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Does Boehner Agree with Conservatives on the Ex-Im Bank?

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

House Speaker John Boehner has dipped his toe into the Export-Import Bank debate, showing tepid support for House Republicans who want to let the corrupt and outdated program expire.

According to Politico, Boehner told reporters:

“Listen, I support any plan that [House Financial Services Chairman Jeb Hensarling] can get through his committee… Whether it would reform the bank, wind it down- but there are thousands of jobs on the line that would disappear pretty quickly if the Ex-Im Bank were to disappear. So I told the chairman he needs to come up with a plan because the risk is, if he does nothing, the Senate is likely to act and then what.”

As the Washington Examiner’s Tim Carney pointed out in a recent column:

“A multi-year wind-down of Ex-Im is exactly what conservative Sen. Mike Lee and Rep. Justin Amash proposed last Congress. The argument for a wind-down is that it would allow subsidized businesses a few years to adapt their business models to ones not so dependent on taxpayer-backed financing.”

Speaker Boehner’s sound bite is a small victory for conservatives in the House who want to end the Ex-Im Bank. But as with all things in Congress, actions speak louder than words.

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.

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