How often does the Heritage Foundation publish that Ralph Nader shows bipartisanship that is good for conservatives?
But the Daily Signal basically promoted Ralph Nader’s HuffPo editorial about Left and Right working together to terminate the Export-Import Bank.
I have recently traveled from New York to California talking to audiences from the left, right and middle about my new book, Unstoppable: The Emerging Left-Right Alliance to Dismantle the Corporate State. The topic has been how activists from both the right and left side of the political spectrum can come together to bring about long-overdue changes in America. With the current “Do-Nothing” Congress halting progress on many important issues, there is much skepticism in America about political rivals coming together in support of common goals. But a major issue that could create unlikely allies is now coming to a head on Capitol Hill.
As a September 30 deadline looms, Congress must decide on whether or not to reauthorize the controversial Export-Import Bank. Established in 1934 by an Executive Order from President Franklin Delano Roosevelt, the Ex-Im bank provides credit to domestic exporters and foreign importers to the U.S. The Ex-Im bank has long been accused of being little more than a corporate welfare fund, mostly for Big Business, by outspoken progressives and conservatives.
In short, the function of Ex-Im is to subsidize businesses that export American products. The major problem with this agency comes from the fact that a big bulk of Ex-Im funds go to huge, wealthy companies, such as the Ex-Im’s largest beneficiary Boeing, which in 2013 received 30 percent of its loans and guarantees.
Unlike Nader, I’m happy with the Do-Nothing Congress except when they refuse to really oppose President Obama. And I would be against the Ex-Im bank even if it only supported small businesses. But Nader has more insight and integrity than Elizabeth Warren and I appreciate his stance.
The bottom line is that Nader is right. There is a real opportunity for liberals and conservatives to get rid of a corrupt institution. The sooner the better.