Please disable your Ad Blocker to better interact with this website.

Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
Government PoliciesNewsVideo

Townhall.com: The Export-Import Bank Bill Exposes DC vs. America Divide

Will this presidential election be the most important in American history?

The current political battle over the bill to reauthorize the Export-Import Bank reveals the immense influence the big business lobby has over both political parties. It also explains why this special interest group has declared war on the Tea Party.

Big business political influence boils down to financial support for any politician who is willing to bestow huge benefits on certain companies. The Export-Import Bank is a prime example.

The Export-Import Bank boosts sales of U.S. multinational corporations by providing government-backed loans, loan guarantees and other credit mechanisms to countries and international companies around the world. The bank is a classic example of the transfer of wealth from taxpayers to big business, funneled through the government.

What’s fascinating about this issue is not that big business is wielding special influence to line its pockets with taxpayer dollars — nothing new there. The intriguing aspect of the Export-Import Bank is how the ideological divide between the warring establishment Republicans and Democrats evaporates when it comes to funding corporate welfare.

Negotiations surrounding the Export-Import Bank legislation offer a great example of normally opposing ideological forces casting aside hardened policy positions. It’s the D.C. insiders in action.

In contrast to contentious topics such as Obamacare, where the political parties engaged in a Texas Death match against one another, bailing out big business is an issue for bipartisan hand-holding and singing “Kumbaya.”

In reality, keeping the federal government big, willing and able to dole out monetary favors is the business of the leadership in both parties.

Read my entire commentary at Townhall.com

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

Related Articles