One thought on “Pessimism

  1. “What can go wrong, will go wrong.” For example in 2008 Obama said that the Export-Import Bank (Ex-Im Bank) was “little more than a fund for corporate welfare.” Others call it the “Boeing Bank” because Boeing receives 40% of all the credit activity done by the Ex-Im Bank. 76% of the Banks ‘loans’ go to just 10 countries including China and India. The Ex-Im Bank’s charter expires on Sept. 30. What has gone wrong that will go wrong is that now Obama supports renewing that charter. So do lots of Democrats including Hillary and Bill Clinton. Progressives believe that the Republican Party is the party of Wall Street and Big Business (1%). But it’s clear that many in the Democratic Party are also pro-Wall Street. Especially the Clintonite wing of the Democratic Party.

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