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When did the export/import bank become and issue and why?
THIS HAD BIPARTISAN SUPPORT FOR SO LONG, WHY IS IT AN ISSUE?
The modern opposition to EX-IM can be traced back to the Tea Party wave of 2010 and the rise of anti-government conservatism that has gripped Capitol Hill since. Many conservative Republicans see EX-IM as engaging in "crony capitalism," meaning that the government is picking winners and losers by deciding what companies get loans, are insured, etc.
It also coincides with the rise of strong outside conservative groups such as Heritage Action, Club For Growth, Americans for Prosperity and other organizations backed by the Koch Brothers.
Opponents of EX-IM have attracted some prominent and vocal supporters eager to tap into the Tea Party energy and to not upset the outside conservative groups. Republican presidential candidates Sen. Ted Cruz of Texas and former Florida Gov. Jeb Bush as well as House Majority Leader Kevin McCarthy, R-California, all oppose the bank.
On the left, some like Democratic presidential candidate Vermont Senator Bernie Sanders say that EX-IM subsidizes large corporate interests that turn around and ship jobs overseas. Sanders wants to eliminate EX-IM and send funds to small businesses only.
The modern opposition to EX-IM can be traced back to the Tea Party wave of 2010 and the rise of anti-government conservatism that has gripped Capitol Hill since. Many conservative Republicans see EX-IM as engaging in "crony capitalism," meaning that the government is picking winners and losers by deciding what companies get loans, are insured, etc.
It also coincides with the rise of strong outside conservative groups such as Heritage Action, Club For Growth, Americans for Prosperity and other organizations backed by the Koch Brothers.
Opponents of EX-IM have attracted some prominent and vocal supporters eager to tap into the Tea Party energy and to not upset the outside conservative groups. Republican presidential candidates Sen. Ted Cruz of Texas and former Florida Gov. Jeb Bush as well as House Majority Leader Kevin McCarthy, R-California, all oppose the bank.
On the left, some like Democratic presidential candidate Vermont Senator Bernie Sanders say that EX-IM subsidizes large corporate interests that turn around and ship jobs overseas. Sanders wants to eliminate EX-IM and send funds to small businesses only.
Read more here: http://www.nbcnews.com/news/us-news/six-things-know-about-export-import-bank-n399786
