The Koch front on the Export Import Bank
The LIBRE Initiative bills itself as a non-profit group that pushes a message of economic freedom and limited government among the Latino community. But the Koch bankrolled group is just a front for the Koch’s self-interested agenda. The LIBRE Initiative has been pushing to block a minimum wage hike, oppose the expansion of medicaid, and fight against clean energy legislation, and now do away with the Export-Import Bank.
The mission of the Bank is to create and sustain U.S. jobs by financing sales of U.S. exports to international buyers. In FY 2014 the export-import bank funded $10.7 billion in small business exports, making small business exports the top category for Ex-Im Bank last year. The reauthorization of the Bank is set to expire in June — if Congress doesn’t act.
Of course, the Kochs are opposed to the program because it gives small businesses an […]