“DACA must go,” explains the Heritage Foundation’s James Carafano:
“My friend Rep. Jeb Hensarling (R-TX)Heritage ActionScorecardRep. Jeb HensarlingHouse Republican Average88% has recently launched a great challenge against the crony capitalist economy, and in particular, against one of its manifestations, the Export-Import Bank. But the bank is just one example of how bureaucratic government is corrupting free enterprise through and through. Conservatives must stop defending this. Cronyism is the Progressives’ project for economic control. Let them defend it.”
Republicans over the years have proposed a number of innovative reforms to a federal highway program that bristles with waste and bureaucracy. These include devolving more power to the states to set priorities, slashing the billions thrown at money-losing urban mass-transit projects, streamlining environmental laws that add to construction costs, and potentially devoting some royalties from expanded federal oil and gas drilling to fund roads. Too bad they never seem to get around to implementing them.
House GOP leaders are claiming the temporary nature of this patch is designed to give them another run at reform next year, perhaps with the support of a Republican-led Senate. We’ll hold them to that. The trust fund problem has been begging for a fix for years. This latest stopgap is a dodge, not a victory.
“Some Schweitzer Engineering Laboratories customers have used the Ex-Im Bank for financing, at their choosing. SEL does not depend on it, nor encourage it. If the Ex-Im Bank were to disappear, I believe buyers and sellers would find attractive commercial options unencumbered by politics and special interests.”
Mr. Schweitzer’s position is clear: Thus, at this moment, I believe the charter should not be renewed.
Ironically, a Spokesman-Review editorial in 2012 cited his company as a reason the Bank should be reauthorized:
“Although Boeing Co. is by far the biggest beneficiary, in the last five years several Eastern Washington companies – SCAFCO in Spokane, Schweitzer Engineering Laboratories in Pullman, and Colmac Coil in Colville – have done more than $3 million worth of foreign business with Ex-Im’s help. Dozens, if not hundreds, of jobs have been created or sustained.”
The fifth district company, represented by Rep. Cathy McMorris Rodgers (R-WA)Heritage ActionScorecardRep. Cathy McMorris RodgersHouse Republican Average51%, has received $3.6 million in financial assistance from the Bank since 2007, with $1.6 million coming since 2012.
Congress should End Ex-Im.
That was President Obama earlier this month, urging Congress to bail out the federal Highway Trust Fund (HTF). He warned failure to act would be the equivalent of Congress laying off the “entire population of Denver, or Seattle, or Boston.”
A November 2013 paper by James Sherk, Senior Policy Analyst in Labor Economics at The Heritage Foundation, provides some different numbers:
“Across the U.S., just over 300,000 Americans work in highway, street, or bridge construction—less than the population of Wichita, Kansas.”
Obama’s math just doesn’t add up.