In Case You Missed It: Ron Paul Comments on Obama/Reid Ex-Im Bank Proposal

“No one who truly supports free markets, limited government, and the taxpayers can support reauthorizing Ex-Im Bank.” – Ron Paul, March 16^th

LAKE JACKSON, Texas – Congressman and 2012 GOP Presidential candidate Ron Paul issued the following statement on March 16^th regarding President Obama and Senator Reid’s scheme to renew the Export-Import Bank (Ex-Im Bank) by attaching it to a bipartisan JOBS bill.

Today the Ex-Im began its 37th annual conference, during which bank supporters discussed market-distorting intervention in global trade, intervention that occurs with scarce taxpayer dollars while wealthy corporations reap the benefits.

Below, please see comments Dr. Paul made on March 16^th regarding the Ex-Im Bank:

“No one who truly supports free markets, limited government, and the taxpayers can support reauthorizing the Ex-Im Bank.  Ex-Im Bank is an unconstitutional corporate welfare program that takes money from American taxpayers and gives it to politically powerful corporations like Boeing and General Electric.

“I hope my fellow Republicans in Congress will join me in opposing any bill that renews Ex-Im Bank.

“Throughout my years in Congress, I have led the fight to shut down Ex-Im Bank.  Unfortunately, neither Newt Gingrich nor Rick Santorum joined me in this cause when we served in Congress together.  Governor Mitt Romney has been conspicuously silent about the issue.  However, his past record suggests he likely supports corporate welfare boondoggles.

“I am the only candidate the taxpayers can trust to stop handing over their hard-earned money to big corporations through unconstitutional programs like Ex-Im Bank.”

Read more at Ron Paul-Restore America Now