Government Still Picking Corporate Winners and Losers

Thursday, May 24, 2012

The Government should not be in the business of picking winners and losers when it comes to American jobs. Earlier this month, Jared Polis voted to reauthorize the Export-Import Bank (H.R. 2072) and increase its lending limit by $40 billion. I would have voted against it. The Export-Import Bank now has the authority to provide $140 billion in loans to foreign corporations who receive exports from American companies, essentially picking winners and losers from corporate America and putting the American taxpayer at risk.

We have seen the disastrous effects of government intervention in the economy: look no further than Fannie Mae, Freddie Mac and the failed "stimulus" that was supposed to "jump start" our nation's economy.

Please check out our updated Issues section of the site to read my position on government intervention, "Government Still Picking Corporate Winners and Losers".

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