Good News: Congress Showed Bi-Partisanship Over Export-Import Bank
The House voted today to revive the Export-Import Bank. That is great news, but equally good news to report is some of that support came from moderate Republicans. It was of course a major setback for far right-wing conservatives who think they should be able to stop government from functioning. They had wanted to kill the legislation as they view it akin to being corporate welfare.
But in a stunning show of bi-partisanship the house voted 313 to 118 to send the legislation to the Senate. It will now take a bit of craftsmanship to get the bill to President Obama’s desk.
But I know it will get done as the will to do it is there in congress.
In the end this bill will be attached to other must-pass legislation–in this case the senate’s long-term highway bill. If the House passes its own long-term highway bill next week, as expected, supporters say that will serve as the vehicle for a conference bill that will include Ex-Im’s renewal.
There is nothing here about corporate welfare that can stick as a description. This has long been a useful tool to allow for America to better compete on the world market. This year stats prove that the last wave of loan guarantees supported more than 160,000 U.S. jobs.
Good paying jobs, too.
There are not many times in the recent past I have had the joy of reporting that Washington can work. Or that congress can function.
Would it not be great if this was a new chapter about to start in the way our government operates?