1. It Has Outlived Its Purpose The Ex-Im Bank was founded 80 years ago by FDR to promote U.S. manufacturing during the Great Depression. Meanwhile, in the 2010s, U.S. exports have been setting record highs – they don’t need government help.
2. It Lets Government Pick Winners and Losers Although Ex-Im claims to pick its recipients in a neutral manner, the reality is that political pressures strongly affect who receives its financial backing. For example, in 2009 the Obama administration gave Ex-Im a “green energy” quota for a portion of its loans.
3. Its Risky Loans Put it in Danger of Needing Taxpayer Bailouts The Ex-Im Bank’s purpose is specifically to promote exports by guaranteeing companies loans that are not in competition with the free market. But if these companies can’t get loans on the free market, that means that they are inherently riskier than private lenders are willing to accept, with taxpayers on the hook if they fail. Ex-Im already needed a bailout once, in 1987, and with a history of making loans to companies like Solyndra it could happen again. Read more here...
One of the hallmarks of the political elite is being disconnected from their constituents. The more time they spend in Washington, D.C. the wider the gap between their priorities and the concerns of their constituents.
One sure sign of an elected official’s detachment is when they get mired in a controversy over their home state residence.
Astonishingly, Senators of both political parties have been challenged over where they really live. Read more here...
Republican Dave Brat secured his second endorsement in two days from a leading national conservative advocacy group, with FreedomWorks for America lauding him Wednesday as a “liberty candidate” in the race to replace former House Majority Leader Eric Cantor.
“In order to preserve the economy for future generations, we need people in Washington who actually understand how the economy works,” said FreedomWorks president Matt Kibbe. “Dave Brat is a liberty candidate who pledges to fight Common Core, defund ObamaCare, audit the Federal Reserve, protect civil liberties, and return power back to the states in every way possible.” Read more here...
A few months ago, comedian Louis C.K. tweeted his frustrations about Common Core while attempting to help his kids with their math homework.
He gained a lot of praise for his remarks (and some criticism) for his remarks. People from across the political spectrum have concerns about the new educational standards. Here at FreedomWorks, we often hear from parents who are fed up with the math homework that their children are bringing home.
To give everyone an idea, here are some examples of Common Core math problems. Read more here...
FreedomWorks for America has endorsed GOP candidate Mark Walker for the 6th Congressional District seat currently held by Howard Coble.
The group describes itself as having a 6 million member volunteer base working to elect candidates who fight for lower taxes, less government, and more freedom.
“Mark Walker is a true grassroots fiscal conservative with the guts to turn his ideas into real change," said FreedomWorks for America President Matt Kibbe. "We are proud to endorse him and look forward to working with our activists in North Carolina to help him win in November.” Read more here...
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Adam Brandon Executive Vice President, FreedomWorks