Search This Blog

De Omnibus Dubitandum - Lux Veritas

Sunday, August 3, 2014

Export-Import Bank fan Kay Hagan claims Thom Tillis defends corporate welfare

By Timothy P. Carney July 26, 2014 Opinion,Timothy P. Carney,Columnists,2014 Elections,Campaigns,North Carolina,Kay Hagan,Corporate Welfare,Thom Tillis,Export Import Bank

Sen. Kay Hagan is blasting her Republican opponent for“sid[ing] with the special interests”... Give the lady points for boldness: Sen. Kay Haganis blasting her Republican opponent for “sid[ing] with the special interests”because he opposes a corporate welfare agency that gives most of its subsidies to Hagan's campaign contributors. Hagan, D-N.C., is in a tough reelection battle with Thom Tillis, speaker of the state's House of Representatives. In 2012, Hagan voted to renew the charter of the Export-Import Bank of the United States, a federal agency that subsidizes foreign companies and governments buying U.S. goods.

“Ex-Im's nickname is 'Boeing's Bank'
...Boeing'sPAC has donated at least
$5,500 to Hagan.”

Ex-Im’s charter expires this fall, and Hagan loudly supports renewal again.Tillis, meanwhile, would eliminate Ex-Im, which is corporate welfare that harms the broader economy at the expense of a few exporters.......To Read More.....

My Take - I do wish more people read George Orwell's 1984.  Society needs to grasp this warning to western societies of what the left was all about, including what he called "Doublethink", which is the act of ordinary people simultaneously accepting two mutually contradictory beliefs as correct, such as “war is peace”, “freedom is slavery”, “ignorance is strength".  Or how about "green pest control". 

The Export-Import Bank is a Depression era FDR scheme created in 1934 by executive order that was allegedly supposed to boost American manufacturing during the Depression. Actually it was created as a foreign policy tool that would allow FDR to circumvent Congress in providing aid to his buddy, Josef Stalin in the Soviet Union. In 1935 he created – by executive order – a second one to facilitate trade with the new Batista government in Cuba and in 1935 the two merged and eventually in 1945 the Congress passed the Export-Import Bank Act. This scheme makes the American taxpayer responsible for loans issued to foreign entities if they default, not the manufacturer.

As an example in when a tiny island in the Pacific created Air Nauru they did it with one Boeing 737-400, which the island government couldn’t’ pay for. Boeing repossessed it and now the American public owns a plane it doesn’t need or want, the island lost its “airline”, and Boeing didn’t lose a dime because the American taxpayer assumed that financial responsibility via Ex-Im. (Editor’s Note: this was from Timothy P. Carney’s book “The Big Ripoff, How Big Business and Big Government Steal Your Money". I hardily recommend reading it.)

So now we have we have Senator Kay Hagan, a person of the left, "loudly" supporting a corporate welfare scheme created by an administration that was filled with communists, Soviet agents,  spies and fellow travelers, declaring the person who's against it - and who thinks companies should have to bear their own financial responsibilites and not the American taxpayer - is a shill for special interests. 

Of course here's a thought.  Maybe she isn't guilty of Doublethink.  Maybe she's just stupid.  Now there's a thought worth exploring! 

No comments:

Post a Comment