Is the Ex-Im Bank Truly the Work of Satan?

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Veronique de Rugy writes about the recently passed Continuing Resolution that kept the government from shutting down:

I for one am relieved that they didn’t use the CR as a way to restore the full-lending authority of the crony Export Import Bank and I commend the senate for it….[But] this CR funds the government only until December 9, which means that Congress will once again have to consider a massive and unaccountable 2017 spending bill during a lame-duck session. The chance of lawmakers using this opportunity to load the bill with pork projects, Ex-Im’s full revival, and other special-interest handouts…is significant.

This is just an idle question, but how is it that the Export Import Bank became such a tea party hot button? I don’t personally care about it too much one way or the other, but I understand why a lot of people are opposed to it. Still, it’s a relatively small program, and its net cost to taxpayers is zero or close to it. Even if it is a congressional piggy bank, it hardly seems worth getting in a lather about.

So how did it become such a bête noire for the right? Does anyone know if there’s an interesting backstory here?

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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