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August 29, 2015      10:33 AM

SB: Texas is officially sending mixed signals to business

General Electric reportedly drops Dallas as possible site for its HQ; Sen. Cruz and crew complicate the efforts of Gov. Abbott to attract jobs

General Electric reportedly delivered a blow to Gov. Greg Abbott’s economic development efforts on Friday as Bloomberg let us know that GE “dropped the Dallas area as a site for a possible headquarters move because of concern that Texas’s political climate is unfavorable to the company’s business.”

The specific problem is Sen. Ted Cruz and his allies’ fight against the Export-Import Bank, the report said. General Electric is a huge exporter as are many Texas businesses.

During the same speech on the US Senate floor in which Sen. Cruz called the leader of his party in the chamber a liar, Cruz said that average folks have no clue what the Ex-Im Bank even is. “The what?” is what he claimed average folks would say. Cruz pointed to one other senator as someone he could applaud for their stance on the issue: Self-proclaimed socialist Sen. Bernie Sanders.

By Scott Braddock