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As the Republican Congress moves forward on a defense policy bill that seeks to increase military spending using an “off the books” solution, the president has picked up momentum in his veto threat of this approach. House Minority Leader Nancy Pelosi already announced that she will actively whip against the legislation this week as the bill hits the House floor.
It seems reasonable to ask whether letting the bank die will make matters any better for those US exporters who live in a world in which, many, if not most, foreign competitors still live by the Groucho Marx maxim: “The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made.”
The Air Force must select the best offer, but it won’t necessarily mean choosing the best design—which, in any case, will be tough to pick; this is more than rocket science, it’s even-more-challenging bomber science—or the lowest price. And the chances of the worst possible outcome—where the Air Force makes a fevered bomber decision thanks to external budget pressures—are not insignificant.