It looks like Ryan and his crew traded everything away basically to lift the export ban on US produced oil. Great. Not that this is a bad thing. US producers should be able to export oil, but this benefits a few folks in Texas mostly. There were some tax break bones thrown in for business. And it looks like Congress has made it harder to bailout the health insurance companies with Medicare money. This is good. However, the president and the Dems seem to have gotten most of what they wanted.
Folks, they just do not get it. Congress has yet to figure out that it should be shrinking government, not expanding it. Yes, things will get hung up. And that is OK. Better to have nothing done than to spend taxpayer money as it has been spent for too long. (My entire life plus many many years.) Ryan “going full Boehner” on the American people is not helpful. It isn’t progress.
But it wasn’t just Boehner who sold out taxpayers. The GOP Military Industrial Complex guys made sure they got their money along with the Democrats. More spending. More government. More insider dealing. More crony capitalism.
It’s not a done deal officially yet but it’s basically done.
Now, who’s Boeing and who is Congress in this picture?
On October 9 members of the House, pretty much every Democrat (Which is just a crying shame but speaks to conformist nature of the party under Ms. Pelosi, Dems used to hate Ex-Im.) and a smattering of Republicans (but just enough) signed a “discharge petition” to bring a vote on the Export-Import Bank to the floor of the House through extraordinary means. The giant corporations, specifically Boeing, GE, Caterpillar and a few others have deployed their lobbyists in an all out assault on the anti-crony insurgents in Congress.
Well, the civil war takes another one. Things have gotten real, real quick up on the Hill.
By Stefan Gleason
It’s campaign season, and that means non-stop media coverage of candidate polls, quips, gaffes, tweets, emails, controversies, lies, and scandals. It all makes for a good soap opera. Unfortunately, it’s almost all irrelevant in the big picture.
The media prefer to focus on the sideshow rather than the 800-pound gorilla in the room: the looming debt crisis. Nothing that comes out of a pundit’s mouth or a Hillary Clinton email will close the $210 trillion long-term fiscal gap the U.S.
These 2 guys do not like each other. Let’s hope that Cruz’s theory is wrong. If he’s right however it amounts to a complete betrayal from John Boehner.
We wouldn’t put it past him. Indeed you can bet that long time “friends” like Boeing are leaning pretty hard on The Tanned One to make sure the Export-Import Bank, Boeing’s Bank, the taxpayer underwritten boondoggle for a few massive corporations, is revived from the grave for instance. The people who want Ex-Im gone are the same people who wanted Boehner gone. As such watch Boehner do the wrong thing here, either for old “friends,” out of spite,
I am pretty sure this is not the way John Boehner wanted to go out.
That Boehner is leaving is huge news generally and even bigger news for those of us who are concerned with the revival of the Export-Import Bank. Just yesterday we posted on the Speaker’s apparent willingness to work with Democrats to revive the crony program. Now the chess board has been tossed.
Attached is an interesting bit of history – it was last night – from reporter Jennifer Steinhauer at The Washington Post.
The Export-Import Bank of the United States which provides below market financing underwritten by taxpayers for giant corporations needs to die. Its charter wasn’t renewed in June, which is excellent, but the “bank” could still be revived if John Boehner attaches a revival to a big bill, a must vote on bill, like the highway bill. According to the hyper liberal, extreme statist, uber crony capitalist Maxine Waters, a Democrat, that just may be in the cards.
At ACC we don’t have an opinion of who should be Speaker. That is up to members of the House. But Boehner does baffle us. The American people gave the House (and Senate) back to the Republicans largely in an act of collective defiance of the current president and his agenda. John Boehner seems more concerned about what the US Chamber of Commerce, the leading business special interest, tells him to do. There seems no interest from him in cutting the size of government or in moving a small government agenda forward.
To be fair it’s not like Boehner was ever really a “conservative” and certainly he does not appear to have a libertarian bone in his body. He is a big government, Abrams tank-loving big spender. He has systematically tried to disenfranchise the younger, more liberty oriented members of the Republican caucus. He has sided with the President over the libertarian-conservative coalition pretty much every time it has mattered. In the face of an executive power grab Boehner backed down when voters clearly wanted him to stand up.