Sunday, October 4, 2015

Walker won't blame Republicans and Rep. James Sensenbrenner for killing 350 jobs at GE.

Democrats and many Republicans in Washington support the Export Import Bank. But the tea party wing of the GOP is hoping to kill the bank completely, oddly claiming now that business handouts are a form of corporate welfare. It's like they don't see what's happening in their own red state legislatures.

For example, Scott Walker was a miserable failure as CEO of the Wisconsin Economic Development Corporation (WEDC). So much so they had to fire him. And while loans were forgiven and lost forever, all the while many jobs were never created or outsourced, that was okay. Yet Republicans in D.C. are claiming to oppose corporate welfare? No wonder conservative voters are all over the map trying to defend their politicians.

Scott Walker was asked about General Electric's plan to kill 350 jobs in the Republican stronghold of Waukesha, moving them to Canada because they have their own EXIM Bank. Not once did Walker mention his party's opposition to EXIM, or how Republican Rep. James Sensenbrenner had a major role in killing jobs in his own district with no blowback:

Huffington Post
Big companies like GE and the many small businesses that are served by the EXIM Bank, to underwrite the sale and purchase of their products considered to "risking" by establishment banks, are pawns of extremist Republican politicians who want to kill the bank in exchange for lower corporate tax rates. Until then, tough luck folks.

That "larger political battle out in Washington" is a Republican game of chicken being played out against American labor for lower corporate tax rates. And as we've seen in GE's Waukesha plant, the family supporting American worker is losing.

On Upfront with Mike Gousha, BizTimes Milwaukee editor Andrew Weiland explained: Almost 200 businesses over the last decade have benefited from the EXIM Bank, accounting for $4 billion of export business activity:

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