Posted on 07/24/2015 2:56:15 PM PDT by Isara
In a fiery floor speech Friday, Sen. Ted Cruz (R-Texas) railed against a seemingly obscure agency he derided as "corporate welfare" for our nation's biggest corporations.
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Supporters say the bank helps level the playing field for U.S. companies against competitors in Europe and China, who get significant help from their governments. Detractors call the bank crony capitalism that mostly helps big business.
But really, as Cruz's speech showed Friday, the bank has become a proxy battle for something else entirely: Government's place in business. And it appears those who want government out of business have won this battle -- for now.
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My colleague, Philip Bump, wrote Cruz's speech Friday was perfectly timed to fit the endorsement of prominent conservative celebrity Brent Bozell, and the "Washington cartel" and corporate welfare have been a major theme of his campaign.
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Pro-business and Republican-leaning groups like the Chamber of Commerce are lobbying heavily on Capitol Hill to keep it. And they're surprised that this is even an issue they have to lobby so hard for: The relatively obscure bank has always had its critics, but it's never risen to such a prominent debate before.
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That will throw at least a little wrench in the U.S. business community, but its impact is more notable in the political realm. The bank's (possibly temporary) expiration is a huge win for the right wing of the Republican Party like Cruz & co. They've succeeded in convincing the highest levels of government that the bank is a symbol of big government and has to go. The war on the Ex-Im Bank is the beginning of the end for government welfare programs that don't abide by the free market, they hope.
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(Excerpt) Read more at washingtonpost.com ...
Quick call art vandalay, he’s into import and export
The people need to MUG the federal government and steal it’s wallet..
filled with, you know..... the money they stole from “ US “..
Uncle Sam is a mafioso.. and Lady Liberty is his moll.
JAIL is way way too good for both of them..
Americans are fed up with the political status quo,
especially from left-leaning GOP Fedzillacrats who want to
feed us cow dung while telling us its a cheeseburger.
--Ted Nugent
Red faced Turtle Ticked off at Ted Cruz Mitch Mctraitor must be impeached.
Freaken liars !!!! All of them.
They lied to us in 2010, they lied to us in 2014.
Red face , pissed off at Ted Cruz ( good ) Turtle neck big fat liar Mitch McConnell.
Glad Ted Cruz stood up to the truth and talked about it on Rush Limbaugh’s show today.
Ted Cruz explained on Rush’s show today that he was wrong in voting for the trade vote the first time, and he explained that his very own staff was right, Ted Cruz said his staff told him that they ( Mitch and the GOPe leadership ) were lying to Ted Cruz.
He learned a valuable lesson, listen to your staff when they tell you things things.
I fault Ted Cruz for being to trusting of the GOPe leadership.
If he knew then ? What he knows now ? He would have never voted on the first vote of Obamatrade.
Good write up BTW.
I am so flipping mad my sholes of my shoes are flapping.
Wonder how much of a piece of the pie he was promised if he got this thing passed ?
That is what should be investigated by the ethics committee.
I won’t be surprised if we find the Export-Import Bank being used to finance Iran’s purchase of new Boeing airliners once the sanctions are lifted. There’s big money in all these dirty deals between corporate cronies and crony politicians. I think that’s why it was worth it to Mitch to backstab the conservatives, in his mind they’ll be gone soon.
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