One Political PlazaSM - Home of politics
Elizabeth Warren Backs Corporate Welfare Bank
Jul 18, 2014 18:32:20   #
JMHO Loc: Utah
 
Sen. Elizabeth Warren (D-MA) may market herself as a progressive populist, but when forced to choose between everyday Americans and billion dollar international corporations, Warren sides with the corporations.

“Senator Warren believes that the Export-Import Bank helps create American jobs and spur economic growth," Warren spokeswoman Lacey Rose wrote in an e-mail to Bloomnberg News, "She looks forward to reviewing re-authorization legislation if and when it is introduced."

In fact, the Export-Import Bank does not create any net jobs. Whatever jobs it does create for the corporations it subsidizes are lost by non-subsidized businesses.

In reality, all the Export-Import Bank really is, to quote then-candidate Barack Obama, is "little more than a fund for corporate welfare."

This is why President Ronald Reagan proposed shrinking the Export-Import Bank saying at the time, "We’re doing this because the primary beneficiaries of taxpayer funds in this case are the exporting companies themselves–most of them profitable corporations."

Over 75 percent of all Export-Import corporate welfare subsidies go to large corporations, not small businesses.

And the corporate welfare bank is set to cost taxpayers more than $2 billion over the next ten years while bank officials are being investigated for fraud and corruption.

If the Progressive movement and their Democratic Party want to become the part of corporatism, then conservatives and the Republican Party must offer the American people an alternative by fighting corporate welfare in all its forms, including the Export-Import bank.

| Reply
Jul 18, 2014 21:03:56   #
Airforceone
 
JMHO wrote:
Sen. Elizabeth Warren (D-MA) may market herself as a progressive populist, but when forced to choose between everyday Americans and billion dollar international corporations, Warren sides with the corporations.

“Senator Warren believes that the Export-Import Bank helps create American jobs and spur economic growth," Warren spokeswoman Lacey Rose wrote in an e-mail to Bloomnberg News, "She looks forward to reviewing re-authorization legislation if and when it is introduced."

In fact, the Export-Import Bank does not create any net jobs. Whatever jobs it does create for the corporations it subsidizes are lost by non-subsidized businesses.

In reality, all the Export-Import Bank really is, to quote then-candidate Barack Obama, is "little more than a fund for corporate welfare."

This is why President Ronald Reagan proposed shrinking the Export-Import Bank saying at the time, "We’re doing this because the primary beneficiaries of taxpayer funds in this case are the exporting companies themselves–most of them profitable corporations."

Over 75 percent of all Export-Import corporate welfare subsidies go to large corporations, not small businesses.

And the corporate welfare bank is set to cost taxpayers more than $2 billion over the next ten years while bank officials are being investigated for fraud and corruption.

If the Progressive movement and their Democratic Party want to become the part of corporatism, then conservatives and the Republican Party must offer the American people an alternative by fighting corporate welfare in all its forms, including the Export-Import bank.
Sen. Elizabeth Warren (D-MA) may market herself as... (show quote)


Since when was your dumb ass against corporate welfare that's the biggest GD agenda for TP. Give me a break you hipocrit

| Reply
Jul 18, 2014 21:35:25   #
Airforceone
 
JMHO wrote:
Sen. Elizabeth Warren (D-MA) may market herself as a progressive populist, but when forced to choose between everyday Americans and billion dollar international corporations, Warren sides with the corporations.

“Senator Warren believes that the Export-Import Bank helps create American jobs and spur economic growth," Warren spokeswoman Lacey Rose wrote in an e-mail to Bloomnberg News, "She looks forward to reviewing re-authorization legislation if and when it is introduced."

In fact, the Export-Import Bank does not create any net jobs. Whatever jobs it does create for the corporations it subsidizes are lost by non-subsidized businesses.

In reality, all the Export-Import Bank really is, to quote then-candidate Barack Obama, is "little more than a fund for corporate welfare."

This is why President Ronald Reagan proposed shrinking the Export-Import Bank saying at the time, "We’re doing this because the primary beneficiaries of taxpayer funds in this case are the exporting companies themselves–most of them profitable corporations."

Over 75 percent of all Export-Import corporate welfare subsidies go to large corporations, not small businesses.

And the corporate welfare bank is set to cost taxpayers more than $2 billion over the next ten years while bank officials are being investigated for fraud and corruption.

If the Progressive movement and their Democratic Party want to become the part of corporatism, then conservatives and the Republican Party must offer the American people an alternative by fighting corporate welfare in all its forms, including the Export-Import bank.
Sen. Elizabeth Warren (D-MA) may market herself as... (show quote)


Do u have any idea what the Export-Import banks do. And it did create revenue of $1 billion last year. That CBO report is based on hypotheticals. Read a few more articles on the 380 small businesses that they helped to get into the export business but oh I forgot TP does absolutly nothing for middle class or small business. I am sorry I forgot.

This bank also loans money to companies like Boeing. This banks loan money to American companies that want to export products made in this country. Oh no I am sorry again the TP is all for shutting down American companies and shipping the jobs overseas.

So with your Teapee'ers brain ya lets shut it down and watch us loose more American jobs.

| Reply
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.
OnePoliticalPlaza.com - Forum
Copyright 2012-2020 IDF International Technologies, Inc.