Liberals for Corporate Welfare

[Chris]

Amazing, isn't it, how liberals deride corporations yet support corporate welfare.

Ten Reasons to Abolish the Export-Import bank (http://cei.org/sites/default/files/Ryan%20Young%20-%20Top%2010%20Reasons%20to%20Abolish%20Ex-Im.pdf)


For most of its history, the Export-Import Bank has directed most of its benefits to a handful of large, politically connected firms. In other words, its main function is to dispense corporate welfare. With more $37 billion in business in 2013 and a total portfolio near its statutory limit of $140 billion, Ex-Im is one of the federal government’s largest corporate welfare programs. President Obama wants to raise the cap to $160 billion with this year’s reauthorization.

Elizabeth Warren, Hypocrite, Supports Ex-Im Bank (http://reason.com/blog/2014/07/18/elizabeth-warren-champion-of-the-people)


Massachusetts Sen. Elizabeth Warren—a leading progressive populist, possible Democratic presidential candidate, self-proclaimed champion of the poor, and enemy of greedy corporations (not really, as you will see)—supports the Export-Import Bank.

That's right: The woman best known for demonizing big businesses nevertheless wants to maintain an outlandishly generous subsidy package for them.

Warren's support for Ex-Im was revealed Friday after the Heritage Foundation reached out to her regarding a possible partnership on the issue. Libertarians and Tea Party conservatives are noted opponents of the subsidy, which they see as crony capitalism that helps politically-connected businesses cheat the free market. Liberty-inclined Republicans are working with the left on a host of issues, including NSA spying and marijuana legalization—why not make common cause with Warren on corporatism as well?

[Mainecoons]

The faux Indian is also a faux populist. No surprise there.

But she "feels" good and that is what is most important to liberals.

[Rebel Son]

It's only evil when free enterprise is involved. When they can pick and choose, and big government is calling the shots then it's perfectly acceptable.

[Mainecoons]

What is funny but tragic is that the same pack of nitwits who fell all over the token black with no experience and even less common sense are now falling all over this faux Indian with no experience and no common sense.

Insanity (liberalism): Doing the same thing over and over expecting a different result.

[Rebel Son]

What is funny but tragic is that the same pack of nitwits who fell all over the token black with no experience and even less common sense are now falling all over this faux Indian with no experience and no common sense.

Insanity (liberalism): Doing the same thing over and over expecting a different result.
The Indian Nation around here is doing quite well, they own all the smoke shops, all the casino's, and the water. The people don't benefit much, mainly because of their own fault and not taking advantage of the programs offered, but the Nation is growing quite wealthy.

[lynn]

I think we are at a point to eliminate corporate and business taxes so it removes them from wanting to influence politicians with funding. The close relationship of government and corporations has made them both very corrupt and they do need to be separated.

[Mainecoons]

Very good point. I'm for eliminating these taxes so companies will come to the U.S. not leave and take jobs with them. However, maybe this could be a side benefit though I wonder if some companies would continue to use government to give themselves advantages in the marketplace.

[Peter1469]

Very good point. I'm for eliminating these taxes so companies will come to the U.S. not leave and take jobs with them. However, maybe this could be a side benefit though I wonder if some companies would continue to use government to give themselves advantages in the marketplace.

Yes. To create favorable regulations (or just regulations to kill their competitors.)

[darroll]

I really don't think big business will move to this country.
The government tells you who to hire, how to work on a ladder, if you are dumb enough to be with a female co-worker alone, it could be sexual harassment, etc. God help you if you hug an employee. We have lost our honesty.

[Rebel Son]

I really don't think big business will move to this country.
The government tells you who to hire, how to work on a ladder, if you are dumb enough to be with a female co-worker alone, it could be sexual harassment, etc. God help you if you hug an employee. We have lost our honesty.

All true but the main reason is that corperate tax rates are the highest in the world. Nobody wants to pay high tax rates like this along with the reasons you mention. They have an obligation to the share holders to make a profit, they can't with all the bullshit put on them by our liberal administration. In the end it cost us not only jobs but profit in taxes that if lowered, they would pay and stay here.