Maxine’s Ex-​Im Brokerage

“In Maxine Waters’ economy,” wrote Timothy Carney yesterday, “big business rows the boat while government steers.”

The Democratic Congresswoman, known for championing the poor and the less well-​off, just loves throwing money around.

Including to the rich.

Carney shows that, for all her anti-​big biz talk, she’s playing into the hands of big business.

On Tuesday, Waters held a rally in support of the Export-​Import Bank. Among the welfare queens on stage with her was a lobbyist for Boeing.

And not without reason. “More than 80 percent of Ex-Im’s subsidy dollars support big businesses,” Carney explains. “Ex-Im’s biggest subsidy product is long-​term loan guarantees, and last year two-​thirds of those … supported Boeing exports.”

Senator Mike Lee has come out swinging against Ex-​Im, taking what he sees as the “moral high ground against political corruption.”

Maxine Waters objects to such upstart Republican interference in what she insists is a “legitimate” function of government. So used to robbing some to lavish on others, she apparently thinks this racket defines the government’s purview.

And Waters enthusiastically serves as a broker in the ongoing exploitation of consumers for the benefit of a few (insider-​blessed) businesses.

In the marketplace, businesses get rich serving customers. When seeking taxpayer handouts, on the other hand, they get rich serving politicians.

Maybe that’s why  freedom troubles politician Waters.

This is Common Sense. I’m Paul Jacob.