Your money to Enron & China

     
10:55 a.m. ET/May 1, 2002

This announcement is very short notice.  We've learned the House will vote
on reauthorizing US taxpayer money for Export-Import Bank around 5:00 p.m.
ET today.

Your tax dollars went to Enron and to Communist China.  According to
columnist Robert Novak, Enron received $650 million in taxpayer-financed
"assistance" from the Export-Import Bank.  According to the Congressional
Research Service, Communist China receives the greatest benefit from trade
subsidized by the Export-Import Bank (Eximbank).

"Eximbank's use of taxpayer funds to support Enron is outrageous, but hardly
surprising.  Most of the beneficiaries of Eximbank are either Enron-like
outfits that must rely on political connections and government subsidies to
survive, or large multinational corporations that need not rely on the
taxpayer to underwrite their export business.  Shutting down Eximbank is one
of the best things Congress could do to promote real economic growth.
Please oppose welfare for Enron-like companies at the expense of  American
entrepreneurs, workers, taxpayers, and consumers."  -- Congressman Ron Paul,
letter to fellow House members

"Eximbank's practice of forcing Americans to subsidize trade with tyrannical
regimes like communist China is a sufficient reason to oppose HR 2871.
However, there are other reasons to oppose Eximbank.  First, Eximbank
supports only 2% of US exports.  Second, Eximbank is little more than
corporate welfare.  The vast majority of Eximbank funding goes to Enron-like
outfits that must rely on political connections and government subsidies to
survive or large multinational corporations that need not rely on the
taxpayer to underwrite their export business.  Please oppose
taxpayer-subsidized trade with communist China at the expense of American
entrepreneurs, workers and consumers.  Vote no on HR 2871."  --  Congressman
Ron Paul, letter to fellow House members

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http://capwiz.com/liberty/issues/alert/?alertid=146047&type=CO

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http://capwiz.com/liberty/dbq/officials/

Robert Novak's column:  "Enron's Corporate Welfare" April 29, 2002
http://www.creators.com/opinion_show.cfm?columnsName=rno

Kent Snyder
The Liberty Committee


 

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