May 16, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson issued the following statement condemning Senate passage of the $140 billion reauthorization for the Export Import Bank of the United States:
"In the end, there were just 20 senators, including as few as 19 Republicans, who stood against the corporate welfarism that is the Ex-Im Bank. This is just another government subsidy program for which there is overwhelming bipartisan support for — 78 senators of both parties apparently have no problem giving an additional $40 billion of lending capacity to a bank that gave millions of guaranteed loans to Solyndra. No problem with a bank predominantly used by one aerospace company that gives foreign companies an edge over U.S. competitors in the global economy.
"The world would not end without the Ex-Im Bank. The greater economy would barely bat an eye without it. All that would happen is taxpayers would save $140 billion and a corrupt corporate welfare scheme would be abolished.
"We thank the 20 senators that did the right thing."
20 senators who voted no: Barrasso (R-WY), Corker (R-TN), Cornyn (R-TX), Crapo (R-ID), DeMint (R-SC), Enzi (R-WY), Grassley (R-IA), Hatch (R-UT), Inhofe (R-OK), Johnson (R-WI), Kyl (R-AZ), Lee (R-UT), McCain (R-AZ), McConnell (R-KY), Paul (R-KY), Risch (R-ID), Rubio (R-FL), Sanders (I-VT), Toomey (R-PA), Vitter (R-LA)
"No place for Republican crony capitalism," By Rick Manning, Director of Communications, Americans for Limited Government, May 8, 2012 at http://netrightdaily.com/2012/05/no-place-for-republican-crony-capitalism/
"Axe the Ex-Im Bank," By Howard Rich, Chairman, Americans for Limited Government, March 21, 2012 at http://netrightdaily.com/2012/03/axe-the-ex-im-bank/
"Big Government is Making Boeing a Bad Actor," By Howard Rich, Chairman, Americans for Limited Government, April 9, 2012 at http://netrightdaily.com/2012/04/big-government-is-making-boeing-a-bad-actor/
Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.