House passes $140 billion reauthorization of Export-Import Bank, ALG responds

May 9, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson issued the following statement blasting the House of Representatives’ passage of the $140 billion re-authorization for the Export Import Bank of the United States:

“The House had an opportunity to show that corporate welfare in any form is unacceptable, and yet again blew it by not only reauthorizing the Ex-Im Bank, but by adding $40 billion to its lending capacity. Every member who voted yes now must explain to their constituents why they support a bank that gave millions to bankrupt Solyndra. Why they support a bank that gives foreign companies an edge over U.S. companies in the global economy. And why they support a bank that has wasted billions manipulating markets rather than allowing market forces to determine demand.”

Attachments:

“No place for Republican crony capitalism,” By Rick Manning, Director of Communications, Americans for Limited Government, May 8, 2012 at http://netrightdaily.com/2012/05/no-place-for-republican-crony-capitalism/

“Axe the Ex-Im Bank,” By Howard Rich, Chairman, Americans for Limited Government, March 21, 2012 at http://netrightdaily.com/2012/03/axe-the-ex-im-bank/

“Big Government is Making Boeing a Bad Actor,” By Howard Rich, Chairman, Americans for Limited Government, April 9, 2012 at http://netrightdaily.com/2012/04/big-government-is-making-boeing-a-bad-actor/

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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