If you want a pluperfect example to epitomize the
stupidity of America’s team-sports approach to politics, look no
further than the Export-Import Bank. Once upon a time, liberals
condemned Ex-Im. It was “little more than a fund for corporate
welfare,” candidate Barack Obama said in 2008. Left-wingers
routinely deplored the way the bank did big favors for big
businesses such as Boeing and Enron, at the expense of the little
guy both at home and abroad. But lately, writes A. Barton Hinkle,
the bank—it’s actually a government agency—has come under fire from
tea party populists, too. They oppose it for many of the reasons
liberals did, plus one more: its distortion of the free market.
Government, they say, should not be picking winners and losers.
Lo and behold, suddenly Ex-Im is becoming a cause célèbre on the
left, with so-called progressives like Elizabeth Warren rushing to
its defense. Apparently, Hinkle writes, some folks would rather
think the other side is wrong than be right themselves.
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