Ex-Im Is Back In Business, Boeing Cuts 4,000 Jobs Anyway (Company threatened job cuts last year if it lost its Export-Import Bank subsidy)

Flying high in the crony skies.

So nice that Boeing, now with its huge taxpayer underwritten subsidy in hand thanks to many Republicans who abandoned the free market to support crony capitalism, slashes a bunch of jobs. The company had threatened to slash jobs if it didn’t get an Ex-Im renewal, but in the end it got rid of thousands of jobs anyway.

Crony capitalists do not operate on good faith or anything close to it. Remember this for the future.

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The known and unknown of the Ex-Im Bank

For crying into our pillows, kill this crony program. It is entirely in the hands of congressional Republicans who are supposed to be for smaller government. This one should be easy.

But it’s not easy because the big companies want their welfare. They want the American taxpayer to subsidize their loans, because, well, because they deserve it. And many supposedly conservative Republicans don’t want to upset their corporate sponsors.

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Emails between Ex-Im Bank and Boeing: WSJ says, “They reveal an extraordinary level of coordination between public officials and corporate executives.”

US taxpayers subsidize the purchase of Air India jets from Boeing which in turn hurts American company Delta.

Isn’t it nice when giant corporations (such as Boeing) and government agencies (such as the Import-Export Bank of the United States) come together to figure out how best to jack the American taxpayer? It just makes one feel all warm and fuzzy inside. At least SOMETHING is working in Washington DC. Thank goodness.

Kill the Ex-Im Bank. We’re supposed to have free markets in this country.

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Reuters investigation: Many small businesses touted by Ex-Im Bank actually part of giant conglomerates

“This is how big I want my taxpayer funded subsidies to be.”

Shock! The corporate slush fund known as the Import-Export Bank of the United States, aka Boeing’s Bank, doesn’t really benefit small business much. (In fact it generally hurts small businesses seeking to compete with the big guys which is one of the main reasons the taxpayer backed bank should be abolished.)

Ex-Im, backed by the crony wings of both parties, is in the midst of a full on spin war for its survival.

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