Political Quotes

On the recordApril 9, 2014
the American economy is the envy of the world, primarily because it is still seen as a place where anyone-- regardless of who you are or where you come from--can work hard, play by the rules, and succeed. That belief is predicated on the notion that America has a thriving, competitive, and free enterprise economy in which the best ideas and hardest workers win the day, while those who are less successful always have a fair chance to try again. The free enterprise system is not perfect, by any means, but it is fair. Unfortunately today, Americans increasingly believe our system is rigged. In President Obama's America, they have good reason. From the stimulus to Cash for Clunkers, from the bailouts to cap-and-trade, from Dodd-Frank to ObamaCare, every namebrand initiative of the President's term of office has distorted public policy to privilege well-connected insiders and elites at the expense of taxpayers and consumers. The Export-Import Bank is another taxpayer-funded example of distorted public policy that further erodes Americans' confidence in our markets and our system. In short, the Ex-Im Bank exists to dole out taxpayer-backed loan guarantees to help American exporters. Most of the benefits go to large corporations that are perfectly capable of securing private financing anywhere in the world. That is to say, Congress allows Ex-Im Bank to risk taxpayer money unnecessarily to subsidize well-connected private companies.…
Said by
Bill Lee
Republican · Tennessee
Source
govinfo.gov
Apr 9, 2014

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