In June of this year, after 81 years of doling out taxpayer-funded welfare for mega-corporations, the American people said enough and Congress let the Export-Import Bank expire. Yet today, through a little-known and little-used legislative maneuver being used to circumvent the will of the American people, they are resurrecting this fund for corporate welfare.
Scott Garrett: “In June of this year, after 81 years of doling out taxpayer-funded welfare for mega-corporations, the American people…”
Editor's note · Context
Garrett criticized the Export-Import Bank's reauthorization, calling it corporate welfare.
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Accurate and transparent financial statements are absolutely critical to maintaining investor confidence in our markets.
Do you see a need to benefit the Goldman Sachs CEOs of the world and pay them more than the small, local banks on Main Street where my constituents have to invest their money?
So, if your policies, as Ben Bernanke indicated it does and you are nodding your head as well, benefits the stock market, raises asset prices, who are you benefiting? The rich. Who are you hurting? The poor.
Yes, we have the opportunity today to save capitalism from cronyism. Yes, we have the opportunity to protect the American taxpayer and the American Dream and to preserve free enterprise.





