- Support on the left for Export-Import Bank shows GOP isn't the only party tailoring policy to business interests.
- "The only difference between a Republican and a Democrat is the speed they get to their knees when corporate campaign contributors show up." --Ralph Nader
- Peace Is No Longer a Partisan Issue
David Sirota, Salon
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Thursday, Jul 10, 2014 | In politics, as the old saying goes, there are no permanent friends or permanent enemies – there are only permanent interests. Few policy debates prove that truism as well as the one now brewing over the Export-Import Bank – a government agency providing taxpayer subsidized loans to multinational corporations.
This tale starts 15 years ago when my old boss, U.S. Rep. Bernie Sanders, I-VT, was trying to construct a left-right coalition to reform the bank. While a few libertarians were willing to voice free-market criticism of the bank, the impetus for reform was primarily among Democrats and the left. Indeed, Sanders’ failed 2002 amendment proposing to restrict the bank’s subsidies garnered only 22 Republican votes but had 111 Democratic backers – mostly progressive legislators who, in the words of Sanders, saw the Ex-Im Bank program as “one of the most egregious forms of corporate welfare.”
David Sirota is a staff writer at PandoDaily and the best-selling author of the books "Hostile Takeover," "The Uprising" and "Back to Our Future."
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Peace Is No Longer a Partisan Issue, John V. Walsh, Counterpunch
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