Trump was ready to get rid of Export-Import Bank - until a CEO explained to him what it actually...

[DonViejo]

Source: RawStory




Trump was ready to get rid of Export-Import Bank - until a CEO explained to him what it actually does

TOM BOGGIONI
14 APR 2017 AT 12:36 ET

Ammong the promises Donald Trump made on the campaign trail, the now-president vowed to get rid of the Export-Import Bank calling it “unnecessary,” and saying it was used for “featherbedding” wealthy corporations.

Now, however, Trump has had a change of heart because the CEO of Boeing — which benefits greatly from the bank — pulled him aside and explained how it works, reports the Wall Street Journal.

In a piece explaining how Trump’s policies are either being shaped by business leaders or completely flipped, the Journal claimed that Boeing Co. CEO Dennis Muilenburg met with the president and explained the importance of the Export-Import Bank of the United States, which allows overseas customers to receive government-backed loans in order to purchase U.S. goods.

Following the meeting, and after speaking with several lawmakers who also supported the bank, Trump reversed course, agreeing to fill several spots on the bank’s board which require a presidential nomination.




Read more: http://www.rawstory.com/2017/04/trump-was-ready-to-get-rid-of-export-import-bank-until-a-ceo-explained-to-him-what-it-actually-does/

[Mr. Evil]

1. Nothing like on the job training. Who knew?

Presidunce Trump.

[GWC58]

2. But, but, but..............

Trump is brilliant about such things. Or so we've be told.

[underpants]

3. Yeah Mr. Financial whiz gets his newz from Fox News

Getting rid of the I-E Bank is a big talking point for them. Explaining what it does and how it's financed is a real "well that was a waste of time and energy" moment when those dolts get actual facts.

[PoliticAverse]

4. Yes Trump does love the idea of privatizing profits and socializing losses. Not surprising

he flipped on this.

[keithbvadu2]

5. Another campaign promise that turns out to be a lie.

[FakeNoose]

7. If only the media had been doing their job

If they had, people would have seen that Trump didn't know his ass from a hole in the ground.
All the media ever did was ask Hillary about those ridiculous emails.

Do you think the media will ever learn how to ask questions again, after this?

[elleng]

6. How it works,

imagine THAT!

[riversedge]

8. and the media is mostly clapping their hands because Donald is learning!! sick