The Export-Import Bank is a hoary, old financial institution with the purpose of facilitating American exports by providing financing or guaranteeing loans for cross-border transactions in which the private sector declines to participate.
There’s a hint there.
It may be that such government involvement might have done some good in the bad, old days before widespread free trade agreements. It may be, too, that tariffs were a good idea a long time ago. Or maybe not.
Free trade agreements signed since those days have facilitated lower prices, more freely moving “factors”—economist-speak for the goods that companies take in and process into goods that they then sell—and more freely moving labor.
In total, VA hospitals reported 23 deaths due to 76 instances of delayed care, an April 2014 VA fact sheet said. Then on June 5, Acting Veteran Affairs Secretary Sloan Gibson revealed that at least 18 Phoenix patients died while waiting for treatment on a secret list kept off the books. It is not clear if that number is in addition to the 23 deaths reported earlier.
Here are some graphs of how well President Barack Obama’s regulations and economic policies have been working since he exploded our national debt with his “Stimulus” package in 2009. The graphs come from Southern Methodist University Cox School of Business’ Maguire Energy Institute.
First, the sad classic graph of how the Obama Recovery compares with past recession recoveries. It speaks for itself.
This graph shows the total number of Americans still unemployed—the flip side of the number of Americans who actually have jobs.
A study prepared by the SMU/Cox’ Maguire Energy Institute for the Consumer Energy Alliance has some interesting data from the Keystone XL leg that connects Cushing, OK, with Nederland, TX (built because it’s a purely domestic leg and so did not require President Barack Obama’s personal approval). The figure below presents a map of the pipeline and some proposed adjuncts to it. The Gulf Coast Project is the section of the Keystone XL pipeline project that connects the two towns, and it was open for business last January, so the empirical data are current.
We’re booming now, in our post-Panic of 2008 recovery, so much so that the Fed lowered its expectation for the US’ 2014 GDP growth to 2.2%—a sharp reduction of their 2014 estimate of just three months ago of 3%.
Oh, wait—did I say “booming?” Hmm….
As a beer ad once said, with a different slant, it doesn’t get any better than this. Not with Democratic policies.
The Canadian government has approved a proposed pipeline to the Pacific Coast that would allow Canada’s oil to be shipped to Asia.
This is oil that would be flowing to American refineries through a pipeline that would be up and running today, if the Obama administration hadn’t stonewalled the Keystone XL pipeline proposal all these years.