Dodd-Frank, though passed 4 years ago in the wake of the Crash still isn’t even half written. It may never be fully written. As we speak regulators write new rules and regs with help from the financial industry of course. “It’s a living document.” Sigh.
To be fair the Republicans have been the party of big business and big government for a long time too.
But for all the talk of “ending corporate welfare” we’ve heard over the years from the Democrats it sure is disappointing to see how quickly the Dems have abandoned this rhetoric to defend the billion dollar, taxpayer funded corporate slush fund which is the Export-Import Bank of the United States, aka “Boeing’s Bank.”
I don’t know much about this company. I’m not into knitting and scrapbooking. But I do now know they pay almost twice the minimum wage on the lowest end of their pay scale and only objected to paying for a particular type of contraceptive which some people believe is a form of abortion.
The deeper federal control of business gets, the easier it becomes for politicians to exact tribute from business owners.
We are now at the point where the giant corporations are panicking. An all out effort is being deployed to keep the Ex-Im slush fund alive for Boeing and its behemoth brethren.
That’s the title of the article below.
NSA snooping is terrible for the tech industry, awful. By extension the snooping is bad for the economy generally. Cisco has already said that its overseas orders are down in a big way because customers are afraid that Cisco products are full of back doors for the US government.
This trend will only continue. Torpedoing the most important part of the US economy for an all pervasive surveillance state just isn’t very smart.
A couple of years ago we reported on this story and advised our readers to consider purchasing a Gibson if they were in the market. I’ll say it again, consider buying one. Father’s day is just around the corner. (We have no affiliation with the company. We are however fathers.)