On Ex-Im Bank, the Democrats Are the Real Corporate Shills

The Daily Beast reports:

When it comes to being pro-big business, conventional wisdom says the Republicans are most likely to distribute the goods. It’s a valid criticism. Republicans are indeed big supporters of business interests. But these days, they are second to the Democrats.

Case in point: The congressional Democrats’ recent and unanimous support for the Export-Import Bank. A bill recently introduced by Democrats would reauthorize the bank’s charter for seven years and expand its lending ability by $20 billion.

The ExIm Bank has been around for decades. Its primary activity is to extend cheap loan guarantees and direct loans to foreign companies to buy U.S goods under the pretense of boosting exports and creating jobs.

The heart of the rent-seeking society.