To her supporters, Senator Elizabeth Warren is a champion of the downtrodden and bane of the wealthy.
To those of us who know better, she’s a government-always-first leftist who is quite fine with helping the biggest and wealthiest corporations in America so long as the government grows.
We have the Heritage Foundation to thank for this. As Timothy Carney (Washington Examiner) pointed out, Heritage reached out to Warren to see if she would help them fight the Export-Import Bank. No dice: “Senator Warren believes that the Export-Import Bank helps create American jobs and spur economic growth.”
Never mind that so many of the products financed by the bank are intermediate products for foreign firms competing against Americans. Never mind that export subsidies are far and away the worst type of trade intervention for an economy. Never mind that the Congressional Budget Office and the General Accounting Office have laid waste to the arguments the Bank itself peddles (The Corner). Never mind the numerous examples of fraud (Daily Signal). Never mind that it is such a profit-padder for Boeing that it’s nickname is “the Bank of Boeing.”
Clearly, for Elizabeth Warren, some corporate welfare is better than others.
Cross-posted to the right-wing liberal