Entitlement Reform

An Open Letter to Republicans on the Ex-Im Bank by Rep. Jeb Hensarling (TX-5)

Doug Sachtleben - June 04th, 2015

The following was published in The Wall Street Journal on June 4, 2015

 

By Rep. Jeb Hensarling

The 80-year old Export-Import Bank will begin to wind down on June 30, unless Congress renews it again. Republicans in the House and Senate need to let it expire—and as chairman of the House Financial Services Committee, I am helping lead the charge to see that we do.

Ex-Im arranges taxpayer-backed financing to foreign businesses and governments that agree to buy selected U.S. products. This financing largely benefits a handful of Fortune 100 companies here in America, including General ElectricBoeing, and Caterpillar. The companies keep the profits if sales go well; taxpayers bear the risk of loss if not. The bank is a small-scale example of a larger and more dangerous threat: the shrinking of the free-market economy and the rise of a progressive welfare state—with its attendant cronyism, public-private partnerships, and spreading government economic controls.

Commercial activities today are increasingly driven neither by customer wants nor by entrepreneurial judgments but by bureaucratic directives and political preferences. Businesses, workers, investors and consumers, the notion goes, don’t have the knowledge to make rational choices on their own. Instead, government experts—typically unelected and unaccountable—are necessary to push the economy toward politically favored and less risky outcomes.

But when governments decide who wins and loses, success increasingly depends less on how hard you work and more on who you know in Washington. And big business is often all too willing to enter into alliances with big government to play this game.

The results? Stunted economic growth, anti-competitive directives pushed by special interests at the expense of the commonweal, and corrosive public cynicism. (more…)

Club for Growth TV Ad Applauds Opposition to Ex-Im by Democrat Alan Grayson

Doug Sachtleben - May 26th, 2015

Washington, DC – The Club for Growth today announced the release of a TV ad urging Florida Democrats to support Representative Alan Grayson’s (FL-9) opposition to the Export-Import Bank, over Representative Patrick Murphy’s (FL-18) support for the bank and its corporate welfare. The ad will begin airingtomorrow statewide on MSNBC and other outlets in Florida, and it represents the third phase in an overall $1 million campaign, including digital advertising. The Club is also currently airing ads in the congressional districts of Representatives Bill Shuster (PA-9) and David McKinley (WV-1), on broadcast and cable TV in Johnstown, PA, Clarksburg, WV and Wheeling, WV.

 

To view the Club for Growth’s new Florida TV ad against reauthorization of the Export-Import Bank, click here.

 

 

“Congressional Democrats, like Patrick Murphy, are in virtual lockstep in their support for the big corporate special interests that gain taxpayer-provided financing from the Export-Import Bank,” said Club for Growth President David McIntosh. “Despite the hundreds of fraud claims against Ex-Im, and the 31 open fraud investigations involving the bank, Murphy still wants an expansion of Ex-Im. But, Alan Grayson has stood firm in the face of intense Democrat pressure for extending Ex-Im’s life. Even Hillary Clinton is pleading for Ex-Im’s reauthorization. That’s why The Club for Growth is urging Florida Democrats to get involved in the fight against cronyism and corruption by calling on their Democrat representatives to join Alan Grayson in opposing Ex-Im.”

 

 

The Club’s first round of Ex-Im ads began airing in April in the congressional districts of Representatives Bill Flores (TX-17), Renee Ellmers (NC-02), Stephen Fincher (TN-08) and Buddy Carter (GA-01). The second round of ads began airing May 22 in the congressional districts of Representatives Bill Shuster (PA-9) and David McKinley (WV-1). Ads were also planned to start on May 22 in the districts of Representatives Rob Bishop (UT-1) and Chris Stewart (UT-2), but were canceled after both came out with statements clearly opposing the bank’s reauthorization.

 

Script for Export-Import Bank ad (TV :30)

TWO FLORIDA DEMOCRATS IN CONGRESS WITH VERY DIFFERENT VIEWS.

ALAN GRAYSON OPPOSES THE EXPORT-IMPORT BANK, WHICH SPENDS BILLIONS OF TAX DOLLARS ON A HANDFUL OF GIANT CORPORATIONS.

PATRICK MURPHY SUPPORTS THE EX-IM BANK, AND WANTS TO FUNNEL BILLIONS MORE TO CORPORATE FAT CATS.

CONGRESS WILL SOON VOTE.

