Now Mitch McConnell (R) is joining Harry Reid (D) and other big-government liberals to reauthorize Ex-Im.
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.
Opponents have the better arguments on policy and politics. …
Not that any of this will matter in Congress. The Chamber of Commerce and Business Roundtable are pushing for a vote to resurrect the bank, and House Speaker John Boehner is on their side. Most of Mr. Boehner’s fellow Republicans are opposed, so he’s banking on a Senate assist.
As part of the trade bill jostling, Majority Leader Mitch McConnell promised Democrats a vote on renewing Ex-Im. If that passes the Senate, as expected, the plan is to attach it to the highway bill in the next few days and send it to the House. If Mr. Boehner brings it to the floor, Ex-Im will rise from the dead with the votes of nearly all Democrats and a rump group of Republicans.
This is a vote on which we hope Mr. Boehner gets rolled. If the GOP is going to have any credibility reforming welfare for individuals, it will have to show it is willing to cut welfare for business. Republicans have already done yeoman work for business by passing the trade bill, and they may do so again by repealing the medical device tax, increasing highway spending and maybe even cutting corporate taxes. If the business lobbies want to make Ex-Im their litmus test of support, let’s see how they like cohabiting with Sen. Warren.
Ronald Reagan used to say that the closest thing to eternal life is a government program. The Ex-Im Bank has already died. All Republicans have to do is let it stay dead.
Make no mistake, if Ex-Im comes back to life, it will mostly be the result of Senate majority leader Mitch McConnell’s actions. At the Washington Examiner, Tim Carney had a very informative piece about what McConnell is doing. I recommend reading the whole thing but here is a tidbit:
Senate Majority Leader Mitch McConnell is clearing the way to restart the Export-Import Bank, an expired corporate-welfare agency he has voted against, as part of the highway bill in the Senate this week.
Conservatives say McConnell’s actions show he never really opposed the agency — that deep down, McConnell takes the K Street position rather than the free-market stance. McConnell’s office contends that pragmatic politics are more complicated than that, and that keeping Ex-Im dead is beyond the majority leader’s power….
It’s impossible to read McConnell’s mind. But it’s clear he desires, deeply, to be seen as a majority leader who knows how to govern, not merely fight. Perhaps this perception will help him keep his majority, or help his party win the White House.
But it’s hard to make sense of the argument that voters should vote Republican so that McConnell can cut deals about subsidies with Sen. Maria Cantwell in order to pass Sen. Barbara Boxer’s tax-and-spend highway bill.
Here are questions worth asking the majority leader:
How many times did Senator Reid against his conference during his tenure as majority leader to clear the way for something they opposed? I suspect the answer is never.
What does it mean that the Republican leadership keeps passing bills against the majority of the Republican conference by teaming up with Democrats? I will let you answer this one.
Democrats are grateful — in fact, Senator Reid just thanked McConnell on Twitter:
I commend @SenateMajLdr for setting up a vote to reauthorize the Export-Import Bank. This bill is critically important for U.S. businesses.
— Senator Harry Reid (@SenatorReid) July 24, 2015
Finally, I would recommend that freedom loving readers watch this great speech by Senator Cruz delivered on the Senate floor this morning. He explains why he thinks he was lied to by the majority leader regarding Ex-Im and, more importantly, he explains everything that is wrong with the the bank. He also reminds Democrats that they are only pretending to be anti-cronyism considering their incredible support for Ex-Im, commending Bernie Sanders for his lone objection to it.
Watch and cry:
Carney sums up the fight here:
Cruz unleashed his anger at McConnell moments after the Senate voted to move ahead on a highway funding bill that will include amendments to extend the Ex-Im Bank and to repeal the Affordable Care Act. The deal doesn’t provide Cruz with an equal opportunity to bring up his own amendments, including one that would require Iran to recognize the state of Israel and another that would require members of Congress and the president to enroll in Obamacare.
Cruz said he pressed McConnell repeatedly on whether a special deal had been worked out on the Ex-Im Bank, but that McConnell had insisted there was no deal, and that supporters of the bank would only be able to offer amendments to the highway bill like everyone else.
But Cruz said McConnell went against his earlier remarks by reserving a spot for the Ex-Im Bank amendment, and shutting out most others. ..
“It’s not that this majority doesn’t get things done, it does get things done,” he said. “But it listens to one and only one voice, that is the voice of the Washington cartel of the lobbyists on K Street, of big money and big corporations.”
As Cruz rightly says in the speech: “We have a government of the lobbyists, for the lobbyists and by the lobbyists.”
Is this really what we get with the biggest Republican majority in Congress since 1928?
As I have explained on Tuesday, House majority leader Kevin McCarthy has promised to oppose an Ex-Im loaded highway bill coming from the Senate. So unless Speaker Boehner forces him to break his promise, the fight is not over yet.
Republished from NationalReview.com. CLICK HERE to read the original.
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