The GOP and the Democrats both like to engage in crony capitalism. It is a transpartisan phenomenon. But we the people are making some headway, and at least some of that headway is coming from the Republican “New Wave” as Jay Carney at The Washington Examiner points out.
(From The Examiner)
Along those same lines, Sen. Mike Lee, R-Utah, and Rep. Justin Amash, R-Mich., introduced bills this month to abolish the Export-Import Bank, a government agency that subsidizes U.S. exports. Ex-Im dedicates a vast majority of loan-guarantee money to subsidizing Boeing jets. Dan Rather recently found that Ex-Im officials travelled to Australia, first class and business class, on the dime of Australia Pacific LNG, which subsequently got $5 million in taxpayer-backed financing from Ex-Im.
Other corporate welfare has received scrutiny from this Congress. Toomey teamed up with Democratic Sen. Jeanne Shaheen of New Hampshire to craft a farm-bill amendment that would shrink the sugar program – a web of loans and protectionist trade policy that subsidizes sugar producers at the expense of taxpayers and consumers.