GOP Moves To End Export/Import Bank

[The Rabbi]

About time. We need less government involvement in the economy, not more.
http://finance.yahoo.com/news/key-republican-wants-kill-us-export-import-bank-202017948.html

 

[KNB]

Do you know what happens when you deregulate the economy? HSBC.

HSBC made billions of dollars laundering money for narco-terrorist groups, confessed that they did this, and still, no one went to jail. They paid a small fine and went right back to work. Why? Because corporations want the government out of the private sector.

Do you know what happens when the People are duped into thinking that laws are bad? GM.

GM killed over 300 people by not fixing a problem in their vehicles that they had known about at least since 2001. GM admitted to killing only 13 people through their gross negligence, even after being bailed out with taxpayer money (taxpayers like the 300+ who died from defective GM vehicles) and agreed to pay a fine of $35m.

The company profited billions by working against the public interest, and they paid a fine equal to 1-day's revenue. Why? Because rich people only want laws to apply to poor people.

 

[Kosh]

Do you know what happens when you deregulate the economy? HSBC.

HSBC made billions of dollars laundering money for narco-terrorist groups, confessed that they did this, and still, no one went to jail. They paid a small fine and went right back to work. Why? Because corporations want the government out of the private sector.

Do you know what happens when the People are duped into thinking that laws are bad? GM.

GM killed over 300 people by not fixing a problem in their vehicles that they had known about at least since 2001. GM admitted to killing only 13 people through their gross negligence, even after being bailed out with taxpayer money (taxpayers like the 300+ who died from defective GM vehicles) and agreed to pay a fine of $35m.

The company profited billions by working against the public interest, and they paid a fine equal to 1-day's revenue. Why? Because rich people only want laws to apply to poor people.

The far left propaganda that just pouring out is amazing!

Well actually it is not, it is typical for the far left who doe snot understand what they post about!

Finally another far left FDR entity to be done away with.

 

[The Rabbi]

KNB wouldn't know the Ex-Im Bank from Acapulco Gold. Neither would have the leftists who will probably post here.

 

[KNB]

When you can't argue shit, call them a liberal. That's a guaranteed win for you, right? Because you're smart.

Do you know who benefits from deregulation? Rich people. Not you. You're poor. Rich people don't type on messageboards at 2 in the morning. You don't benefit from government deregulation, only rich people do. You should stop arguing to let rich people get away with whatever they want. That's how the Iraq invasion happened.

 

[The Rabbi]

When you can't argue shit, call them a liberal. That's a guaranteed win for you, right? Because you're smart.

Do you know who benefits from deregulation? Rich people. Not you. You're poor. Rich people don't type on messageboards at 2 in the morning. You don't benefit from government deregulation, only rich people do. You should stop arguing to let rich people get away with whatever they want. That's how the Iraq invasion happened.

Bush is a war criminal. Chaney had Halliburton.
No matter how many times these things get debunked the left just keeps repeating the same old shit.
Hey, why dont you stick to topics you know something about. Like Maui Wowi.

 

[KNB]

It's been proven, goyim. Bush lied to invade Iraq and tortured POWs. Those are war crimes.

It's also been proven that bankers and rich billionaire financial elitist money-mongers don't give a damn about you or any other American voter while you continue to champion their cause of "Deregulation" which allows the rich to get away with even more embezzlement and war profiteering.

If you hate the big government then you should hate the super-rich who own the big government. If you want to regulate the government then you have to regulate the rich people who own it. If you let them do whatever they want, you get Vietraqistan.

 

[KissMy]

The Export-Import Bank (Ex-Im) grew U.S. exports and increased American jobs. As the official export credit agency of the United States, Ex-Im Bank assists in financing U.S. exports from thousands of American companies and bolsters our global competitiveness. In fact, nearly 90 percent of Export-Import Bank’s transactions directly support U.S. small business. Last year alone, they supported more than $40 billion in export sales from American companies. These sales, from 3,600 companies, supported almost 300,000 jobs.

Ex-Im Bank operates at no cost to the taxpayer, and it has a track record of generating a profit for the government. Last year alone, the Bank sent $1 billion to the U.S. Treasury. Over the last five years, the Ex-Im Bank has returned $3.4 billion to the United States Treasury.

