U.S. House approves highway bill that revives EXIM bank (conservatives screwed again)

Reuters ^ | 12/3/2015 | David Morgan

[fifedom]

The U.S. House on Thursday passed a five-year transportation bill that also revive(s) the charter of the U.S. Export-Import Bank, which had been allowed to expire in the face of conservative opposition. the House of Representatives voted 359 to 65. All 65 "no" votes came from Republicans, including lawmakers opposed to the EXIM bank measure. "It proves to the American people that we can get things done," said House Transportation Committee Chairman Bill Shuster, a Pennsylvania Republican.

[fifedom]

Disgusting. What Ted Cruz calls the "washington cartel" is still very much in business. Sure they can "get things done" by screwing the taxpayers and borrowing even more from the Chinese.

[fifedom]

Sure they can “get things done” by screwing the taxpayers and borrowing even more from the Chinese.

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And using the money to pay off their cronies.

[Secret Agent Man]

It just proves republicans are democrat lite.

[Buckeye McFrog]

House Transportation Committee Chairman Bill Shuster,

A crony-capitalist porkbarrel appropriator from WAY back. Inherited the seat from his dad who was dubbed Mr. Highway for his prowess in doing this very thing.

[LostInBayport]

[Paladin2]

Paul Ryno is a RAT.

[fifedom]

I think this now a done deal. They passed this crap back in November and it went to the Senate where McConnell made sure it survived. Then he and Paul Ryan appointed conference committee members who were rubber stamps. So I think this is it and the cronies will get their money.

[Thibodeaux]

or, American business prevails and can compete on the global market with other companies having strong government support.

[Bulwyf]

Look at the love in Ryan’s eyes. He must think he’s looking at his role model.

[fifedom]

or, American business prevails and can compete on the global market with other companies having strong government support.

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You mean companies like Caterpillar and Boeing can’t get loans regular banks?? The ExIm bank guarantees “heads the cronies win” or tails the taxpayers get screwed.

[Buckeye McFrog]

This is going to make it very, very difficult to explain to all of the Bernie voters out there exactly WHY the government can’t forgive all their student loans.

[SeeSharp]

or, American business prevails and can compete on the global market with other companies having strong government support.

Government support does not enable American companies to compete. It excuses them temporarily from the need to modernize and cut costs. It actually weakens them relative to their foreign competitors.

[JohnG45]

Did any reasonable person have any doubt?

Remember, Mitch McConnell said he would not allow the EXIM Bank to be voted on if it was a stand-alone bill. I guess they solved that problem by Ryan attaching it to the Highway bill.

So much for representative government.

[Thibodeaux]

they get loans from regular banks for international transactions guaranteed against political risk by EXim.

[Thibodeaux]

actually, you don’t have a clue about trade

[SeeSharp]

actually, you don’t have a clue about trade

I know the difference between trade and corporate welfare.

[Thibodeaux]

apparently not

[Road Warrior ‘04]

Orange and Useless!

[SeeSharp]

apparently not

Do you have an actual argument you can make or are you just going to keep tossing out childish remarks?

[Paladin2]

Oh yeah, the Bud Schuster Highway in PA along with a failed gov’t built Airport in Johnston.