TELL YOUR DEMOCRATIC MEMBERS OF CONGRESS TO SIDE WITH GRAYSON, NOT MURPHY, AND STOP THE EXPORT-IMPORT BANK’S OUTRAGEOUS  CORPORATE GIVEAWAYS.

 

 

The Club for Growth is the nation’s leading group promoting economic freedom through legislative involvement, issue advocacy, research, and education.

Club for Growth & Heritage Action statement on the Export-Import Bank

Doug Sachtleben - May 22nd, 2015

Washington – Following Senate passage of the Trade Act of 2015 (H.R. 1314), Club for Growth President David McIntosh and Heritage Action CEO Michael A. Needham issued a joint statement:

“Yesterday, Senator Maria Cantwell leveraged her vote on Trade Promotion Authority to open up Senate Majority Leader Mitch McConnell’s playbook on the Export-Import Bank. It is incumbent upon House conservatives to use their leverage on TPA to extract ironclad public commitments from both McConnell and Speaker John Boehner. Leader McConnell should make clear he will not allow the Democrat minority to usurp the Republican majority’s procedural prerogative. At the same time, Speaker Boehner must make clear he will not jam conservatives on Ex-Im. House conservatives should use every tool at their disposal to stop the advance of TPA until Republican leaders issue those ironclad public commitments.”

 

Club for Growth Applauds Congressmen Rob Bishop and Chris Stewart for Opposing Export-Import Bank

Doug Sachtleben - May 21st, 2015

Washington, DC – The Club for Growth today released the following statement after Chairman Rob Bishop (UT-1) and Representative Chris Stewart (UT-2) announced their opposition to re-authorization of the Export-Import Bank:

“The Club for Growth applauds Chairman Bishop and Congressman Stewart for declaring their opposition to re-authorization of the Export-Import Bank,” said Club for Growth President David McIntosh. “Utah can be proud of their bold representation. Chairman Bishop has rightly criticized Ex-Im’s ‘interference in what should primarily be private business decisions and transactions,’ and Congressman Stewart has joined him with a clear call that Ex-Im is beyond reform and must be ended. The Club for Growth agrees and is proud to stand with these courageous Members and the many others who oppose Ex-Im.”

Note: The Club for Growth is withdrawing its previously announced television and digital ad campaign in Utah. The ad campaign was to urge these two Members to oppose Ex-Im. Ads will air as announced, beginning tomorrow, in in the congressional districts of Chairman Bill Shuster (PA-9) and Representative David McKinley (WV-1), on broadcast and cable TV, and in digital formats, in Johnstown, PA, Clarksburg, WV, and Wheeling, WV.

The Club for Growth is the nation’s leading group promoting economic freedom through legislative involvement, issue advocacy, research, and education.

Club for Growth Launches Round Two of Ex-Im TV Ad Campaign in Four More Congressional Districts

Doug Sachtleben - May 21st, 2015

Washington, DC – The Club for Growth today announced the release of TV ads urging four Members of Congress to join conservatives and end the Export-Import Bank. The ads will air, starting tomorrow, in the congressional districts of Chairmen Rob Bishop (UT-1) and Bill Shuster (PA-9), and Representatives David McKinley (WV-1) and Chris Stewart (UT-2), on broadcast and cable TV in Salt Lake City, Johnstown, PA, Clarksburg, WV, and Wheeling, WV. The new ads are part of an overall $1 million campaign, including digital advertising, that began last month in the congressional districts of Bill Flores (TX-17), Renee Ellmers (NC-02), Stephen Fincher (TN-08) and Buddy Carter (GA-01).

 

To view the Club for Growth’s new TV ads urging Members to not reauthorize the Export-Import Bank, click here.

 

“The Club for Growth agrees with Chairman Jeb Hensarling that momentum among House Republicans is turning against the Export-Import Bank,” said Club for Growth President David McIntosh. “Average Americans are fed up with Washington’s corporate welfare, and the Club’s ads have become a wake-up call to constituents that their Representatives still want to funnel tax dollars to a few big special interests, while other businesses are forced to compete against government handouts. We know that hundreds of calls were made to the offices of the four Members who were the focus of the Club’s first round of ads, and today we’ve already expressed our delight that one of those four, Congressman Bill Flores, has come out strongly against Ex-Im. He demonstrated courageous leadership, and the Club appreciates Rep. Flores listening to the concerns of his constituents about the fraud, corruption, and lack of transparency at the Ex-Im Bank. Now, other Republican Members need to stop standing with Hillary and Obama, and join the Republican presidential field, and most of the House Republican leadership, in opposing the Ex-Im Bank.”