The U.S. government’s Export-Import bank is being condemned both by liberals and by conservatives right now. You would think with liberal critics like Ralph Nader and others, Elizabeth Warren would be leading the charge.
But no. Far from condemning the mechanism for giving public subsidies to businesses, Elizabeth Warren says it is a great idea. Bloomberg reports:
The Tea Party-aligned group sent a letter today to Sen. Elizabeth Warren, a Massachusetts Democrat known for taking populist stands against corporate America, inviting her to speak about ending the lender “and the political favoritism it engenders.”
“We, like you, are frustrated with a political economy that benefits well-connected elites at the expense of all Americans,” Heritage Action Chief Executive Officer Michael Needham wrote. “Your presence will send a clear signal that you are going to fight the most pressing example of corporate welfare and cronyism pending before Congress right now.”
Alas, it doesn’t sound like the former Harvard law professor will be lecturing to Heritage audiences any time soon.
“Senator Warren believes that the Export-Import Bank helps create American jobs and spur economic growth, but recognizes that there is room for improvement in the bank’s operations,” Warren spokesman Lacey Rose tells us in an e-mail. “She looks forward to reviewing re-authorization legislation if and when it is introduced.”
So, to review: the Tea Party people, who allegedly never get along with anyone, and supposedly never reach across the aisle, were happy to partner with a known left-wing Senator in a project that would be mutually beneficial. And in response, the Left-winger refused to work on a bipartisan project. Instead, she took the side of crony capitalism against the Tea Party.
Elizabeth Warren has been touted as a possible contender of the next Democrat presidential nomination. She is supposed to be an alternative to Hillary, who everyone knows is in the pocket of Wall Street. But this demonstrates she is no real alternative at all. She is all rhetoric and no substance.