How the Tea Party Caused a Plane Crash

“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

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