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News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this site - no paid ads - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Monday, May 07, 2012

Tell House Republicans To End Ex-Im's Corrupt Corporate Welfare!

Reference prior post: Unions Support Keystone XL Pipeline; Conservatives Oppose Corporate Welfare (Ex-Im Bank) which detailed info and prior articles on the pending legislation to re-authorize the Export-Import Bank.

Below, Phil Kerpen has setup a means for people to express themselves to their representative.


Phil Kerpen: On Wednesday, the House will vote on reauthorization of a corporate welfare slush fund known as the Export-Import Bank.  The bill, H.R. 2072, would expand Ex-Im’s borrowing authority from $100 billion to $140 billion, potentially putting taxpayers on the hook for the full amount.

Historically, Ex-Im loans have overwhelmingly benefited one company: Boeing.  Boeing is a great company, but it can compete without help from American taxpayers.

Even worse, in recent years Obama has transformed Ex-Im, which he once correctly denounced as “Little more than a fund for corporate welfare” into the kind of slush fund he can love: one that rewards his cronies in the green energy industry.

Solyndra received $10.3 million from Ex-Im’s “Renewables Express” program on its way to bankruptcy. First Solar, which took a $449 million loss last quarter in a desperate restricting to attempt to avoid bankruptcy, received Ex-Im backing for sales of solar panels to its own Canadian subsidiary.

Worst of all, three years ago Ex-Im was the pot of money Obama used to massively subsidize offshore oil drilling in Brazil at the same time he was shutting it down here in the United States.

The Republican House was elected thanks to the blood, sweat, and tears of tea party activists dedicated to ending corrupt big government manipulation of economy. The House must be reminded that the Export-Import Bank is precisely the kind of program they were elected to end, not to expand.

I’ve set up a form on American Commitment which you can use to contact your member of Congress on this key issue. You can also call through the switchboard at 202-225-3121. We’ll find out Wednesday whether House Republicans are listening to us.

[Editor's note: We know the Democrats are not listening! Also, Representative Jim Jordan (R-OH), Chairman of the Conservative Republican Study Committee (RSC), declared in the today that he is voting NO!]
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Phil Kerpen is the president of American Commitment,  a columnist on Fox News Opinion, chairman of the Internet Freedom Coalition, and the author of Democracy Denied: How Obama is Bypassing Congress to Radically Transform America – and How to Stop Him. He is a contributing author for the ARRA News Service.

Tags: US House, H.R. 2072, re-authorization, corporate welfare, Export-Import Bank, Conservatives, Oppose Corporate Welfare, Ex-Im Bank, Phil Kerpen, American Commitment To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 5:19 PM - Post Link

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