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Lunch Break Video: Sen. Mike Lee Sounds Off on the Ex-Im Bank

While you’re eating lunch today, take five minutes to watch this video from conservative Senator Mike Lee, who corrected the record on the Export-Import Bank’s scare tactics and phony claims to help small businesses and jobs. The Conservative Review provided a transcript of the video as well.

Here is a quick preview:

There are two fundamental problems with the Export-Import Bank and other government programs like it. First, Ex-Im is a perfect example of how government programs that foster cozy relationships between political and economic insiders are the breeding ground of cronyism and corruption.

Indeed, the Bank is currently the subject of 31 corruption and fraud investigations, and a former employee was recently found guilty of accepting bribes on 19 different occasions.

But aside from its ethical problems, Ex-Im is bad for American jobs and bad for the economy.
For every dollar Ex-Im spends to help one U.S. company sell its products overseas, it takes away a dollar from all the other U.S. companies trying to export their products without the help of Ex-Im.

This is a classic case of government picking winners and losers in the marketplace… which always produces more losers than winners.

Watch the entire video here:

Tom Borelli

Dr. Tom Borelli is a contributor to Conservative Review and is a TV and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for ConservativeReview.com, The Washington Times and authored articles for Newsmax magazine. Dr. Borelli is also a regular political panelist on NewsmaxTV and i24 News he also co-hosts radio programs on SiriusXM Patriot with his wife Deneen Borelli. 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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