Thursday, July 17, 2014

Export-Import bank on edge of Extinction

Democrats love them some crony capitalism

I admit, I had to read the title of this story at the RedState about four times but it got my attention. In the body of it, it reads--

"American business, as personified by the Chamber of Commerce, Wall Street, and K Street are right to fear conservatism.  And the sooner that we conservatives come to the conclusion that our interests – free people and free markets – are not the same as the Chamber of Commerce, the sooner we can get about our business... Right now the US Export-Import Bank is teetering on the razor’s edge of extinction.

In June,  newly elected House Majority Leader Kevin McCarthy said  that he is in favor of letting the US Export-Import Bank die in September when its current authorization expires in September...he wouldn’t support reauthorizing the charter of the Export-Import Bank of the United States."

Read more... at the RedState to see what all of this means.

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