corporate welfare
Manufacturing Extension Partnership
Corporate Welfare Absurdity
Feds and the States Tag-Teaming on Corporate Welfare
Federal, Indiana Governments Dole out Corporate Welfare Together
Eric Cantor Sprints After His Bolted Horse
Several Republican congressmen have written to U.S. Export-Import Bank President Fred Hochburg, asking some probing questions about the business plan the bank submitted to Congress last month. They rightly express concern about the bank’s operations and risk management. They also cite the nondiversified portfolio of the bank, with its high reliance on the aircraft sector (which has long been about half of the bank’s exposure) singled out for particular concern. The letter, in short, gives a good indication of where bodies are buried at Ex-Im.
New Essay: Ending the Export-Import Bank
Downsizing Government has added a new essay on ending the Export-Import Bank, which subsidizes the financing of U.S. exports. Author Sallie James argues that the Ex-Im Bank creates economic distortions and mainly benefits large corporations that can obtain their own private financing.
The 'No More Solyndras Act' Charade
Last week, the House passed the “No More Solyndras Act” on a mostly party-line vote. However, instead of terminating the Department of Energy loan guarantee program that subsidized Solyndra and other boondoggles, the bill allows applicants who filed before the first of this year to still receive handouts.
Washington Post Zings "Green" Auto Subsidies
Even the Washington Post’s editorial board can see that the Obama administration’s “green” automobile subsidies have been a failure:
Enron: Dependent on Government
A new piece at the Library of Economics and Liberty written by Robert J. Bradley is a timely reminder that it’s often government policies that fosters bad corporate behavior—not the “free market” as the left likes to claim.
Ryan and the Janesville Plant: the Fact that Matters
The latest conflagration over the media’s attempt to “fact-check” campaigning politicians centers on comments Paul Ryan made in his speech last night about a shuttered GM plant in his hometown of Janesville, Wisconsin: