Here's another Obama move you should be quite leery of if you value your freedom and sanity.This from the Peterson Institute of International Economics.
WHITE HOUSE MAKES ANOTHER EX-IM MOVE: The Obama administration
late Friday made another play at getting the Export-Import Bank fully
operational again by nominating Claudia Slacik, a former senior vice
president for export finance at the bank, to the agency’s board of
directors.
With the nomination, two officials are now awaiting approval by the
Senate Banking Committee to fill open seats on the bank’s board.
Committee chairman Richard Shelby (R-Ala.) has so far refused to act on
Obama’s previous nomination, Mark McWatters, leaving the bank’s
five-member board with only two seats filled. Without a quorum of at
least three members, the bank has been unable to approve deals worth
more than $10 million. Slacik, who worked at Ex-Im from 2013 until May
of this year, previously worked for JP Morgan and Citigroup, the White
House said.
politico.com/tipsheets/morning-trade/2016/09/peterson-institute-trumps-trade-proposals-horribly-destructive-obama-continues-courting-gop-establishment-on-tpp-white-house-makes-another-ex-im-
The last thing you want if you value your your sovereignty and independence is the Ex-Im bank to return to being fully operational. This is a topic that came up earlier this year. This is a bank in the name of free trade that subsidizes multi-billion dollar corporations like General Electric and its CEO and close Obama friend, Jeffery Immelt.
The Peterson Institute is a Washington-based think tank sump masquerading as a nonpartisan outfit. Check out its board of directors and other close associates. It reads like a whose-who list of globalists. One thing we all no in Washington there is no such thing an a nonpartisan outfit. Big Pharma reportedly has 5,200 lobbyists there.
Note
the arrogance just oozing from the opening paragraph of this second article on the same subject. It's as if the world would stop turning if this elitist didn't share his brilliance with the rest of us. If you like GMOs you'll love these people.
For months Steph Haggard has been on my case to write about Donald
Trump, the political economy of trade, and KORUS. I counselled patience,
but he got so frustrated that he even took a shot himself. Good things come to those who wait, and today we unveil the Big Kahuna.
For the last few months, Gary Hufbauer, Sherman Robinson, Tyler Moran
and I have been working on an analysis of the two major presidential
candidates.
In our report,
we take Hillary Clinton to task for her opposition to TPP. We think
that such opposition is wrong on both economic and geopolitical grounds
and is not in the best interests of either the United States or South
Korea. But as any American with a cable TV subscription knows, Secretary
Clinton’s opponent, Donald Trump, takes her reticence on trade policy
to new radical depths. Trump has advocated punitive sanctions on Mexico
and China, at times advocating firm-specific tariffs (which are
historically unprecedented, illegal, and probably unconstitutional), has
talked about abrogating “disastrous” free trade agreements (including
that “job-killing” KORUS agreement, which along with NAFTA, he seems to
regard with particular ire), and even talking about withdrawing from the
WTO which could undo 80 years of economic diplomacy and plunge the US
back into the Smoot-Hawley world of the 1930s. When asked about trade
wars, he insouciantly replied “who the hell cares about a trade war?”
piie.com/blogs/north-korea-witness-transformation/how-donald-trump-could-terminate-job-killer-korus
The institute chairman is
Peter G. Peterson, former chairman of the
Council on Foreign Relations, former
United States Secretary of Commerce, and one of the founders of the
Blackstone Group. Vice chairman is
United Technologies Corporation Chairman,
George David.
Other prominent members of the institute's board of directors include:
- Leszek Balcerowicz, former Chairman of the National Bank of Poland;
- Ronnie Chan, Chairman, Hang Lung Properties;
- Chen Yuan, Governor of the China Development Bank;
- Jessica Einhorn, Dean of the Paul H. Nitze School of Advanced International Studies;
- Mohamed A. El-Erian, Co-CEO and Co-CIO, PIMCO;
- Stanley Fischer, Governor of the Bank of Israel;
- Jacob A. Frenkel, Vice-Chairman of American International Group and former Governor of the Bank of Israel;
- Maurice R. Greenberg, former CEO of American International Group;
- Carla A. Hills,
Chairman, Hills & Company; former United States Trade
Representative; former Secretary of Housing and Urban Development;
former Assistant Attorney General of the United States;
- Lee Kuan Yew, former Prime Minister of the Republic of Singapore;
- Reynold Levy, President of Lincoln Center for the Performing Arts;
- Paul O'Neill, former United States Secretary of the Treasury;
- David O'Reilly, Chairman of Chevron Corp.;
- Peter R. Orszag, Vice Chairman of Citigroup and former director of the Office of Management and Budget;
- James W. Owens, Chief Executive of Caterpillar Inc.;
- David Rockefeller, former chairman of Chase Manhattan Bank;
- Edward W. Scott, cofounder of BEA Systems;
- Lawrence Summers, former United States Secretary of the Treasury;
- Jean-Claude Trichet, former President of the European Central Bank;
- Laura D'Andrea Tyson, former Chairman of the President's Council of Economic Advisors;
- Paul Volcker, former Chairman of the Federal Reserve;
- Marina v.N. Whitman, Professor of Business Administration and Public Policy at the Ross School of Business;
- Ernesto Zedillo, former President of Mexico.
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