9 October 2012 0 Comments

Windmills in Arkansas – The Democratic Governor Colludes with Export-Import Bank For Brazilian Company

The Washington Free Beacon reports on the Statist policies of Arkansas’s Democratic Governor in collusion with the federal Export-Import Bank plans to finance a Brazilian “green energy’ windmill company with private tax-payer money. READ MORE How a foreign wind power company took tens of millions of U.S. dollars before laying-off hundreds of Americans Free Beacon […]

13 May 2012 0 Comments

Issues 2012 Part 5: Export Import Bank Subsidies for Big Government’s Big Business Cronies

America’s Export-Import Bank (Exim) is tapped out. Its authority runs out on May 31 and Congress has to agree to some form of extension. Exim has $100 billion of borrowing authority, none of which shows up on the federal balance sheet.  ZeroHedge 21 April 2012 Government Forces US Taxpayer to Subsidize Big Business        […]

24 September 2011 0 Comments

Export-Import Part 4: Bipartisanship Means Corporatism and Corporate Welfare- One Picture Treasury Sec. Geithner and Ex-Im Bank President Hochberg

Once again the vigilant Timothy Carney of the Washington Examiner brings our attention to this unnecessary welfare program for billion dollar, international, super corporations. Republican National Association of Manufacturers and Democratic US Treasury Secretary Timothy Geithner, in public for all who want to see what there is to be seen. U.S. Treasury Secretary Timothy Geithner […]

23 September 2011 0 Comments

Export-Import Bank Part 3: Subsidizes Big Business and Foreign Economies

The Export-Import Bank of the United States makes no secret of what  it does. In fact, it, openly, promotes its Statist interventions as productive Job Creation as if the taxpayer government bureaucrats know how best to raise our standard of living. Some think it is time for it to go. CATO’s Sallie James  analyzes the […]

22 September 2011 0 Comments

Export-Import Bank Part 2: Boeing’s Bank Benefits Like Fannie Mae – Implicit Government Guarantee Means Lower Interest

The vigilant Timothy Carney reports, 10 March 2010, that Bush Administration or Obama Administration, Corporatism, subsidies in the nature of loan guarantees, continue, corporatism  at its most obvious. “Of the $9.3 billion in loan guarantees Ex-Im issued in fiscal 2009, $8.4 billion subsidized Boeing sales.” For an explanation of the raison d’etre of the Export […]

21 September 2011 0 Comments

Export-Import Bank Part 1: Big Businesses’ Big Government Bank – Boeing, GE, Bechtel, Halliburton

Timothy Carney lays out yet another Big Government Scheme to finance Big Business at expense of the many. Washington Examiner 9 February 2007 – The Bush Administration. The Coalition for Employment through Exports favors the Bush Administration’s ending of direct appropriations but, like Fannie Mae and Freddie Mac and the USPS, Ex-Im retains the guarantee […]

20 September 2011 0 Comments

Export-Import Bank Part 5 – General Electric’s Billion Dollar Taxpayer Subsidy

CATO’s Sallie James analyzes US Export-Import Bank, its stated purposes and real world result Time to X Out the Ex-Im Bank   Table 2 Top 10 U.S. Beneficiaries of Export -Import Bank Loans and Long-Term Guarantees, FY2010 General Electric Co. Total Revenues $150,211,000, 000 Total Long Term Guarantees $ 1,043,000, 000   – 7.2 % of […]