Sunday, August 24, 2014

Obama Urges Renewal of US Export-Import Bank



Obama Urges Renewal of US Export-Import Bank
Saturday, 23 Aug 2014 07:18 AM
President Barack Obama is trying to rally support for a taxpayer-subsidized bank that he says creates jobs.

In his weekly radio and Internet address, Obama urges business owners to lobby Congress to renew the U.S. Export-Import Bank.

The bank provides loans, loan guarantees and credit insurance to foreign buyers of U.S. products. But it will cease functioning unless Congress renews its charter before October. Some Republican lawmakers who supported the bank in past years now want to put it out of business.

In the Republican address, party chairman Reince Priebus says there will be less government spending, flexible health care and better education under complete GOP control of Congress. The party needs to pick up six seats in the November elections to win back the Senate.

U.S. Export-Import Bank
Penny S. Pritzker is a director at the Export-Import Bank of the US, a member of the Commercial Club of Chicago, the secretary at the U.S. Department of Commerce for the Barack Obama administration, was the national finance chair, fundraiser for the 2008 Barack Obama presidential campaign, a co-chair for the 2009 Barack Obama inaugural committee, a fundraiser, national co-chair for the 2012 Barack Obama presidential campaign, a contributor for the 2013 Barack Obama inaugural committee, the host for the Barack Obama fund-raising dinner, 7/2/2008, and Craig M. Robinson’s basketball coach for the children's team.

Note: Craig M. Robinson’s basketball coach to children's team was Penny S. Pritzker, and is Michelle Obama’s brother.
Michelle Obama is Craig M. Robinson’s sister, babysat Jesse L. Jackson Jr., and a lawyer at Sidley Austin LLP.
Jesse L. Jackson Jr. was babysat by Michelle Obama, and married to Sandi Jackson.
Sandi Jackson is married to Jesse L. Jackson Jr., and was the VP for Congressional affairs for the Export-Import Bank of the US.
Ex-Rep. Jesse Jackson Jr. gets 30 months in prison
WASHINGTON — Former Illinois congressman Jesse Jackson Jr. was sentenced to two and a half years in prison Wednesday for using $750,000 in campaign money for living expenses, trips and luxury goods — a stunning fall for a once-rising political star from a famous family.
Jackson and his wife, Sandi Jackson, treated campaign funds as a "personal piggy bank," U.S. District Judge Amy Berman Jackson told the Democrat, who represented Chicago's South Side for 17 years. "There may be gray areas in campaign finance. This case did not come near to those areas.
"As a public official, you are supposed to live up to a higher standard of ethics and integrity," said the judge, who is no relation to the former congressman.
Sandi Jackson received a one-year prison term.
Barack Obama was an intern at Sidley Austin LLP.
R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.
Newton N. Minow is a member of the Commercial Club of Chicago, and a senior counsel at Sidley Austin LLP.
Sidley Austin LLP was the lobby firm for the General Electric Company.
General Electric Company gets export financing support from the Export-Import Bank of the US.
Jeffrey R. Immelt was the chairman & CEO for the General Electric Company, and was the chairman for the President's Council on Jobs and Competitiveness.
Penny S. Pritzker was a member of the President's Council on Jobs and Competitiveness, the national finance chair, fundraiser for the 2008 Barack Obama presidential campaign, a co-chair for the 2009 Barack Obama inaugural committee, a fundraiser, national co-chair for the 2012 Barack Obama presidential campaign, a contributor for the 2013 Barack Obama inaugural committee, the host for the Barack Obama fund-raising dinner, 7/2/2008, Craig M. Robinson’s basketball coach for the children's team, is a member of the Commercial Club of Chicago, the secretary at the U.S. Department of Commerce for the Barack Obama administration, and a director at the Export-Import Bank of the US.


                                                                                                                               

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