 

[The Rabbi]

The Export-Import Bank (Ex-Im) grew U.S. exports and increased American jobs. As the official export credit agency of the United States, Ex-Im Bank assists in financing U.S. exports from thousands of American companies and bolsters our global competitiveness. In fact, nearly 90 percent of Export-Import Bank’s transactions directly support U.S. small business. Last year alone, they supported more than $40 billion in export sales from American companies. These sales, from 3,600 companies, supported almost 300,000 jobs.

Ex-Im Bank operates at no cost to the taxpayer, and it has a track record of generating a profit for the government. Last year alone, the Bank sent $1 billion to the U.S. Treasury. Over the last five years, the Ex-Im Bank has returned $3.4 billion to the United States Treasury.

Fannie Mae was said to opeerate at no cost to taxpayers. We see where that went.
THe Ex Im Bank is not only a big liability but in today's climate totally unniecessary. Why is it that private banks cannot do the same thing?

 

[KissMy]

Fannie Mae was said to opeerate at no cost to taxpayers. We see where that went.

THe Ex Im Bank is not only a big liability but in today's climate totally unniecessary. Why is it that private banks cannot do the same thing?

No one is stopping other banks from making these loans.

Fannie Mae was a crony GSE where profits were going to shareholders & executives while risk & losses to tax payers. The implicit tax payer gurantee was a $6.5 billion annual windfall for them. They paid off congress & were by-passing regulation buying crap originated by private banks. Now that they have been nationalized, they are paying US Treasury dividends of $60 billion a year. It is also clawing back a lot of of the frauds committed against it.

Since the bailout it is clear that all banks operate with a tax payer guarantee. After we bailed them out we sold the shares instead of raking in big bucks to cover losses from other banks. That is a stupid way to run things. Tax payers are still in the TARP hole. No shares should have been sold untill all TARP was paid back plus interest. Plus the Federal Reserve has a huge balance sheet from the bailouts.

The EX/IM Bank is not a GSE & returns all profit to the US Treasury, has lower loan loss rate than private banks & under direct government control. It has operated successfully for us for 80 years. With such quality it might work better if they sell MBS risk like Walllstreet does to the market to make the US Treasury a lot more money. The EX/IM Bank lending rates are to low & should be raised to prevent subsidy via implied guarantee.

We need to end lending or increase rates & standards on the IMF. By funding the IMF, the United States is actually losing money because it borrows cash at one rate (bonds) and invests it at a lower rate (IMF). The Congressional Research Service has calculated that in this way the IMF has added at least $4.6 billion to the national debt. It will add more if the current funding requests are approved.

 

[KissMy]

Repubtards let the US EX/IM Bank expire. This just cut direct government income from it's profitable banking operations, increased deficits & inflation & sent US jobs overseas. They are a bunch of anti US worker assholes.

"Over the past two decades, the Bank has generated nearly $7 billion more than the cost of its operations. That's money EXIM Bank generates for the American taxpayer, to help reduce the federal deficit."

General Electric is planning to move 500 jobs overseas, citing the Export-Import Bank expiration.

 

[The Rabbi]

Repubtards let the US EX/IM Bank expire. This just cut direct government income from it's profitable banking operations, increased deficits & inflation & sent US jobs overseas. They are a bunch of anti US worker assholes.

"Over the past two decades, the Bank has generated nearly $7 billion more than the cost of its operations. That's money EXIM Bank generates for the American taxpayer, to help reduce the federal deficit."

General Electric is planning to move 500 jobs overseas, citing the Export-Import Bank expiration.

Who knew that you were in favor of government subsidies to Big Corporations? Post a chart of your positions or STFU, asshole.

 

[KissMy]

Repubtards let the US EX/IM Bank expire. This just cut direct government income from it's profitable banking operations, increased deficits & inflation & sent US jobs overseas. They are a bunch of anti US worker assholes.

"Over the past two decades, the Bank has generated nearly $7 billion more than the cost of its operations. That's money EXIM Bank generates for the American taxpayer, to help reduce the federal deficit."

General Electric is planning to move 500 jobs overseas, citing the Export-Import Bank expiration.

Who knew that you were in favor of government subsidies to Big Corporations? Post a chart of your positions or STFU, asshole.

You are an angry repubtard. It's not a subsidy when government makes a profit off loans that create jobs in the USA. You sure are STUPID!