Import and export banks become a political game victim
 Logging in to the website of the US import and export bank, is an eye-catching prompt of "the management rights has been invalid", which seems to express a silent protest.
Due to the obstruction of the Conservative Republican Members, the US Congress failed to approve the management of import and export banks before the deadline of June 30, which has an official export credit agency with 81 years since this month. The new credit business is facing the crisis of "closing the door" and has become the latest victim of the American political game.
The US Import and Export Bank was originally created by President Franklin Roosevelt in 1934, mainly to provide foreign companies in the United States with US government’s low-interest loans or loan guarantees to promote US exports 爱上海同城论坛新地址 and increase employment. As an independent federal organization, US import and export banks cannot compete with the private sector, and can only provide financing services in the premise of commercial banks that cannot or unwilling to take political or business risks, and need to be authorized by Congress.
From Roosevelt to the current President Obama, import and export banks have been supported by the 13 consecutive US president, Obama is a core member of the "Export Cabinet" agency and an important pillar of five-year export multiplier.
US Democracy, the Republican Party has always supported import and export banks. In the past 81, the bank’s management rights have received continuation of Congress for 16 consecutive times. The last three-year licensed business period is 2012 to 2014, and later 上海静安区快餐小妹电话 extended to June 30 this year. However, with the US society’s right-wing "tea party" forces, in the 2010 National Congress, the government has protruded, and helping the Republican parties to regain the control of the House of Representatives, the import and export banks began to become the "free economy" and practice "small government" concept. Key attack targets. They criticized the import and export bank’s preferential loan mechanism distorted market pricing, violating the competition concept of the free market, often benefiting large companies, there is a "skirt capitalism", calling for "shut down" to import and export banks.
The main reason why the conservative selection from import and export bank is that as long as the Congress does not act, it can achieve a goal, which is much more easily compared to the approval of new legislation. In June last year, the House of Representatives (Republican) leader Eric Cantto, in the first election of the Ericanian party, the famous tea party "Black Ma", the economics professor David Black, then Resigning the majority of the party leaders, triggered the "earthquake" of the US politics, and became an important turning point for the fate of import and export banks. Canto was the main supporter of import and export banks, which played a key role in the 2012 Congress approved the legislation of the bank’s management rights.
Siping of the former car, voted to support the operation of import and export bank, Kevin McCati, who succeeded in Canto, soon shunned the position of the import and export bank. McChazi is previously responsible for the number of people who are in writing to the party’s votes, knowing that each Republican Membership is the attitude of import and export banks, and the influence of the conservatives within the Republican Party. Jayb Humbosalin, which is responsible for supervising the import and export bank, is also a typical Tea Party representative, will close the import and export bank as an important performance goal, which further contributes to the influence of the import and export bank forces. It is worth mentioning that McCarthy and Hensalin are considered a strong competitor of Bona, which is deemed to take the House of Representatives, worrying about the support of the import and export bank and the opponent is profitable is also McCarthy. reason. Lack of support for the House Financial Services Committee and most of the party leaders, import and export banks must be quite difficult in the House of Representatives. At present, the Obama government and the US Chamber of Commerce are actively lobbying members of the Congress to support the import and export banks continue to operate, because providing low-interest credit support for domestic export companies is an international practice. At present, there are 85 export credit institutions similar to US import and export banks around the world, and the import and export bank will make US companies in disadvantageous competitive position.
US Vice Fortuna Hidden Hitz warned that closed import and export banks will not only make US enterprises to export and employment damage, but also weaken the influence of the US Treasury in the development of global export credit financing rules. The white house data shows that the import and export bank has provided financing support for US goods and service exports worth more than 20 billion US dollars, supporting more than 1.3 million US private jobs. Analysts pointed out that the failure of the management shall not affect the loan business of the US import and export banks, but some American companies seek new overseas transactions may suffer difficult. In the industry, the US air transport industry estimates the most affected, about 45% of the US Import and Export Bank is used in the air transportation industry; from enterprises, Boeing is the largest impact, the financial crisis has been imported from the United States Funded aircraft sales accounts for about 30% of the total spending of Boeing. Fred Hochberg, CEO of the US Import and Export Bank, said that the bank’s existing funds guarantee full operation to the end of September this year.
If the US Congress has not approved the management of import and export banks, the bank may have to prepare layoffs and order clearing. All the texts, pictures, audio and video manuscripts, and electronic magazines such as "Economic Reference News" or "Economic Reference Network" are copyrighted by the Economic Reference News. Any form publishing and playing.