Ex-Im Bank

Ex-Im Bank Weakens American Capitalism

One of the policy fissures in the Republican Party is over business subsides, and the current debate about the Export-Import Bank illustrates the conflict. The Ex-Im Bank is one of many corporate welfare or crony capitalist programs that litter the federal budget. The Bank’s authorization runs out in September, and so Congress must act if it wants to extend the operations of this business subsidy machine.

New Essay: Ending the Export-Import Bank

Downsizing Government has added a new essay on ending the Export-Import Bank, which subsidizes the financing of U.S. exports. Author Sallie James argues that the Ex-Im Bank creates economic distortions and mainly benefits large corporations that can obtain their own private financing.

Freshman Republicans Switch from Tea to Kool-Aid

This week the Club for Growth released a study of votes cast in 2011 by the 87 Republicans elected to the House in November 2010. The Club found that “In many cases, the rhetoric of the so-called “Tea Party” freshmen simply didn’t match their records.” Particularly disconcerting is the fact that so many GOP newcomers cast votes against spending cuts.

When Bipartisanship is a Dirty Word

In a blog post I wrote about two years ago, I said “Usually when I hear that a policy proposal has bipartisan support, I instinctively check for my wallet.” At that time I was lauding a bipartisan proposal to shut the USDA’s market access program (although it seems that idea didn’t get much traction) under the heading “When Bipartisanship Is Good News.”

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