Bailout Alert!: Bush Stooge Boehner Warns 'Thousands Of Jobs' On The Line If Ex-Im Bank Expires

Three generations of imbeciles are enough!
- Oliver Wendell Holmes

(Huffington Post) - House Speaker John Boehner (R-Ohio) said on Thursday that “thousands of jobs” are at risk if one of his own party members does nothing on the impending expiration of the Export-Import Bank.

Boehner’s comments put him at odds with House Financial Services Committee Chairman Jeb Hensarling (R-Texas), who has made clear he wants to let the bank expire.

“Listen I support any plan that the chairman can get through his committee, whether it would reform the bank, wind it down -- but there are thousands of jobs on the line that would disappear pretty quickly if the Ex-Im bank were to disappear,” Boehner said.

The Ex-Im Bank is the nation’s export credit agency, helping companies sell goods and services overseas. Opponents like Hensarling argue the bank essentially promotes “corporate welfare,” propping up big businesses. Proponents of reauthorization, however, say the bank helps U.S. businesses stay competitive in international markets.