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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