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pnwmom

(108,980 posts)
Wed May 25, 2016, 08:25 PM May 2016

WA State superdelegates strongly favor the Export-import Bank that Bernie opposes,

and Hillary's win in the primary -- in which almost three times as many Dems participated compared to the caucuses -- will confirm their decisions to give their convention votes to Hillary.

The Export-Import bank was set up by FDR as a part of the new deal, to help US companies compete overseas, since other countries have similar banks. It returns a profit to the Treasury every year. Bernie is the SOLE Senate progressive or Democrat to join with the tea party in trying to end this public bank.

And every President since FDR, Democrat and Republican, has supported the Export-Import bank.

Because of the importance of the Export-Import Bank to the WA State economy, our superdelegates have a strong reason to support Hillary. And now the primary voters have chosen Hillary, too.

http://www.seattlepi.com/local/politics/article/Sanders-doesn-t-fully-understand-agency-that-6875387.php

Sen. Bernie Sanders was the only Democratic caucus member in the Senate to oppose renewal of the U.S. Export-Import Bank, marked for extinction in 2015 by such right-wing groups as the Club for Growth, Heritage Foundation and various fronts for the Koch Brothers.

SNIP

"The Ex-Im Bank is a vital tool that has assisted hundreds of Washington state companies, large and small -- from agriculture to aerospace to electronics and wine making," Gov. Jay Inslee said Monday.

SNIP

Sen. Patty Murray, D-Wash., who sits with Sanders on the Senate Veterans Affairs Committee, was sharply critical of Sanders without naming her colleague: "I was proud to stand up and fight back against the misguided attempts to shut down the bank, and hurt local workers and small businesses, and I will keep working to make sure that those who want to kill jobs and hurt the economy in Washington by closing the bank don't win this critical debate."

SNIP

Rep. Suzan DelBene, D-Wash., added: "It's disappointing to hear some lawmakers disparage a program that helps hundreds of small- and middle-market businesses in our state -- and at no cost to taxpayers."

The Export Import Bank is an antithesis of corporate welfare. It runs at a profit, returning more than $650 million to the U.S. Treasury in 2014.

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WA State superdelegates strongly favor the Export-import Bank that Bernie opposes, (Original Post) pnwmom May 2016 OP
This is insane fun n serious May 2016 #1
Why wouldn't they ? The greatest beneficiary of the bank are small businesses. Just another Trust Buster May 2016 #2
Typical. barrow-wight May 2016 #34
That's because it benefits Boeing. NWCorona May 2016 #3
And many other businesses all over Washington. Our state is a net exporter, pnwmom May 2016 #4
Agreed but Boeing gets way to much preferential treatment. NWCorona May 2016 #8
In what respect? How does Boeing's treatment hurt other Washington businesses? pnwmom May 2016 #19
In 2012 over 80% of the loan backing went to Boeing NWCorona May 2016 #22
Assuming that is true, which WA state residents were hurt by that? nt pnwmom May 2016 #26
The ones that tried to get loans but couldn't. NWCorona May 2016 #28
Boeing prevented no other companies from getting these loans. nt pnwmom May 2016 #29
Boeing isn't even based here in WA scscholar May 2016 #24
Yes I was here when they moved. Right after we gave them a sweet tax deal. NWCorona May 2016 #27
Yep. He explained in a debate. A lions share of the benefits goes to Boeing trudyco May 2016 #14
WA State superdelegates represent WA state. n/t pnwmom May 2016 #20
Sounds to me like they represent Boeing more than the people in the state. passiveporcupine May 2016 #23
Which Washingtonians are hurt by the Export-Import bank's support of Boeing? n/t pnwmom May 2016 #25
Patty Murray got $56,000 or so for supporting TPP. She's running for reelection. floriduck May 2016 #5
Nonsense. n/t pnwmom May 2016 #6
Pay attention, Clintonite! This article only shows her getting about $35,000 or so. I saw a bigger floriduck May 2016 #10
They add up all the individual "corporate" donations -- e.g., Boeing employees, pnwmom May 2016 #18
Which orifice is that coming from? floriduck May 2016 #21
Corporations are barred by law from making donations. And when employees donate pnwmom May 2016 #30
Who is monitoring the FEC? Where does it say these are from employees? floriduck May 2016 #32
Maybe the British newspaper hasn't delved into US campaign finance laws. But this is how it works. pnwmom May 2016 #35
You can't be serious. TwilightZone May 2016 #31
So you don't fly in planes, use MS software, or shop at Amazon? LisaM May 2016 #7
Well, so do I. SusanCalvin May 2016 #9
I do not thik they KNOW what they are talking about fun n serious May 2016 #11
They probably think it takes tax money (it doesn't) Recursion May 2016 #12
On the left it's only Sanders fun n serious May 2016 #13
Not me, FWIW. nt SusanCalvin May 2016 #15
Thank you. fun n serious May 2016 #16
Well, there's nothing I can do in this case except express my opinion, SusanCalvin May 2016 #17
I support Sanders and the export-import bank. lumberjack_jeff May 2016 #33
President Obama said, "Little more than a fund for corporate welfare". SamKnause May 2016 #36
He said that BEFORE the law was amended during his Presidency. Now he strongly supports it. n/t pnwmom May 2016 #37
Thanks for the heads up. SamKnause May 2016 #38
Here's some more info: pnwmom May 2016 #39
Thanks SamKnause May 2016 #40
 

