Club for Growth Urges McConnell To Block Hochberg NominationLink to Article: http://www.clubforgrowth.org/perm/pr/?postID=1206
Washington, DC - The Club for Growth today urged Senate Minority Leader Mitch McConnell (R-KY) to lead the Senate GOP conference in blocking the confirmation of Fred Hochberg for another term as the head of the Export-Import Bank until a serious plan to wind down the bank is enacted into law. The Club also urged Senator McConnell to block all other confirmations to the Export-Import Bank’s board.
In May of 2012, Senator McConnell voted, along with 20 other Republicans, against reauthorizing the bank, whose clients have included Solyndra, Enron, and even Mexican drug cartels. Even President Obama has opposed the Export-Import Bank in the past, calling the bank “little more than a fund for corporate welfare.”
“Senator McConnell stood strong when he voted against reauthorizing the Export-Import Bank last year, and we hope he will show leadership again by blocking Fred Hochberg’s nomination and all other nominations to the Export-Import Bank’s board,” said Club for Growth President Chris Chocola. “The Export-Import Bank is a slush fund for market-distorting subsidies that pick winners and losers in the private sector. Senator McConnell should demand a plan to wind down the Export-Import Bank, and not enable it to continue to hand out massive amounts of corporate welfare benefiting a few select industries.”
“It’s time for Senator McConnell to lead Senate Republicans in standing up to Big Business by opposing these nominations,” added Chocola.