Dear Tea Party, Applaud Rand Paul

Brian Darling

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 between the United States and other nations.  It has become an institution where foreign entities receive loans to buy goods from government favored U.S. companies.  The Ex-Im Bank is corporate welfare plain and simple.

House Republicans and Democrats held hands to pass this legislation on a 330-93 vote yesterday. The legislation extends the life of the Ex-Im Bank and adds $40 billion in loan authority.  The bill came over to the Senate today and Senate Majority Leader Harry Reid (D-NV) immediately tried to pass the bill.

The Hill reports that Reid wanted to sneak the bill through the Senate without a recorded vote…

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Related:  Obama Should Veto the Export-Import Bank Reauthorization

Also, Silly AFP, Thinking BHO Will Hold To Any Prior View

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