Truth on the Tracks with Brandon Turbeville - September 15, 2014

Truth on the Tracks with Brandon Turbeville - September 15, 2014

Brandon discusses the Export Import Ban, Austrian school/Libertarian economics, and Syria.

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The Hidden Bipartisan Agenda Behind Eliminating the Export-Import Bank

Brandon Turbeville
Activist Post
September 3, 2014

It is increasingly true that whenever one sees Democrats and Republicans joining forces in Congress the end result will inevitably be that the American people are sold down the river. Thus, when we see a formation of both Democrats and Republicans coming together for the purpose of eliminating the Export-Import Bank, red flags should immediately go up in regards to the true motivation and result of their newfound alliance.

For instance, leading the charge against the Export-Import Bank is the Republican Congressman Jeb Hensarling of Texas. Hensarling has repeatedly characterized the Export-Import Bank as corrupt and a risk to American taxpayers. The Congressman has referenced a number of major corporations that the bank has provided assistance to that have proven to be non-productive or even negatively productive to the US economy. Hensarling has also argued, in essence, that the Export-Import Bank violates the concept of the Austrian school of economics.

Others on the Republican side, most notably Koch Industries and groups that Koch backs (Americans for Prosperity, Competitive Enterprise Institute, and Mercatus Center to name a few), have also made common practice of attacking the Ex-Im Bank. For instance, as the Huffington Post writes,

The Kochs have even helped bankroll a superhero satire project called The Kronies, which ran a short cartoon attacking Ex-Im titled, "Laughing All The Way To the Export Import Bank." The flood of institutional effort has made enmity toward Ex-Im a staple of popular conservatism similar to the old hostility directed at Fannie Mae and Freddie Mac.