Mick Mulvaney, Jeff Duncan Stand Against “Boeing Bailout”
TIM SCOTT, TREY GOWDY AND JOE WILSON CAVE …
Aircraft manufacturer Boeing received more than $900 million in taxpayer-funded incentives to build its new facility in the South Carolina Lowcounty. On top of that, the company gets billions of dollars each year in federal contracts.
In other words, it’s safe to say that government at all levels has done more than its share to help this company out.
Of course Boeing wants more … specifically, it wants taxpayers to continue subsidizing government loans to foreign companies that buy its planes – loans which give these foreign companies an unfair advantage over U.S.-owned air lines (thus reducing competition and raising travel prices).
We’re talking, of course, about the U.S. Export-Import Bank – which is nothing but a government-sponsored line of credit for Boeing (as well as another example of the federal government picking winners and losers in the global economy).
Anyway Boeing – which recently decried the thuggish tactics of U.S. President Barack Obama’s National Labor Relations Board (NLRB) – engaged in all sorts of threatening behavior in its efforts to push through a three-year reauthorization of the bank (and an increase in its borrowing capacity from $100 to $140 billion).
Specifically, it used “Republican in Name Only” politicians like U.S. Sen. Lindsey Graham and Gov. Nikki Haley to alternately bully and bullshit elected officials into supporting the bank’s expansion.
To his credit, U.S. Sen. Jim DeMint stood in staunch opposition.
“For every company that benefits, there are a dozen competitors who suddenly find themselves at a disadvantage in the marketplace,” DeMint explained.
At the federal level, only two of our state’s six U.S. Representatives had the guts to stand firm on behalf of the taxpayers and the free market – Mick Mulvaney and Jeff Duncan.
“Tea Party” favorite Tim Scott? He caved. So did the usually reliable Trey Gowdy and U.S. Rep. Joe Wilson.
At the state level, only two S.C. Senators – Lee Bright and Tom Davis – had the guts to vote against a resolution supporting the Ex-Im Bank.
Mulvaney, Duncan, Davis and Bright deserve tremendous credit.
“That took guts,” one politico told FITS. “This was an acid test for who really stands for free markets and who is just posing.”
Including Mulvaney and Duncan, ninety-three Republicans voted against reauthorizing and expanding the bank. However nearly 150 “Republicans” – including Scott, Gowdy, Wilson and so-called “GOP Leader” Eric Cantor – voted to keep the crony capitalism flowing.