“Where in the world are my $24 billion dollars” seems like a fairly ridiculous question for anyone to have to ask. But for the Export-Import Bank, which doles out taxpayer-backed loans to big businesses and foreign corporations, it’s a completely legitimate one – and one that the bank can’t answer.
By Eric Peterson The federal government has a long history of playing favorites in the marketplace, and the Obama administration’s favorite is clearly green energy. Already costing Americans more than $500 million with its now-infamous Solyndra loan debacle, the federal government has decided to double-down on its green energy boondoggles overseas by reauthorizing and expanding […]
Bipartisanship is often in short supply in the nation’s capital – but when it comes to corporate cronyism, lawmakers on both sides of the aisle have been working together for decades to funnel taxpayer backed benefits to foreign companies and multi-national corporations through a little-known institution called the Export-Import Bank.
Americans for Prosperity is proud to lead a coalition of 30 organizations in opposing the reauthorization of the Export Import Bank, which subsidizes loans to foreign companies to encourage them to buy American exports. Today, the coalition sent the following letter to Capitol Hill:
A dozen of the most prominent conservative leaders in the country convened with 700 activists this past Saturday at Americans for Prosperity Foundation’s inaugural New Hampshire Freedom Summit, and the themes that were echoed made it clear that the conservative movement is serious about winning the war of ideas.