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On behalf of our activist community, I urge you to contact your representative and urge him or her to cosponsor the Export-Import Bank Termination Act, H.R. 1910. Introduced by Rep. Justin Amash (R-Mich.), the Export-Import Bank Termination Act would abolish the Export-Import Bank, a relic of the New Deal and cesspool of cronyism.
Government wraps its seemingly endless fingers around almost all facets of our lives. “Safety” and “public interest” are cited as unquestionable benefits of government expansion.
The bill would blatantly disregard the Budget Control Act (BCA) of 2011 that requires Congress to adhere to budget caps – This bill goes above and beyond, busting the caps by nearly $300 billion over two years, more than twice that of the past two, two-year deals combined
The growth of America’s government may soon be outpaced by growth of the average waistline new indicators reveal. Rates of obesity have been increasing over the past several decades, but are now reaching some incredible levels. Currently it's estimated that well over one-third of adults are classified as obese and nearly two-thirds are classified as overweight. Perhaps more distressing is the recent discovery that one in six children are suffering from obesity.
CL Bryant spoke with FreedomWorks Research Analyst Logan Albright about the Export-Import Bank, the authorization for which expired at the end of June, and the misguided efforts to re-open it. Ex-Im serves crony special interests, doling out subsidies to big businesses, including Boeing.
Looks like the Chamber of Commerce is opening its coffers for a million-dollar ad blitz supporting the Export-Import bank. The ads will feature small businesses that rely on the Ex-Im Bank to keep their businesses functioning and competitive. Of course, the ads fail to mention that an overwhelming majority of the Bank’s funding goes to large multi-national corporations like Boeing, General Electric and Caterpillar.
In the 1989 movie, Field of Dreams, Terrance Mann, a reclusive civil rights hero played by James Earl Jones, gave a passionate speech in the climax of the movie in which he described the love-affair Americans have with baseball, our national pastime. "The one constant through all the years, Ray, has been baseball. America has rolled by like an army of steamrollers. It's been erased like a blackboard, rebuilt, and erased again,” Mann said.
From the moment Boeing laid eyes on the Export-Import Bank, it was love at first sight. Boeing has benefited from the Ex-Im Bank far more than any other company--especially last year when it secured 68.3 percent of all of the bank’s long-term loan guarantees. Their crony relationship has only strengthened over the years, to the point that people now refer to the Ex-Im as “Boeing’s Bank.”
Last weekend, the 2015 Conservative Political Action Conference (CPAC) met in Washington, DC to address the most important issues in America. Everybody who attended was well aware that free markets in America have been under assault by the federal government’s crony relationships with private corporations.
The U.S. Chamber of Commerce the National Association of Manufacturers have organized a coalition representing some 700 business leaders to fly-in to Washington DC this week to lobby members of Congress to reauthorize the crony Export-Import Bank before June 30, when its current authorization expires.
FreedomWorks Foundation, American Legislative Exchange Council, Tea Party Patriots and Committee to Unleash Prosperity in partnership with a coalition of conservative organizations and prominent individuals, launched the Save Our Country Task Force.