Ex-Im: Little More Than A Fund for Corporate Welfare
Let’s be honest. President Obama isn’t exactly known for being straight-forward about his policies.
So it might not be a surprise to you that he changed his mind on the Export-Import Bank. Despite calling the cronyist institution “little more than a fund for corporate welfare” during his presidential campaign in 2008, Obama has spent his time in the White House doing the bank’s bidding. Recently, in one of his weekly addresses, the President specifically called for Ex-Im’s reauthorization.
Touting misinformation about job creation and helping the economy, he sought to pressure Congress to reauthorize the bank. The President even said it was just the status quo in Washington to reauthorize the bank and “this time shouldn’t be any different.”
At Heritage Action, we are not satisfied with Washington’s status quo, which is why we are fighting to end the Export-Import Bank.
When we saw Obama’s abrupt about-turn on Ex-Im, we knew that we needed to bring it to the forefront of the fight to end the Bank. That’s why we made this video to drive calls into congressional offices and help activists with their messaging.
As the video says, Obama is now using phony job creation numbers to crutch Ex-Im. We know that Ex-Im has no discernible impact on the number of jobs in America. What Ex-Im does do for the American economy is pick winners and losers, inviting cronyism and corruption, and distorting the free market.
The Export-Import Bank should not be reauthorized. Call Congress now and tell your Representative to oppose any bill that reauthorizes Ex-Im.