Tom Reed supports Export-Import Bank for #NY23

ex-imAccording to news reports, Tom Reed will back reauthorization of the Export-Import bank.

All six House Republicans in the New York congressional delegation, however, back reauthorization, along with all delegation Democrats.

Republican Rep. Tom Reed of Corning said the bank “gives U.S. manufacturing companies the tools they need to make it here and sell it there and keep those jobs here in the U.S.”

“To unilaterally kill the Export-Import Bank would be a huge hit to the competitiveness of American companies,” Reed said.

This view puts Reed at odds with more conservative House Republicans. The article cited notes:

Conservative House Republicans who are blocking a vote on reauthorization — led by House Financial Services Committee Chairman Jeb Hensarling of Texas — say taxpayers shouldn’t be underwriting risky deals that commercial banks won’t. They argue that the Ex-Im Bank is rife with “crony capitalism,” and the free market will operate more efficiently if its charter expires.

tom at cleaners

Tom Reed pretending to work while taking his constituents to the cleaners.

The interests of NY-23 businesses trump conservative principles for Tom in this case evidently. If GOP misleaders refuse to allow a vote, Tom will be spared the embarrassment of having to cast a vote.

 

 
© William Hungerford – August 2014

http://www.pressconnects.com/story/money/2014/08/08/export-import-bank/13810193/

About whungerford

* Contributor at NewNY23rd.com where we discuss the politics, economics, and events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben,Tioga, Tompkins, and Yates Counties) Please visit and comment on whatever strikes your fancy.
This entry was posted in 2014, Congress, Constituents, Economics, Political, Reed's Views and tagged , . Bookmark the permalink.

2 Responses to Tom Reed supports Export-Import Bank for #NY23

  1. josephurban says:

    There are a number of companies in the NY 23 (Storeflex in Corning comes to mind)that benefit from this federally supported socialist program. They have guaranteed exports, guaranteed by the taxpayer. I see nothing wrong with the US taking part in this socialized support system for small business and Tom agrees with me. Socialism is great for small business. Having guarantees is always great. The problem, as I see it , is this. Mr Reed supports government interference and largesse when it comes to helping business, but not when it comes to children, health care, the elderly, schools, etc. ….
    Of course, he is not alone in that regard. Most GOP Congressmen get all the pork they can for the business interests in their districts. And vote against help for individuals. Very consistent in that regard. If only they felt that the working people in their districts mattered half as much as the corporate “persons”.

    Like

  2. Pingback: Export Import Bank 2019 | New NY 23rd

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