On the recordApril 23, 2015
It is an honor to follow my fellow Congressman from the great State of Ohio and follow our leader, Ken Buck. I am an economist who has been working on international trade policy and economics for more than two decades. I support free trade and equal treatment under the law. I oppose special privileges. Everyone likes free money, and that gets to the crux of this issue, and I want to go real slowly over this issue because everyone knows there is no such thing as free money or a free lunch. Every economics student learns that in their first course in economics. Let's just be real clear on that one point and take our time. If you get free money, right, if a corporation gets free money or you get free money, that is good for you, and you are going to hear a lot of people up here saying: Hey, this hurts business, this hurts my company because I am getting free money. The flip side of that free money is someone is paying the tab for that. Guess who that is, that is you. That is the public. That is the taxpayer. You are footing the bill for this free money that falls out of heaven up here, working through special interests and corporate cronies. {time} 1330 The Export-Import Bank provides cheap, below-market credit to certain exporters. ``Below market,'' that means the market system is not working, and something has jumped in to distort free markets.…





