Last week the House of Representatives
passed a bill that would resurrect the currently expired Export-Import Bank for
four years. Fortunately, a bipartisan group of 118 congressmen took a
principled stand against cronyism, corporate welfare and corruption.
Unfortunately, 313 congressmen stood up for their K Street allies at the
expense of the American people. Perhaps the only outcome less surprising than
last week's vote is another incidence of corruption related to the Ex-Im Bank. But
Ex-Im's history of questionable foreign recipients should come as no surprise
when you consider that the antique bank was initially established to support
Stalin's Soviet Union. More…
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