Hundreds of jobs are being relocated overseas or lost altogether as a result of the June 30 expiration of the Export-Import Bank — with no relief in sight as a gridlocked Congress is unlikely to reauthorize it anytime soon.
General Electric announced Tuesday that will move 500 U.S.-based jobs to Europe and China because the agency’s expiration means it has to seek export financing credit elsewhere. Boeing, meanwhile, blamed the collapse of a second satellite deal on the loss of credit and said it will likely result in the loss of hundreds of jobs by year’s end. MORE
No one likes a pathological liar, especially one who accuses his opponent of
lying about the lying. The Romney’s campaign latest attack on Obama has been to
accuse the President of lying about Romney’s involvement in outsourcing jobs
while at Bain Capital. His defense has been to claim that the outsourcing
occurred after he left […]
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