Can anyone tell me what exactly the export-import bank is,

[babylonsister]

and what this means? The Club for Growth has continuous ads here in FL encouraging everyone to vote for Alan Grayson v. Patrick Murphy, both FL Dems AFAIK. What's the story with this? Thanks!

Club for Growth - Official Site
www.clubforgrowth.org

Conservative political advocacy group led by Chris Chocola and based in Washington, DC. Endorses candidates who support limited government, lower taxes and ...

[HooptieWagon]

1. Export import bank...

...makes low interest loans to foreign entities buying American made goods. That's about as much as I know about it.

[babylonsister]

2. Thanks for that. I find it

curious they're pushing Grayson so heavily and apparently spending a lot of money to do so.

[pscot]

3. They think Grayson will be easier to beat in the general election

because he's seen as damaged goods. This is rat-fucking 101.

[babylonsister]

4. But they're promoting him. Doesn't make sense. nt

[pscot]

5. They'd rather face Grayson than Murphy

in the general election.

[babylonsister]

6. Ah, ok. They're spending a lot of money to make that happen. nt

[pscot]

8. Sounds like it.

[pampango]

7. From last year: Elizabeth Warren Attacked By Club For Growth For Supporting Export-Import Bank

The Club For Growth is targeting Sen. Elizabeth Warren (D-Mass.) with a web video attacking her support for the Export-Import Bank, intensifying the conservative effort to take the populist economic mantle away from the Democratic Party.

Warren is tremendously popular among Democrats, and has built her political career by taking on big Wall Street banks and their supporters in both political parties. But the Club's three-minute video argues that her backing of the Export-Import Bank is inconsistent with that effort.

“Senator Warren believes that the Export-Import Bank helps create American jobs and spur economic growth, but recognizes that there is room for improvement in the bank’s operations,” Warren spokesman Lacey Rose told HuffPost. “She looks forward to reviewing re-authorization legislation if and when it is introduced.”

Warren's office gave the same statement to .Bloomberg in July. Liberals once decried Ex-Im as a corporate welfare agency, since a tremendous amount of the bank's business assists just a handful of very large companies, including Boeing and General Electric. While some continue to criticize the agency, including activist Ralph Nader and Rep. Alan Grayson (D-Fla.), nearly all Congressional Democrats have closed ranks in defense of the agency. Former Rep. Barney Frank (D-Mass.) and Sen. Chuck Schumer (D-N.Y.) have both said they think the issue will help Democrats win over big business.

http://www.huffingtonpost.com/2014/08/27/elizabeth-warren-club-for-growth_n_5723536.html

The tea party caucus in the House has been out to get the export-import bank for a long time.