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Sini #142566 12/22/17 06:29 PM
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65.4% of Loan Guarantees Made by U.S. Government Bank Benefited Boeing

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The Ex-Im Bank has posted its annual reports going back to 1997 on its official website. They show that between 1997 and 2013, this federal government bank guaranteed $142,870,200,824 in loans made by private banks to foreign organizations that used the money to buy U.S. manufactured products. $93,468,763,440 of these loan guarantees--or 65.4 percent of the total amount guaranteed by the U.S. government-- went to foreign organizations that were purchasing Boeing products.


Another Report

Quote
The first chart displays the top ten exporter beneficiaries for all combined Export-Import Bank interventions during FY 2013. The chart shows that the Bank truly lives up to its nickname, “Boeing’s Bank.” Boeing was by far the biggest exporter beneficiary of all Bank activity, raking in over $8 billion in assistance during FY 2013.


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Sini #142567 12/22/17 06:31 PM
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So like the Tea Party, you oppose the way the Ex Im bank operates?

Better complain to members of your Congressional delegation. Do they agree with your views?


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Sini #142568 12/22/17 06:33 PM
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Trump filling the swamp with Export-Import Bank

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Wilbur Ross, President Donald Trump’s secretary of commerce, said in his confirmation hearing that there could be justifications for keeping the Export-Import Bank going. He appears to have convinced the president, who in mid-April said he supported keeping the bank, after having denounced it on the campaign trail.


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Sini #142569 12/22/17 06:37 PM
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The Ex Im bank has strong bipartisan support. Perhaps upon learning more about their function, the President changed his mind, which is a good thing, dont you think?


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Owain #142570 12/22/17 06:39 PM
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Originally Posted by Owain
So like the Tea Party, you oppose the way the Ex Im bank operates?

Better complain to members of your Congressional delegation. Do they agree with your views?


Your attempt at reframing argument denied.

I asked you in an earlier post:

Quote
You are trying to argue here that bailouts and handouts are a good thing. What kind of a conservative are you?


A MAGA kind "conservative". You wouldn't even qualify to be called a RINO. Disgraceful.


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Sini #142571 12/22/17 06:43 PM
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Will you cry if I persist?

Sorry if the argument isn't going your way, but really, I don't think the Ex Im bank is a winner for you. They do serve a useful function, with strong support on both sides of the aisle.

But you brought them up, not me.

Last edited by Owain; 12/22/17 06:45 PM.

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Owain #142572 12/22/17 06:46 PM
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Originally Posted by Owain
"Once we pass this PR stage, we will be right back to corporations fucking us like they have been for years, sitting on record levels of money in their accounts. "

Do I need to remind you, it's their money. If they use their own money as they see fit, how does that fuck you over in any way?


I think your question was answered in excruciating detail over last couple pages of this thread.

In the process, we also established that your conservative credentials are not worth the paper they are printed on.


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Sini #142573 12/22/17 06:50 PM
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So explain to me how you personally have been fucked over. Other than the butthurt you feel over things not going as you wish?


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Sini #142574 12/22/17 06:52 PM
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Does Boeing receiving and repaying loans really harm you?


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Sini #142575 12/22/17 07:36 PM
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Seeing how you gracefully conceded to being wrong on corporate taxes, lets move on to the next topic.

Boeing on the dole harms me in the following way:

1. Airplane tickets cost more, since due to lack of competition airlines have to pay more for airplanes
2. My taxes are higher, since these handouts come out taxed income
3. My earnings and savings are reduced by inflation, as these loans are printed money that increase inflation
4. It would reduce profitability of any company I'd start that directly compete with Boeing, as I would not benefit from handouts


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