The Corner

The Message of Ex-Im

The economics of the Export-Import Bank are pretty bad, but the politics are, in some ways, arguably worse. 

Think about the outlook that Republicans communicate with their persistent and sometimes furtive support of Ex-Im: “We’re generally against activist government when it comes to domestic economic matters, against corporate favoritism, in favor of free markets and free enterprise, and all that. But we’ll make exceptions. For you? No, not for you, loser. But we’ll make exceptions for Boeing.” 

It’s like congressional Republicans have considered the cartoon versions of them put forward by Bernie Sanders et al. and said, “Yeah, let’s be those guys.” 


Most Popular

White House

More Evidence the Guardrails Are Gone

At the end of last month, just as the news of the Ukraine scandal started dominating the news cycle, I argued that we're seeing evidence that the guardrails that staff had placed around Donald Trump's worst instincts were in the process of breaking down. When Trump's staff was at its best, it was possible to draw ... Read More
Politics & Policy

Elizabeth Warren Is Not Honest

If you want to run for office, political consultants will hammer away at one point: Tell stories. People respond to stories. We’ve been a story-telling species since our fur-clad ancestors gathered around campfires. Don’t cite statistics. No one can remember statistics. Make it human. Make it relatable. ... Read More

Is America Becoming Sinicized?

A little over 40 years ago, Chinese Communist strongman and reformer Deng Xiaoping began 15 years of sweeping economic reforms. They were designed to end the disastrous, even murderous planned economy of Mao Zedong, who died in 1976. The results of Deng’s revolution astonished the world. In four decades, ... Read More
Economy & Business

Andrew Yang, Snake Oil Salesman

Andrew Yang, the tech entrepreneur and gadfly, has definitely cleared the bar for a successful cause candidate. Not only has he exceeded expectations for his polling and fundraising, not only has he developed a cult following, not only has he got people talking about his signature idea, the universal basic ... Read More