Export Import Bank

Morning Action: Getting Shafted by the Export-Import Bank

Fasten your seatbelts, folks. The debate over huge taxpayer subsidies for Boeing and other corporate high-fliers is getting more turbulent by the day.

At issue is whether Congress ought to reauthorize the Export-Import Bank, which provides subsidized financing for export deals involving billionaire businesses such as the aforementioned aerospace conglomerate as well as General Electric, Caterpillar, John Deere, and Bechtel.

Allowing the bank’s charter to expire is the rational course of action. But with opposition to this particular form of corporate welfare on the rise, Ex-Im officials have turned to dirty tricks to undercut their critics (not unlike their bureaucrat-brethren at the IRS).

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Export Import Bank

Export-Import Bank: Who Really Benefits?

On Friday, the U.S. Export-Import Bank will hold a “Small-Business Exporter Boot Camp” at their 2014 annual conference in Washington, DC.  The description of the session excitedly states:

Learn from successful small business exporters how they are using Ex-Im  Bank financing to grow their business profits and sell their products  globally.  Great for first timers!

It’s true.  Some small business owners are perfectly content benefiting from taxpayer-backed loans to foreign companies if it means they can export their products without taking the financial risk other exporters take.      

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Capitol Building

Morning Action: The Administration Needlessly Killing Jobs

KEYSTONE.  The Heritage Foundation explains why the Obama Administration’s decision to delay the Keystone XL pipeline is bad for both the environment and jobs:

The Keystone XL pipeline, which President Obama just delayed again, has received an environmental green light multiple times—from this administration.

State Department impact reports have concluded “that the pipeline, a Canada-based project to deliver up to 830,000 barrels of oil per day to Gulf Coast refineries, would pose no significant environmental risk and would not contribute substantially to carbon dioxide emissions,” says Nicolas Loris, Heritage’s Herbert and Joyce Morgan Fellow.

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immigration border security

Amnesty Advocate’s Advice to Obama: Abuse the Law Until Republicans Cave

House Democrats are promoting a discharge petition to force a vote on the Senate’s amnesty bill, and they’re not likely to get enough Republican support — 218 signatures – for it to work.  But there is no shortage of pressure from outside groups for Congress to make amnesty law. In a moment of pure candidness, Chris Newman, general counsel for the National Day Laborer Organizing Network (NDLON), recently stated:

The best way for a good [immigration] bill to pass this year is for the president to use his legal authority to reduce deportations and expand protections for illegals. That would compel House Republicans to come to the table in good faith.

In other words, Newman is asking President Obama to legislate unilaterally to protect illegal immigrants, until Republican lawmakers, having seen the error of their ways, vote for a bill that would make amnesty the law of the land.

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Skiers on a ski-lift

Obamacare: “As Snowboarders Say: Bummer”

The Union Leader reports that in New Hampshire, Obamacare may mean shorter ski seasons for some ski resorts:

Among Obamacare’s myriad negative effects on small businesses could be this: shorter ski seasons in New Hampshire.

At a forum on the Affordable Care Act held last week, Greg Goddard, general manager of Gunstock Ski Resort, said the resort might shorten its season because it cannot afford to offer health insurance to its full-time seasonal employees who work for more than 120 consecutive days, as the law requires.

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