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Export Import Bank & the propaganda YOU are paying for to keep it going

9/9/2014

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Hochberg, Ex-Im’s chairman and president, Wanda Felton, the bank’s vice chairwoman, and Patricia Loui, Ex-Im’s board director, led forums throughout August designed to “increase awareness among American small businesses of how the Export-Import Bank can help them boost their exports abroad, while creating jobs here at home,” Hochberg said in a press release detailing the tour. (Tell us oh mighty crony capitalists...how subsidizing ventures that couldn't get funding in the free market is good for the country? Most small businesses would rather you guys LEAVE US THE HE!! alone and come up with ideas that CAN make it in the free market. Not ideas like ENRON!!!! Remember that? When you think of the Export Import Bank...think ENRON!)

The trip came at a time when the bank faced scrutiny for overspending its travel budget by more than $3 (You hear that people? YOU paid for elites to travel? Awesome...where do I sign up?) million since 2012. A review of Ex-Im’s financial statements—available in the bank’s annual reports—found that funds are not allocated specifically for travel, but rather details only “appropriations received.” (Meaning...we got your hard-earned taxpayer funds and we know best what to do with them...suckers!)

Ex-Im’s small business tour came at a time when the bank faced scrutiny for overspending its travel budget by $3 million. ( "its travel budget" CAME FROM WE THE PEOPLE)

During that time, Ex-Im officials took 400 first-class flights both domestically and abroad (look you don't expect them to sit with the peasants do you? These guys are the 1%, thanks to you taxpayers...suckers)  , documents obtained by the Washington Examiner found. Officials flew first class on two domestic flights because of “unavailability of coach class fares or space (Hahahaha, if you believe that, I have a business venture idea that involves some green stuff...can I get a loan from the Export Import Cartel?).” For two others, first class was chosen for “other reasons in the best interest of the bank.” (Other reasons??? hmmmm...let me help you translate that...you mean there is another class of flyers who don't fly 1st class? I never heard of coach tickets...the lady said something about coach and I told her I didn't play sports...I thought she was just making conversation...)

Bank officials denounced claims of Ex-Im’s busting its budget and said the multi-million dollar overages were because of a “mid-year reallocation of funds.” (HAHAHAHA “mid-year reallocation of funds.” ??? reallocation meaning, it was supposed to be spent for something else but OMG you guys didn't expect us to fly with the masses did you? And what about hotels??? We can only think straight in 5-star hotels and the restaurants? These things add up....suckers)

“Funds were reallocated to travel expenses to ensure better monitoring (OMG you do not really expect the people to buy this nonsense do you??? BETTER MONITORING of what??? Your view from 1st class?) and due diligence of Ex-Im’s existing portfolio (your existing portfolio of ventures that would not exist if the Export Import Bank did not exist...and for good reasons like being TOO RISKY to fund?) ,” agency spokesman Matt Bevenstold The Hill.

Read the whole thing here...
http://dailysign.al/1uuMmDx


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