National Politics - 2016

Rebuking Ex-Im Crony Capitalism: Props To Jeb Bush

ESTABLISHMENT “REPUBLICAN” TO THE RIGHT OF … MARK SANFORD? || By FITSNEWS ||  This website has made it abundantly clear Jeb Bush is not our candidate of choice for president in 2016.  Sure, we love his record when it comes to market-based academic reforms, but beyond that he’s just not in…

ESTABLISHMENT “REPUBLICAN” TO THE RIGHT OF … MARK SANFORD?

|| By FITSNEWS ||  This website has made it abundantly clear Jeb Bush is not our candidate of choice for president in 2016.  Sure, we love his record when it comes to market-based academic reforms, but beyond that he’s just not in our ideological matrix.

What matrix is that, you may ask?  It’s pretty simple: We believe government should do a handful of things – i.e. cops, courts, prisons, select infrastructure and a limited market-based social safety net – in the name of protecting life, liberty and property.

Beyond that, it should get the hell out of the way and let freedom … and free markets … ring.

Oh, we’re not the only ones who believe that, either.  You (or most of you) believe it, too … you’re just not voting in a manner consistent with those beliefs.

“You could ask 1000 people what characteristics they want in a president and 990 will describe (former U.S. Rep.) Ron Paul,” wrote Thad Beversdorf, the chief economist at ABX/Bullion Capital. “However, ask 1000 people what they think of Ron Paul and 990 will say he’s crazy. Why?? Because that’s what we’ve been told to think. So we think it. It is that simple.”

It is … which is why we endorsed Ron Paul‘s 2012 GOP primary campaign.  And why we endorsed former New Mexico governor Gary Johnson in the general election.

Anyway …

We do give Bush props this week for his recently announced decision to oppose the U.S. Export-Import bank – a.k.a. “Boeing’s Bank.”

This crony capitalist slush fund offers billions of dollars in favorable loans (guaranteed by taxpayers) to a select few foreign corporations – the vast majority of whom turn around and buy airplanes from Boeing.

Who does this benefit?

“In the case of Ex-Im Bank, the route of subsidy capture is crystal clear: it goes overwhelmingly to the shareholders of Boeing and GE, and to the respective bonus and stock option pools of their top executives,” David Stockman of the website Contra Corner wrote last summer.

Yeah … these people.

Who does Ex-Im hurt?  American-based airlines, who are forced to sacrifice routes to keep up with foreign competitors who have just been granted an unfair competitive advantage.

Those lost routes mean higher ticket prices for you …

Being the “Republican” establishment favorite, we were surprised to see Bush oppose this market-distorting, corporate handout.  But he did.

“I think most of these things should be phased out,” Bush said last month, referring to the broader issue of government subsidies for the private sector.

Included in Bush’s list? “Boeing’s Bank.”

His reason for opposing it?

“We should find ways to lessen the contingent liability of the federal government,” Bush said.

That’s true … but more fundamentally, such handouts are unfair.

However he arrived at his decision, Bush’s rebuke of the bank is especially encouraging seeing as he’s campaigning in early-voting South Carolina – home to a heavily subsidized Boeing manufacturing facility.

It’s also quite a contrast to the recent sellout on this issue by U.S. Rep. Mark Sanford – who claims to be a limited government conservative and who once explicitly rejected such crony capitalist deals.

No more, apparently …

Anyway, props to Bush on this issue.  Let’s hope the other 2016 candidates follow his lead.

***

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14 comments

M2000 April 15, 2015 at 11:39 am

Wait a second…doesn’t Gary Johnson have an issue with wRONg Paul’s son Rand? Oh and Dr. Paul did endorse Mark Sanford….that makes him a fraud…

Reply
Torch April 15, 2015 at 1:37 pm

And he’s buds with Nikki. He recommended the last bat shit crazy DSS Director.

Reply
TroubleBaby April 15, 2015 at 11:49 am

“We believe government should do a handful of things – i.e. cops, courts, prisons, select infrastructure and a limited market-based social safety net”

It’s funny, because as you make your argument that government should do all of those things-it seems as if they actually do none of them successfully let alone cost effectively.

Reply
vicupstate April 15, 2015 at 11:55 am

990 out of 1000 people correctly understand that the other 10 people buy into an overly simplistic world view that does not and never has existed.

Reply
Slartibartfast April 15, 2015 at 12:01 pm

Fascism, the original economic term for “crony capitalism,” is dear to anyone who thinks control is the ultimate goal of government; yet, it too will fail as small businesses die off, and labor becomes regulated, along with every other living thing.

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TroubleBaby April 15, 2015 at 12:15 pm

We are doomed to yet again repeat history.

Reply
Photo Finish April 15, 2015 at 12:14 pm

FITS, you’re far more likely to win the argument that the Federal Government, any government, should not manage a program such as the Ex-Im Bank, say as opposed to a war on Boeing. This is just one reason why people think the RuPaul’s of the world are bat-shit crazy, such as when they attack the private sector, albeit subsidized. I’m against it too, but there’s no reason to wage jihad against Boeing. Better there than in Washington state or AirBus sales going through the roof across the globe.

Reply
TSIB April 15, 2015 at 12:53 pm

“Sure, we love his record when it comes to market-based academic reforms”

You mean enriching his brother Neil with taxpayer money?

This site is so full of shit.

Reply
GrandTango April 15, 2015 at 2:06 pm

FITS is all but irrelevant. Same dead end, different day…

Until FITS figures it out – or starts being pertinent- .he’s worthless.

Reply
Saluda Rapids April 15, 2015 at 3:03 pm

Says the spectacularly failed “blogger.”

Reply
GrandTango April 15, 2015 at 3:05 pm

Ironic MUCH…???

You’re too F*#king stupid to know how F*#king stupid you are…LMAO…

Reply
Daniel Boome April 15, 2015 at 6:15 pm

Wow, what a great comeback. He hits a nerve, right between the eyes and all you’ve got in return are juvenile insults. What an incredible intellect on display. FITS would be irrelevant without you.

Reply
GrandTango April 15, 2015 at 5:48 pm

LMAO…..
PAPER: CLINTON IOWA STOP STAGED; CAMPAIGN DROVE ‘ORDINARY’ VOTERS FOR PHOTO-OP….

SUCKS to be Yall….Hahahahaha…

Reply
Daniel Boome April 15, 2015 at 6:12 pm

Sucks to way more to be you. Your candidate is Elizabeth Warren.

Reply

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