Senator Rand Paul (R-KY) has stepped up to the plate to fight reauthorization of the crony capitalist Export-Import Bank. I wrote yesterday that the Tea Party is losing on this issue despite the heroic efforts of Rep. Tom McClintock (R-CA) and other members who agree that the Ex-Im Bank is a high offense against free market capitalism. The Export-Import Bank was created in 1934 by FDR to facilitate trade | Read More »
Please send more members to Congress. The House just passed legislation that is offensive to free market capitalism reauthorizing the Export-Import Bank. And only 93 conservative Representatives opposed. Conservative cheers to Rep. Tom McClintock (R-CA) for making a speech on the House floor discussing the reasons why it is a terrible idea to reauthorize the crony capitalist Ex-Im Bank. A bill to reauthorizes the Ex-Im Bank through 2014 | Read More »
Corporate Welfare and Crony Capitalism are the two phrases that come to mine when a free market conservative hears talk of reauthorizing the Export-Import Bank. According to The Hill, it looks like the House will take up a Export-Import bank reauthorization, including a massive $40 billion increase in loan authority, as early as next week. A draft deal negotiated by House Majority Leader Eric Cantor (R-Va.) and Minority Whip | Read More »
On September 22, 2008, Senator Barack Obama (D-IL) sounded like a conservative in the below speech. Candidate for president Obama railed against programs “that don’t work” like a “reading program that hasn’t improved our children’s reading.” This talk was music to the ears of independent and conservative leaning democratic voters who don’t like government waste. Sen. Obama talked about duplication in government programs and advocated cutting those programs. | Read More »
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