Warren kicked off her 15-minute speech at the Nutroots, er netroots Convention, talking of her work creating the Consumer Financial Protection Bureau and facing the evil banks that are ripping people off. She then crowed that she took on those big banks, saying, "We fought back," and "we won."
"We won," she said, "because you and a zillion other people across this country got in the fight. ... You called out sleazy lobbyists and cowardly politicians" to "win this fight."
Yet, as Warren celebrated her big win against evil banks and corporations with the CFPB, leading her Netroots audience to think she is against corporations, she didn't mention that she now loves corporate welfare, as she supports the Export-Import Bank.
Sen. Elizabeth Warren (D-MA) may market herself as a progressive populist, but when forced to choose between everyday Americans and billion dollar international corporations, Warren sides with the corporations.
“Senator Warren believes that the Export-Import Bank helps create American jobs and spur economic growth," Warren spokeswoman Lacey Rose wrote in an e-mail to Bloomberg News, "She looks forward to reviewing re-authorization legislation if and when it is introduced."
In fact, the Export-Import Bank does not create any net jobs. Whatever jobs it does create for the corporations it subsidizes are lost by non-subsidized businesses.
In reality, all the Export-Import Bank really is, to quote then-candidate Barack Obama, is "little more than a fund for corporate welfare."
In FY 2013, the bank authorized financing totaling $27.3 billion—a 28 percent increase from 2009—including $636 million for China and $630 million for Russia.Taxpayers’ exposure now totals nearly $134 billion.
Multinational corporations attract the largest proportion of Ex–Im financing, including the construction and engineering firm of Bechtel, ranked by Forbes as the fourth-largest privately held company by revenue, and Lockheed Martin, valued in excess of $50 billion. But the bank’s foremost beneficiary is Boeing, the world’s largest aerospace company (with a market capitalization exceeding $91 billion). In the past five years, the company has profited from 197 Ex–Im deals totaling $48 billion. Last year alone, Boeing-related financing comprised 30 percent of all Ex–Im activity...