Welcome back, Congress! During your recess, we marked the anniversary of Osama bin Laden’s death. It was an anniversary well worth marking, and America is safer with the world’s most notorious terrorist out of commission.
At the end of this month, the Congressional reauthorization for the bank expires. The purpose of the Export-Import Bank is a worthy one: promoting products made in America to be sold across the globe. However, once the federal government gets in the business of banking, you have a problem because it is picking winners and losers.
What’s it going to take to get the American people’s confidence in the economy back on track? According to economists, the recession ended in June 2009. Three years later, it still doesn’t feel like much of a recovery.