Visit Business Insider, and you’ll find just the beginning of Big Business’s campaign to save the subsidies they get from the Export-Import Bank. See, Export-Import Bank Reauthorization Fight – Business Insider.
Right on cue, the Chamber of Commerce brings out those dreaded bogeymen, China and Europe: “”What do we want to do? Give this business to the Europeans and the Chinese?” Tom Donohue, the president of the Chamber of Commerce, told reporters in a conference call on Monday.”
The issue, of course, is how many billions we’re spending to prop up plump corporations in the marketplace.
Here’s the tonic for crony-capitalist pleading, from Cato’s Daniel J. Ikenson: