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‘The American Intelligence Community has finally
done to the USA
what they have been doing all around the world’.

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Monday, June 30, 2014

The REAL criterion for RINO: THE EXPORT IMPORT BANK

So you were pissed at Obama for sending aid to a manufacturing corp like Solyndra because it was really totally corrupt, instead of using those funds for PURE solar power research?
You want a republican majority to stop the rising crony capitalism (you know, sort of like, Bayer, BASF, and Krupp and another govt at another time?)
But nothing is happening. And on issues such as massive, crisis level illegal immigration (i.e a totally unsecured border ..no matter your feeling about legal immirgration) the republican party seems VAPID as an organized entity?
Look at this …. this is a libertarian market issue and there is agreement over this with VOX (Ezra Klein?), and TPM (Josh Marshall ?…AYFKM?).
Just THINK about what that all means.
It’s not just Obama and the Solyndra’s of the Chicago Way. Wall Street has LOST the edge of market capitalism in the fat and gravy we reference as TOO BIG TO FAIL
READ THIS - CATO:

Big Business Clashes with Libertarians and Tea Party over Ex-Im Bank

Two weeks ago I wrote about the efforts of big business to defeat libertarian-leaning legislators in states across the country. To confirm my point, on the same day the article appeared the Michigan Chamber of Commerce endorsed the opponent of Rep. Justin Amash, the one of whom I had written, “Most members of Congress vote for unconstitutional bills. Few of them make it an explicit campaign promise.”
Now a battle is brewing in Congress that pits libertarians and Tea Party supporters against the country’s biggest businesses. The Wall Street Journal headlines, “GOP’s Attack on Export-Import Bank Alarms Business Allies.” The “rise of tea-party-aligned lawmakers” is threatening this most visible example of corporate welfare, and David Brat’s attacks on “crony capitalism” in his surprise defeat of Eric Cantor have made some Republicans nervous. Amash told the Journal, “There are some large corporations that would like corporate welfare to continue.”
The biggest beneficiaries of Ex-Im’s billions are companies such as Boeing, General Electric and Caterpillar,  according to Veronique de Rugy, a senior research fellow at the Mercatus Center. Cato scholars have made the same point, including Aaron Lukas and Ian Vasquez in 2002 and Sallie James in 2011.
Matthew Yglesias of Vox notes, “The Export-Import Bank is a great example of the kind of thing a libertarian populist might oppose. That’s because the bank is a pretty textbook example of the government stepping in to arbitrarily help certain business owners.” And he points out that supporters of the Bank include the U.S. Chamber of Commerce, the National Association of Manufacturers, the AFL-CIO, Haley Barbour, and Dick Gephardt. He could have added Tom Donnelly of the American Enterprise Institute.
Rep. Adam Kinzinger (R-IL) said he worried about “a libertarian theology that’s really starting to creep in.” I hope he’s right.
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posted by Epaminondas at permanent link#

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