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Paul Ryan on Export-Import Bank: "I want to get rid of it"

Jul 15, 2014

Yesterday, in a speech at Hillsdale College's Kirby Center, House Budget Chairman Rep. Paul Ryan (R-WI) expressed his desire to end the Export-Import Bank, which expires at the end of September. Ryan's primary point though was that conservatives and Republicans should let Democrats be the party of corporate welfare and cronyism:

"My friend Rep. Jeb Hensarling (R-TX) 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."