Trust Buster

(7,299 posts)
2. Why wouldn't they ? The greatest beneficiary of the bank are small businesses. Just another
Wed May 25, 2016, 08:30 PM
May 2016

example of Sanders allowing the perfect to be the enemy of the good.

pnwmom

(108,980 posts)
4. And many other businesses all over Washington. Our state is a net exporter,
Wed May 25, 2016, 08:33 PM
May 2016

and the Export-Import bank helps.

pnwmom

(108,980 posts)
19. In what respect? How does Boeing's treatment hurt other Washington businesses?
Wed May 25, 2016, 09:26 PM
May 2016

Our superdelegates represent WA.

NWCorona

(8,541 posts)
27. Yes I was here when they moved. Right after we gave them a sweet tax deal.
Wed May 25, 2016, 09:46 PM
May 2016

I also worked for them of and on.

Where in WA are you? Seattle for me.

trudyco

(1,258 posts)
14. Yep. He explained in a debate. A lions share of the benefits goes to Boeing
Wed May 25, 2016, 09:00 PM
May 2016

Not small businesses.
And Boeing is still pretty big in Washington state.

 

floriduck

(2,262 posts)
5. Patty Murray got $56,000 or so for supporting TPP. She's running for reelection.
Wed May 25, 2016, 08:34 PM
May 2016

It's all a matter of Boeing, MicroSoft, Amazon, etc. We need change here is Washington!

 

floriduck

(2,262 posts)
10. Pay attention, Clintonite! This article only shows her getting about $35,000 or so. I saw a bigger
Wed May 25, 2016, 08:49 PM
May 2016

Number earlier.

"Bennet, Murray, and Wyden – all running for re-election in 2016 – received $105,900 between the three of them. Bennet, who comes from the more purple state of Colorado, got $53,700 in corporate campaign donations between January and March 2015, according to Channing’s research."


https://www.theguardian.com/business/2015/may/27/corporations-paid-us-senators-fast-track-tpp

pnwmom

(108,980 posts)
18. They add up all the individual "corporate" donations -- e.g., Boeing employees,
Wed May 25, 2016, 09:23 PM
May 2016

who all work for the Boeing Corporation, to get those numbers. The numbers are meaningless.

pnwmom

(108,980 posts)
30. Corporations are barred by law from making donations. And when employees donate
Wed May 25, 2016, 09:51 PM
May 2016

$250 or more, they are required to list their employer. Then all those individual employee donations are added up and reported as a "corporate" donation.

http://www.fec.gov/pages/brochures/citizens.shtml

Corporations and Unions

The law also prohibits contributions from corporations and labor unions. This prohibition applies to any incorporated organization, profit or nonprofit. For example, the owner of an incorporated "mom and pop" grocery store is not permitted to use a business account to make contributions. Instead, the owner would have to use a personal account. A corporate employee may make contributions through a nonrepayable corporate drawing account, which allows the individual to draw personal funds against salary, profits or other compensation.

