POLITICS: Campaigns

Shelley Moore Capito called out on corporate-welfare bank

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Beltway Confidential,Opinion,Timothy P. Carney,West Virginia,Campaigns,Export Import Bank

Rep. Shelley Moore Capito, R-W.Va., voted to reauthorize the Export-Import Bank in 2012. She sits on the House Financial Services Committee, where the bill's fate may be sealed. And she's running for Senate.

Capito's libertarian opponent John Buckley is making crony capitalism a theme of his critiques of the front runner, and today he introduced Ex-Im into the debate:

The Ex-Im Bank is a paragon of corporate welfare and a slush fund for big business. ... There’s no justification for further assaulting their wallets for a loan program subsidizing international corporations. ...

Capito should reverse course, stand up to her big business backers, and let businesses compete without government subsidy.

In the post-Eric Cantor world, Republicans may be more sensitive to this.

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