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GOP Majority Leader McCarthy Putting Speakership Ambitions Above American Jobs & Economy

July 7, 2015
Blog Post
House Republican Majority Leader Kevin McCarthy is not shy about his ambition to succeed Speaker Boehner.  Is that the reason why McCarthy is so adamantly opposed to the job-creating Export-Import Bank which extremist House GOP Members and groups highly influential in the Republican Government Shutdown of 2013 despise?  Considering the Ex-Im Bank has created 1.5 million jobs since 2007 and has generated $27.4 billion for the American taxpayer – at zero cost – that he would put his political ambitions before the priorities of the American people is not that far-fetched.  From The Hill:

A possible House vote this month on whether to renew the Export-Import Bank carries big risks for Majority Leader Kevin McCarthy.

The California Republican has spent the past year positioning himself as an ardent foe of the bank, which finances overseas investments for U.S. companies.

In doing so, McCarthy has aligned himself ahead of a possible Speakership race next year with a growing faction of GOP conservatives...

Killing off the bank would give McCarthy, the No. 2 House leader, something to bolster his conservative bona fides…  

It's no secret the controversial Ex-Im issue has McCarthy "constantly looking over his shoulder," said one senior House Republican aide.

McCarthy is the favorite to succeed Boehner…But leaders of the conservative House Freedom Caucus may try to make the race competitive, and Hensarling is seen as a possible challenger.

"The fight over Ex-Im is no longer just about policy, it's part of a larger battle between the current power structure and Hensarling," the GOP aide said.

A former GOP aide said it makes sense for McCarthy, who once backed the bank, to oppose it so that he and Hensarling have the same position.

Newspapers across the country have been highlighting the important impact the Ex-Im Bank has on the national, state and local economy – and the devastating loss the expiration of the Bank's charter is and will have to businesses large and small:

MLive Lansing (Michigan) – A struggle within the Republican Party puts Michigan's export business at risk

The Spokesman-Review Editorial (Washington) – Editorial: Businesses, trade losers in ideological struggle over Export-Import Bank

Miami Herald EditorialRevive the Ex-Im Bank

Wall Street Journal – Total Ex-Im Bank Shutdown May Harm Aviation Sector

Business Insider – Boeing: Shutting down the US Export-Import Bank would put us at a 'huge competitive disadvantage'

Inside Tucson Business (Arizona) – Export-Import Bank authorization lapses, leaving firms in ‘uncharted territory'

While Leader McCarthy and House Republicans find time for personal ambitions, special interest giveaways and radical failed policies, thousands of export-reliant workers and small businesses who rely on the Export-Import Bank to sell their goods overseas remain in limbo.