“Cantor’s defeat rocked shares of Boeing. The aircraft manufacturer is down 4% since Cantor’s loss, and continues to sink lower. Why Boeing? That’s where this tale of crony capitalism gets interesting. Cantor was the #1 congressional supporter of the Export-Import Bank (Ex-Im), a little-known federal agency whose ostensible purpose is to encourage US exports. Ex-Im makes or guarantees loans to foreign companies, which use those loans to purchase US products. Without Cantor’s support, Congress may pull the plug on Ex-Im. That would be good news for taxpayers and the airline industry, but terrible for Boeing.”
http://www.caseyresearch.com/cdd/how-the-tea-party-caused-a-plane-crash
Related posts:
Vladimir Putin's Message To Obama
US and the Chalabi-ization of Syria
Sweden abandons bid to lift EU snus export ban
California Considers $1,000 Fine for Waiters Offering Unsolicited Plastic Straws
25 Quotes About The Coming War With Syria That Every American Should See
Silent Circle, Lavabit launch “DarkMail Alliance” to thwart e-mail spying
An upcoming short documentary on the rise of Bitcoin in China
Singaporean photographer Leslie Kee arrested for selling art book containing uncensored genitalia
Facial recognition will identify people whose faces are covered
Glenn Greenwald on The Next 4 Years with Obama and Journalism Tips
West Coast of North America to Be Hit Hard by Fukushima Radiation
White House chef says future food to be made from chemicals, not real food ingredients
Burn Pits’ Legacy: ‘Delay, Deny, Hope They Die’
One Man's Terrorist
Aaron Swartz is Dead, Now White House Adjusts Rules