Washington Gets A Raise; But Americans Don’t

Times are tough in America’s slowly recovering economy. The percentage of American’s working is still at its lowest levels since the Disco-days of the Carter administration. Even those with jobs are struggling as median incomes have dropped to 1996 levels, and inflation adjusted wages for every income bracket are falling. Washington however, seem to be immune from the struggles of everyday Americans. With record revenues coming from taxpayers; times are good in Washington.

With Export-Import Bank, the More Things Change, the More They Stay the Same

resh off from its nine month reauthorization thanks to free riding on the must pass resolution to continue funding the federal government, the Export -Import Bank is back up to its old tricks – awarding taxpayer backed goodies to some questionable foreign recipients. This time those goodies came in the form of recently announced handouts to Pemex, the infamous Mexican State owned Oil Company, that cashed in this month on over $1 billion dollars in long term loan guarantees from the Export-Import Bank.