How Senator McConnell Is Working to Raise the Ex-Im Bank from the Dead

Now Mitch McConnell (R) is joining Harry Reid (D) and other big-government liberals to reauthorize Ex-Im.

How Senator McConnell Is Working to Raise the Ex-Im Bank from the Dead

Ed. Note: Export-Import Bank was allowed to expire for a host of good reasons summarized best by The Cato Institute: Ex-Im 1) has not caused US prosperity, 2) has imposed costs larger than any alleged benefits, 3) has not corrected market failures, 4) has rewarded foreign countries for not adopting market-oriented policies and institutions, and 5) affects only an extremely small percent of US exports. Cato says the most important reason for NOT reauthorizing Ex-Im’s charter is that it is neither morally correct nor constitutional for the fed to use tax revenues to promote economic welfare of specific groups.

Now Mitch McConnell (R) is joining Harry Reid (D) and other big-government liberals to reauthorize Ex-Im. Tell Senator Mitch McConnell that we oppose Ex-Im promoted by big government liberals and lining the pockets of the rich.


Republished from NationalReview.com, by Veronique de Rugy, July 24, 2015

The Wall Street Journal has a piece today urging Republicans not to resurrect the unnecessary cronyist subsidy for Big Business that is the Ex-Im Bank.

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