THE GRIP OF THE EXPORT-IMPORT BANK

George Will had a good piece recently about the Export-Import Bank, and how government programs easily get their tentacles so securely in place that they cannot be removed. Politicians that were once opposed, are now in favor because of their respective constituents who draw benefits from subsidies supplied by the bank, which began in 1934 during the Great Depression as part of the New Deal.

This is what happens with so many government programs that are either outdated and need reform, or need to be scrapped altogether, but are not because of vested interests. This makes the conservative and libertarian job nearly hopeless.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s