Tuesday, September 29, 2015

Dear Waukesha County. You can send your thank-you notes to 'the crazies' in Congress.

You'll find them listed here.

Photo credit:  U.S. Congress
As quoted in Politico

GE plan to close Waukesha engines plant catches many by surprise.  (Milwaukee Business Journal, 9/28/2015)
Were officials and workers at the GE Waukesha gas engines plant caught off guard? “Absolutely,” the local GE spokesman said, adding that the parent company is “looking at the long-term viability of the company” in light of the U.S. House of Representatives' decision not to reauthorize the U.S. Export-Import Bank. 
Now, GE says it will shut production at the plant within 18 to 32 months as it builds what it calls a “Brilliant Factory” in Canada to secure access to Canadian Export Finance to fill the funding gap.

Editorial:  Congress Should Reauthorize the Export-Import Bank.  (7/29/2015)

The background, briefly
Earlier this year, Tea Party ideologues managed to stop Congress from reauthorizing the Export-Import Bank of the United States, a federal agency that helps American businesses sell their products abroad. Closing down the bank has been an obsession with some conservatives who falsely insist that doing so would curb corporate welfare.

Related reading (in which GE decision is mentioned)
Bid to revive Export-Import Bank gets boost.  (Los Angeles Times, 9/29/2015)

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