Back in April, President Trump announced the nomination of former New Jersey Representative Scott Garrett to be president of the Export-Import Bank. Garrett would replace Fred Hochberg, a longtime liberal and devoted friend of the Clintons. Trump also announced the nomination of former Representative Spencer T. Bachus III to the Ex-Im Bank’s board. When it comes to the Bank, the only thing the nominees have in common is that they were former Republican congressmen. However, they differ widely in their views on the Bank.
On one hand, we have Representative Garrett who was a great ally in the fight some of us in the free-market movement led against the crony agency over the last four years. On the other hand, you have Representative Bachus who has repeatedly embraced the redistribution of privileges from the federal government to large and wealthy manufacturers and foreign companies in the name of our need to boost U.S. exports – in spite of evidence that the Bank accomplishes neither goal.
Read more at nationalreview.com
