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The Boston Globe


Sorry, Congress: Preserving Export-Import Bank subsidies doesn’t make you pro-business

During 2010, the Tea Party got the attention, but the election revolt against bailouts, subsidies, and spending came from all sides. Voter sentiment hasn’t changed much — but you wouldn’t know that from the action last week on the US House floor, where renewing Export-Import Bank subsidies for big business was the order of the day.

Compared with big-spending Democrats, Republicans still have a long way to go before losing the mantle of limited government. But if the overwhelming vote to reauthorize the bank is any guide, they think the widespread disdain for subsidies has run its course. Last week’s Indiana primary shows otherwise.

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