EDITOR OF REDSTATE
Morning Briefing for March 6, 2012
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The Export-Import Bank is a federal agency whose sole reason for existence is to use your tax dollars to subsidize sales of American manufactured goods to foreign buyers. It is nothing short of corporate welfare, and its business model (providing loans and loan guarantees at below market rates) is virtually identical to that of Fannie Mae and Freddie Mac.
Almost half of all Ex-Im loans wind up lining the pockets of just one company: Boeing. General Electric is another top beneficiary. That’s right. Your tax dollars are underwriting a profitable company that didn’t pay any federal income tax in 2010 and whose CEO is Obama’s chief spokesman for more stimulus.
And if these loans go bad, your tax dollars are legally obligated to bail them out. It also has the perverse result of actually costing U.S. jobs.
It can be difficult to summarize in one place all of Mitt Romney’s problems as a candidate and as a potential President. I have tried; I wrote, back in 2007, a series so lengthy on Romney’s flaws (some 15,000 words, Part I, II, III, IV & V) that I can’t possibly hope to rewrite the whole thing now, and explained why I preferred McCain to Romney. More recently I focused on the dangers of backing Romney to the integrity of his supporters, the conservative movement’s need to maintain its independence from Romney, and the problems with Romney’s technocratic approach. Let me try to zero in on four of his problems here: the unconvincing nature of his political conversion, the hazards of becoming enamored with candidates whose primary rationale for running is their money, the unprecedented difficulty of winning with a moderate Republican who lacks significant national security credentials as a war hero or other prominent foreign policy figure, and Romney’s vulnerability arising from his dependence on his biography.
I had not realized that things were this bad for the Obama administration:
“Democratic congressional leaders, including Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi, have privately sought as much as $30 million combined from Obama for America and the Democratic National Committee — a replay of the financial help they received from Obama in 2008 and 2010.
“But that’s not going to happen, top Obama aides Jim Messina and David Plouffe told Reid and Pelosi in back-to-back meetings on Capitol Hill on Thursday, according to sources familiar with the high-level talks.”
I learned something this weekend. Evidently, using the word slut is far more egregious than peeing on the Constitution and on personal and religious liberty. And being equated to a slut due to demanding that others pay for your personal sexual choices is more egregious than actually being a thirty year old perpetual student leech, spouting outright lies. Because, entitled. I had another teachable moment as well: the GOP has yet to realize what a travesty it is to cravenly cave to lefty false narratives, unbelievably giving them credence. I realized that I am very concerned about the lack of testicles (is there a mandate to cover a pill for that?) in the GOP. But, hey, us dames will handle it with our huge sets of brass ovaries. I’ll start, as I’m a giver.
Folks, it’s not the amendments we should be focused on; it’s the underlying bill that we must block.
Yes, it’s another week in D.C., and that means it’s another week of work on the highway bill. Throughout the past two weeks, there have been copious pages of ink spilled pontificating about the ramifications of the Blunt amendment and religious conscious issues. Moreover, the Capitol Hill papers are filled with news about Republican Senators protesting Harry Reid’s “filling the amendment tree,” blocking their precious non-germane amendments from being considered on the Senate floor. However, through it all, we are forgetting about the underlying bill; the tax and spend highway bill (S. 1813).