 

floriduck

(2,262 posts)
32. Who is monitoring the FEC? Where does it say these are from employees?
Wed May 25, 2016, 10:45 PM
May 2016

The Guardian doesn't bring this up.

pnwmom

(108,980 posts)
35. Maybe the British newspaper hasn't delved into US campaign finance laws. But this is how it works.
Wed May 25, 2016, 11:24 PM
May 2016

Anytime you hear anything about a candidate getting "donations from Wall Street" or other corporations, this is what it means. All the individual donations of $250 and more have to be added up by the campaigns and reported to the FEC. So when my brother donates $250 to Sanders (his choice, not mine), then my brother has to report that his employer is Boeing. And the FEC adds all the individual donations together and reports it as a corporate donation. But Boeing didn't make that donation. My brother did.

And when you hear about all the donations from Wall Street banks, that will include a donation from my sister, a middle level manager in a bank nowhere near Wall Street, to Hillary.

TwilightZone

(25,471 posts)
31. You can't be serious.
Wed May 25, 2016, 09:51 PM
May 2016

You don't understand the difference between individual employees of a corporation or an industry donating to political candidates and an actual corporation donating to them?

Really?

So, if a pharmacist who works in a family-owned, small-town pharmacy donated $2700 to Bernie Sanders, you're going to say that he's in the pocket of Big Pharma?

This place just keeps getting funnier.

 

fun n serious

(4,451 posts)
11. I do not thik they KNOW what they are talking about
Wed May 25, 2016, 08:54 PM
May 2016

by voting against EX-IM. In all honesty!! I am glad WA is making sure Clinton gets to flip the caucas to primary results.

Recursion

(56,582 posts)
12. They probably think it takes tax money (it doesn't)
Wed May 25, 2016, 08:56 PM
May 2016

It doesn't, but nobody who opposes it seems to understand that.

 

fun n serious

(4,451 posts)
13. On the left it's only Sanders
Wed May 25, 2016, 08:57 PM
May 2016

and it seems his followers did NOT check out the vote for themselves but instead blindly followed.

 

lumberjack_jeff

(33,224 posts)
33. I support Sanders and the export-import bank.
Wed May 25, 2016, 10:48 PM
May 2016

The plug won't be pulled on it without the support of congress.

pnwmom

(108,980 posts)
39. Here's some more info:
Thu May 26, 2016, 01:04 AM
May 2016
https://www.bostonglobe.com/opinion/2015/06/30/president-obama-why-america-needs-export-import-bank/tiUXVEzaUOGAWz7p1asLzM/story.html


https://www.whitehouse.gov/the-press-office/2012/05/30/fact-sheet-president-obama-sign-export-import-bank-reauthorization-act-2

https://www.washingtonpost.com/news/wonk/wp/2014/06/26/candidate-obama-echoing-tea-party-called-ex-im-bank-little-more-than-a-fund-for-corporate-welfare/

The administration now is strongly supporting reauthorization of the bank. I asked the White House how it reconciles its current position with Obama's remarks as a candidate. A spokesman, Eric Schultz, sent over this statement:

Since the President took office, the Ex-Im bank has served an important role in helping firms access financing when private sources of finance dried up as a result of the recession in the beginning of the administration. Since then, the Ex-Im bank has been a vital source for these firms, and is key to helping us achieve our export goals and supporting thousands of businesses across the country large and small. We urge Congress to act to reauthorize the bank.


Pressed further on how Obama explains the change in his views since 2008, the White House added that Congress directed reforms to Ex-Im in 2012 that required, among other things, submitting quarterly reports to Congress about its default rate and submitting Federal Register notice for each transaction over $100 million. It also noted that President Ronald Reagan supported Ex-Im in the 1980s.
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