Small update on the EX-IM Bank drama. Apparently,
Post# of 22940
Posted On: 05/04/2016 5:11:15 PM
Small update on the EX-IM Bank drama. Apparently, one of Boeing's R&D facilities is located in Huntsville, Alabama...the home state of Sen. Asshat...err....Shelby. 
That facility employs around 300 high tech employees and get this, just opened last June. Boeing has 2,650 current employees in the state.
So, this certainly adds some serious pressure for Sen. Shelby to quite being a horse's butt. I can easily see Boeing threatening to relocate its Alabama facilities and point directly at him as the sole reason. In the world of politics, this is pure gold for Shelby's opponents and adversaries.
Keep in mind that he is up for election this November. That could force him to dig his heels in further though. I'm not sure who the Democrat is that is going to run against him, but they will without a doubt use this against him. They would be stupid not to.
Plus, I am sure Boeing and other deep pockets being adversely affected will be sure to remind him of campaign contributions.....which could go to his challenger.
Lastly, he is 81 years old.
http://www.wtvm.com/story/31869599/turbulence...n-job-loss
http://www.al.com/business/index.ssf/2015/06/...of_ne.html
Other than that, I don't see any updates as to the EX-IM bank impasse any closer to being resolved.
That facility employs around 300 high tech employees and get this, just opened last June. Boeing has 2,650 current employees in the state. So, this certainly adds some serious pressure for Sen. Shelby to quite being a horse's butt. I can easily see Boeing threatening to relocate its Alabama facilities and point directly at him as the sole reason. In the world of politics, this is pure gold for Shelby's opponents and adversaries.
Keep in mind that he is up for election this November.
That could force him to dig his heels in further though. I'm not sure who the Democrat is that is going to run against him, but they will without a doubt use this against him. They would be stupid not to. Plus, I am sure Boeing and other deep pockets being adversely affected will be sure to remind him of campaign contributions.....which could go to his challenger.
Lastly, he is 81 years old.
http://www.wtvm.com/story/31869599/turbulence...n-job-loss
http://www.al.com/business/index.ssf/2015/06/...of_ne.html
Other than that, I don't see any updates as to the EX-IM bank impasse any closer to being resolved.
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Risk comes from not knowing what you're doing.
The investor of today does not profit from yesterday's growth.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
If a business does well, the stock eventually follows.
- Warren Buffett
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