Shelby blocks Export-Import Bank nominee
In a move that is preventing the recently renewed Export-Import Bank from functioning, Senator Richard Shelby (R-Alabama) has been blocking the nomination of a new board member.
Until the board position is filled, the bank cannot finance any deals greater than $10 million, which essentially prevents it from doing much.
I find this story quite surprising. It says that Shelby has opposed the Ex-Im Bank because he considers it the worse form of “crony capitalism”. Yet, Shelby is also the king of aerospace pork, pushing NASA to fund SLS (thus pouring money into Alabama and the Marshall Spaceflight Center), despite the fact that SLS is a gigantic boondoggle that will never accomplish anything in space.
I suspect that Shelby’s real goals are twofold: 1. He doesn’t like the deals the bank has been financing, and wants to apply pressure on them to instead give deals to his own corporate buddies. 2. He is trying to extort campaign contributions from the parties involved.
Sadly, I can’t believe for an instant that Shelby has altruistic motives.
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In a move that is preventing the recently renewed Export-Import Bank from functioning, Senator Richard Shelby (R-Alabama) has been blocking the nomination of a new board member.
Until the board position is filled, the bank cannot finance any deals greater than $10 million, which essentially prevents it from doing much.
I find this story quite surprising. It says that Shelby has opposed the Ex-Im Bank because he considers it the worse form of “crony capitalism”. Yet, Shelby is also the king of aerospace pork, pushing NASA to fund SLS (thus pouring money into Alabama and the Marshall Spaceflight Center), despite the fact that SLS is a gigantic boondoggle that will never accomplish anything in space.
I suspect that Shelby’s real goals are twofold: 1. He doesn’t like the deals the bank has been financing, and wants to apply pressure on them to instead give deals to his own corporate buddies. 2. He is trying to extort campaign contributions from the parties involved.
Sadly, I can’t believe for an instant that Shelby has altruistic motives.
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either. IMPORTANT! If you donate enough to get a book, please email me separately to tell me which book you want and the address to mail it to.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
On board with that entire thought.