I’m truly enjoying Dallas except for one thing — the doggone traffic! I’ve been told it’s estimated 1,000 people move to Texas per day. Wow. And here in the Dallas/Fort Worth metroplex, you see new construction as more major corporations move to the Lone Star State. Just up the road, we have Toyota headquarters moving to Plano from California. Now of course, one thing Texas must ensure is that these folks coming here from California, or the other failed blue states, understand why they’re moving to Texas.
All over the United States, people and businesses are voting with their U-Hauls. Americans are seeking states with economic opportunity, and Texas is a leader in that category. In Texas, the tax and regulatory environment is welcoming and individual liberty is preeminent — and that’s why traffic’s intense.
However, a certain American corporation just shunned Dallas as a choice to establish its new headquarters — and the reason why is very telling.
As reported at Roll Call:
With the Export-Import Bank’s charter now expired for two months and counting, pro-Ex-Im businesses are putting new pressure on the House Republicans behind the effort to shut down the federal credit agency.
General Electric has dropped Dallas from a list of prospective sites for a new corporate headquarters as punishment for some Texas lawmakers who oppose the bank, Bloomberg News recently reported.
That retribution, meant to embarrass Republicans — most notably Financial Services Chairman Jeb Hensarling [a good friend and former colleague], a Dallas conservative who is probably Ex-Im’s greatest enemy in Congress — isn’t exactly being shrugged off.
Hensarling spokesman Jeff Emerson told CQ Roll Call on Monday that, “Most companies base important decisions like this on low taxes, a skilled workforce, a fair legal system and quality of life, which is why everyone knows there is no better state to do business in than Texas.”
“But if they are really basing their decision on the fact that members of the state’s congressional delegation are opposed to one small federal agency,” the spokesperson continued, “then they are going to have to bypass pretty much every state, including Georgia.”
(Georgia was most likely singled out because Atlanta is said to be on the list of potential sites for a new GE headquarters.)
I’ve written and expressed my opposition to the renewal of the Export-Import bank, which you can read here. During my time in Congress, I voted against its renewal. The Ex-Im bank is an example of what ails our economy — crony capitalism. It’s nothing more than corporate welfare and represents all that’s antithetical to the free enterprise system. It’s the crack cocaine dealer that’s been providing its addictive product to certain corporations. The Ex-Im Bank is no different than the Federal Reserve artificially keeping interest rates low in order to placate Wall Street — another dangerous violation of free enterprise economics.
Interesting that General Electric (GE) is the company throwing a little temper tantrum because some Republican members of the US House of Representatives from this Dallas/Fort Worth area don’t believe American taxpayers should be providing largesse so corporations can sell their products in foreign markets. This is the same company who once paid no corporate taxes. It’s the company whose CEO, Jeff Immelt, was once chairman of President Obama’s jobs council — y’all remember, “shovel ready,” right?
And if GE thinks it’s embarrassing my friend Rep. Jeb Hensarling, nothing could be further from the truth. Chairman Hensarling is to be commended for taking a principled policy position, standing up for an opportunity economy and the American taxpayer’s freedom.
What I find most interesting is the liberal progressive left’s professed mantra that the GOP is the party of big corporations — can someone explain that to me? It seems to me that these GOP House members are standing up for the small business owner, for the middle-income American. Am I missing something here?
It’ll be interesting to see what the liberal media says about this occurrence — will they try and blame Hensarling, when he should be commended?
Funny, read what a local Dallas Democrat had to say:
Democrat Marc Veasey, who represents some parts of West Dallas, said he was “deeply disappointed that House Republicans have again chosen partisan politics over improving the lives of our hard-working middle-class families.
“General Electric’s decision to not relocate their headquarters to Dallas means a loss of tens of thousands of well-paying jobs and is a devastating blow to our local economy,” Veasey said in a statement to CQ Roll Call.”
So it’s damned if you do and damned if you don’t with these liberal progressives. These House Republicans stood against corporate welfare and crony capitalism and they get blamed? And who is the party of the “little guy”?
As Roll Call notes:
Hensarling may only have a small slice of Dallas in his district, but the GE slight seems aimed at punishing the Financial Services chairman for his persistent and powerful opposition to Ex-Im.
For years, Hensarling has led the charge against the export-credit agency, whose charter expired on June 30. But it’s been a recent development that businesses and political groups start going after Ex-Im opponents.
GE has stopped giving to a number of lawmakers who are opposed to Ex-Im, most notably: GOP House Majority Leader Kevin McCarthy [another good friend and former colleague].
GE wasn’t happy with me when I voted against them getting a non-compete for the F35 engine, after the contract had already been awarded; I didn’t make their Christmas card list.
The same can be said for Boeing — another large corporation, who based on a recent Congressional Research Service paper, could end up selling its products to Iran — which is the biggest direct beneficiary of Ex-Im. Other groups are taking an even more aggressive approach, trying to seemingly punish all members of Congress until the bank is reauthorized. The National Association of Manufacturers has halted all political fundraisers to “prioritize” its resources to getting the Ex-Im Bank reauthorized. Those postponed fundraisers will take dollars away from members who support Ex-Im, which might motivate those members to pressure their anti-Ex-Im colleagues — and GOP leadership — to support a vote on the embattled credit agency. And remember, the credit is on the backs of the American taxpayer.
Just FYI, here are the positions of other Dallas members of the House of Representatives:
An aide for Republican Kenny Marchant, who represents a small sliver of North Dallas, told CQ Roll Call that Marchant opposes Ex-Im and would associate himself with the statement from Hensarling’s office that Texas is a great place to do business.
The office of Republican Rules chairman Pete Sessions, who has supported Ex-Im in the past, declined comment, and a request for comment from the office of Democrat Eddie Bernice Johnson, who represents most of South Dallas, went unanswered.
It’s very simple: we need men and women who will stand up to the corporate special interests and end the practice feeding them from the government trough. House Majority Leader McCarthy and House Financial Services Chairman Hensarling did exactly that. The response? In typical DC fashion, attempts to embarrass and bring pressure by way of withholding political contributions.
These fellas did what’s right, and I think a simple phone call to their offices to say “Steadfast and Loyal” is warranted.
You won’t hear the mainstream liberal progressive media talking about Republicans taking on big corporations and special interests on behalf of the taxpayer. That’s why I wanted to amplify it here.
Folks are bringing their businesses to Texas because the free enterprise economy works here. GE can so somewhere else and find folks who will suck up to them — and that better not be in my birth State of Georgia. I am watching.