This morning I read a piece in Politico about a difficult choice for Rep. Jeb Hensarling, chairman of the House Financial Services Committee: reauthorize the Export Import Bank or let its charter expire?
Specifically, the reporters describe his options as preserving the bank with the promise of future reform (that’s what they promised the last time I fought the reauthorization of the Ex-Im Bank) or maintaining “ideological purity, and let the bank vanish, leaving companies at risk of losing billions of dollars.”
The reporters create a false choice for Hensarling: “to govern, or not to govern.” In their minds, ending corporate welfare equates to a dereliction of duty. For these reporters and the proponents of this big government bank, if Hensarling doesn’t want to use taxpayer dollars to subsidize big business, he might as well not show up to work!
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