ARRA News Service
ARRA News Service facebook page  
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. All 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 accepted - 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)
    Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Thursday, February 23, 2017

Will Trump drain the Ex-Im Swamp?

by Rick Manning: What exactly was President Donald Trump doing at the Boeing plant in Charleston, South Carolina on Feb. 17?

The simple answer is getting out of Washington and back to real America for a victory lap. He had much to celebrate in his first month in office and going back to one of the states that paved the way for his victory during their primary a little less than a year ago was a great place to start.

In his formal remarks, Trump reiterated his “America First” doctrine: “We are going to enforce — very strongly enforce our trade rules and stop foreign cheating. Tremendous cheating. Tremendous cheating. We want products made by our workers, in our factories, stamped with those four magnificent words: Made in the USA.”

The President’s call was met by thunderous applause and chants of “U-S-A! U-S-A!”

But creeping surreptitiously behind the cheers, the flags, and the pomp and circumstance was a shadow issue: the Export-Import Bank (Ex-Im).

Democratic Senators on Feb. 9 emerged from a meeting with President Trump announcing he had embraced this U.S. taxpayer-financed lender to foreign countries marks, a seeming about-face from his “drain the swamp” rhetoric. Sen. Heidi Heitkamp (D-N.D.) said Trump had promised to add another member to the bank to reach a 5-member quorum that would enable it to approve deals worth $10 billion or greater.

On the campaign trail, Trump had called the Ex-Im Bank “feather bedding” and said a “few companies” could “do well without it,” and that it was “really not free enterprise.”

To jog memories, the Ex-Im Bank, a relic of the Great Depression, was chartered as a federal agency “to aid in financing and to facilitate exports of goods and services” between the United States and any foreign country “to contribute to maintaining or increasing employment of United States workers.

In fact, in its 80-year history, the Ex-Im Bank has publicly subsidized loans to companies, based not in South Carolina, but in China, Russia, Saudi Arabia and the United Arab Emirates. Also, contrary to its charter, the Ex-Im Bank boosts only boost a limited number of exports, about $20 billion a year out of $2.3 trillion of exports, or less than 1 percent of all U.S. exports. And then only a limited number of the manufacturers of U.S. goods, but not those which export services.

Case in point: one of the Ex-Im’s largest beneficiaries is none other than Boeing. Boeing, a $90 billion dollar, multinational corporation, manufactures wide-body planes flown by foreign carriers, like Emirate Airlines. By subsidizing the manufacturer, the Ex-Im, appropriately nicknamed the “Bank of Boeing,” effectively subsidizes the foreign carriers purchasing the planes, helping them compete against U.S. airlines.

While large airlines — like Delta and United — are hardly the objects of widespread public sympathy, the free market demands that public monies not be used to pick economic winners and losers. Nor should the tax dollars of South Carolina machinists be used to prop up multi-billion dollar companies like rel="nofollow" target="new">Boeing, General Electric, and Bechtel.

With the Ex-Im Bank serving as a public symbol of crony capitalism, free-market Republicans, including new Trump budget director (and then-Rep.) Mick Mulvaney, fought against reauthorizing the agency in 2015. Only after a massive lobbying campaign did Republicans cave in to a four-year reauthorization.

Would Trump, who in December renewed his call to “drain the swamp,” restore full lending powers to the poster child of the very beast he has pledged to starve?

Maybe not. One spark of hope may come from Trump’s recently confirmed Office of Management and Budget (OMB) Director, Mick Mulvaney. The New York Times’ Sharon LaFraniere and Alan Rappeport reported on Feb. 17 that an internal memo at OMB has the Ex-Im Bank flagged for termination.

Meaning there is still a possibility that Trump may axe the Ex-Im Bank after all.

We call on President Trump to recall the words of his own Inaugural Address: “The establishment protected itself, but not the citizens of our country. Their victories have not been your victories; their triumphs have not been your triumphs; and while they celebrated in our nation’s Capital, there was little to celebrate for struggling families all across our land. That all changes — starting right here, and right now, because this moment is your moment: it belongs to you.”

Truer words were never spoken. Will the president’s actions match his “drain the swamp” rhetoric? Millions of Americans are waiting to find out, and the Ex-Im Bank will be an excellent proving ground. We’ll know more when OMB presents the president’s budget in March.
---------------
Rick Manning (@rmanning957) is President of Americans for Limited Government. Article also on the ALG Blog .

Tags: Rick Manning, Americans for Limited Government To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 9:10 AM - Post Link

0 Comments:

Post a Comment

<< Home


National Debt
Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join us at:
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
Arkansas State Senators
AR State Representatives
Arkansas Governor Office
Arkansas Attorney General
Bankrupting America
US House of Representatives
US Senators
Family Research Council
GrassFire
NumbersUSA
Ballotpedia
Judgepedia
Sunshine Review

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Let's Mine AR Lignite NOW!
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
America's Whatchtower
An Ol’ Broad’s Ramblings
ARRA Twitter
As A Matter of Fact
As The Crackerhead Crumbles
Baaad Media!
Black & Right
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Citizen Pamphleteer
Common Cents
Conservative Hideout
Conservative Observer AZ
Conservative Voices
Conway Real Deal
Defeat Obama's Agenda
Diana's Corner
eGOP News
Florida Pundit
Franklin Online Outreach
Freedom For US Now
Free Zone Media Center
For God and Liberty
Garland County Republicans
Greater Fitchburg For Life
Guns and Religion
Lasting Liberty Blog
Liberal Isn't Amy
Liberty's Lifeline
Maggie's Notebook
Marathon Pundit
Monkey in the Middle
NASA Satellites
No Runny Eggs
Okie Campaigns
Our Voices Arkansas
Patriot's Corner
ProLifeBlogs
Publius Forum
Randy's Roundtable
Real Debate Wisconsin
Religion and Morality
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sentry Journal
Sultan Knish
Teresamerica
Stop Obama Satire & Cartoons
The Arkansas Patriot
The Audacity of Logic
The Blue Eye View
The Bobo Files
The Born Again Americans
TEA Party Cartoons
The Conservative Citizen
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Looking Spoon
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Truth About Obamacare
Twitter @ARRA
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Union Facts



Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer


Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • How To Exchange Links!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting the beliefs associated with the ARRA, this blog/site is not controlled by nor funded by the ARRA. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2017 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.