Wednesday, July 2, 2014

Military Industrial Complex Loves the Export-Import Bank

-Voices of Liberty Podcast
The Export-Import Bank, an organization created with an executive order from then-President Franklin D. Roosevelt, does not represent free markets.

The military industrial complex loves the Export-Import Bank, a “slush fund for the politically connected corporate elite” to enhance our country’s military power around the globe, according to a recent article on

That article cites another, written by defense analyst Tom Donnelly for the American Enterprise Institute, in which Donnelly states that, “The problem with the [Ex-Im] bank is not that it underwrites commercial sales, but that it no longer backs the sales of arms.”

In this discussion, Ron explains how it benefits the rich at the expense of the poor.