Senate Democrats Are Getting Desperate for More Export-Import Bank Cronyism

“Senator Richard Shelby prevented their attempts to make an end-around past the Senate Banking Committee.”

Washington, DC – The Club for Growth released the following statement in response to today’s failed attempt by Democrats to circumvent the Senate Banking Committee and send President Obama’s nominee for the Export-Import Bank’s board of directors to the Senate floor:

 

“Only a few well-connected corporations are the largest beneficiaries of the Export-Import Bank, and they have Senate Democrats fighting to protect their corporate welfare,” said Club for Growth president David McIntosh. “Two Democrats from Washington state took up the fight for Boeing today, while a New York Democrat sought to protect the big banking interests that benefit Ex-Im’s working capital. Fortunately, Senate Banking Committee Chairman Richard Shelby (AL), prevented their attempts to make an end-around past the committee. Washington thrives on this kind of corrupt cronyism, and we applaud the work of Senator Shelby in taking a principled stand on behalf of taxpayers”

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

The Club’s website can be found at https://www.clubforgrowth.org/