by: the Common Constitutionalist
To listen to the wails from Democrats and the socialistic “financial media,” you’d think business will cease to exist in America. Certainly American corporations will no longer be able to compete on a global scale without the help of our government.
You see, the big meanie conservative Republicans in the House allowed the Export-Import bank authorization to lapse – so now, other than previously agreed-upon commitments, the bank is no more.
Last week General Electric, one of the largest corporations on the planet, “announced it would create 500 jobs in France instead of the United States because it can no longer access the kind of financing once offered by the now shuttered agency.”
“Congress left us no choice when it failed to reauthorize the Ex-Im bank this summer,” said John Rice, G.E.’s vice chairman. You do have a choice Mr. Rice – but I’ll address that in a bit.
The liberal Fiscal Times felt the need to add: “but G.E.’s announcements suggest that more companies may start blaming Congress for destroying American jobs.”
Guess they got that right out of the Democrat playbook. It is widely known that the spineless Republican leadership can’t stomach criticism. But to that, my man Ted Cruz said: “I understand the crony capitalism is an easier way to do business, simply getting politicians in Washington to carve out billions in favors for giant corporations, but it’s not what Congress should be doing.” read more