in the deal’
for special cronies
‘Ex-Im Bank makes available “not less than 20%” of its lending authority to small businesses” although they have often fallen short of the 20% threshold.’
especially fat cat cronies.
‘in fiscal year 2013 however, 76% of the value of loans and guarantees went to the top 10 recipients
https://en.wikipedia.org/wiki/Export-Import_Bank_of_the_United_States
It’s past time to close down Boeing’s bank
Wow! What a nice rip on the GOPe at the end. Go CRUZ!!
If we can’t even get rid of this turkey, the writing is on the wall. Government will continue to get bigger and spend us into oblivion. The US will be like Greece.
I have a very solid relationship with A congressman and have spent literally hours talking to him about everything under the sun.
He says a slimier pit of snakes you won’t find. He says that its nearly impossible to stay clean in DC. You write a clean and simple bill and you’ll find things added that are used to keep you in line later. Dirt is dug and traded back and forth across the aisle so they keep your side in line and we keep their side in line. Basically he says its a “mutually assured destruction” thing going on. He says that a man with the courage to name names isn’t a man with a lot of dirt to be found on him.
Staffers are the biggest threat that no one sees. They’re professional in house lobbyists who write most of the laws and put their own agendas into them. The congressman says staffers are back stabbing double dealing scum (he hired his own) who can make or break a politician. He points to Thaddeus McCotter as an example of what they can do.
Cruzing with Ted!
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