In an interview with Fox News, incoming House Majority Leader Kevin McCarthy (R-CA) revealed leadership's first significant policy shift: opposition to reauthorizing the Export-Import Bank when its current charter expires on Sept. 30, a move that would shutter the credit agency.
"One of the problems with government is it's going to take hard earned money so others do things that the private sector can do. That's what Ex-Im Bank does," he said. "I think Ex-Im Bank is one that government does not have to be involved in. The private sector can do it."
You've just read the entire raison d'etre of the GOP. The private sector can do it. It doesn't mean the private sector can do it well, can do it better than the public sector, or even should do it, but at every turn the GOP wants their private sector corporate donors involved in every step of the process, making them more and more profit at our expense.
The private sector certainly can teach our children, police our communities, put out fires, build and maintain our roads, and more. But should they? Should the driving mission of any of those be profit margins instead of providing for the common good?
It is in McCarthy's world. And those profits go to his friends. That's the real crony capitalism that Republicans are looking to create.
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