President Donald Trump on Friday announced his nomination of former Rep. Scott Garrett (R-NJ), who fiercely opposed to the Export-Import Bank while in Congress, to serve as president of the agency.
Garrett served on the House Financial Services Committee until losing a bitter election last year to Rep. Josh Gottheimer (D-NJ). Garrett, a Freedom Caucus member, was known for hardline views, including anti-gay sentiments that reportedly prompted him to withhold paying his dues to the National Republican Congressional Committee out of concerns they would support gay GOP candidates, according to Politico.
While in Congress, Garrett also advocated for letting the Export-Import Bank’s authorization expire.
I opposed the House’s vote to reauthorize the corporate welfare program known as the Ex-Im Bank. #CronyCapitalism https://t.co/pSbg0RMrdu
— Scott Garrett (@RepGarrett) October 27, 2015
Trump himself was a critic of the Ex-Im Bank, which is the federal government’s export credit agency and has been labeled a form of “corporate welfare” by some conservatives. His views reportedly changed after a meeting with former Boeing Jim McNerney Tuesday, CNBC reported, and he now favors keeping the Ex-Im Bank authorized.
“Actually, it’s a very good thing. And it actually makes money, it could make a lot of money,” Trump told the Wall Street Journal Wednesday.
In addition to announcing Garrett’s nomination, the White House said Friday that Trump would nominate former Rep. Spencer Bachus (R-AL) to serve on the Export-Import Bank’s board. Bachus chaired the House Financial Services Committee and was a supporter of the agency while in Congress .
Both nominations will require Senate confirmation
Issues are hard!
Trump To Nominate Export-Import Bank Opponent To Head Export-Import Bank
Nice headline TPM.
Another nitwit.
Yesterday there was some discussion here as to whether these appointments-Pruitt, Betsy and innumerable others, most recently this guy, were deliberately obnoxious. Answer: where there’s this much venom, there’s a nest of snakes somewhere. The difference here is that Big Business really loves the eximbank–helps develop customers in new markets. The eximbank isn’t going anywhere. This guy is a vacuous talking head for the Anti-global crowd, etc.
I don’t believe for one minute that Garrett has all of a sudden seen the light on Ex-Im Bank. I think he’s saying that so he can get through the Senate hearings and eventually chew away at it from within.
Rump isn’t some unwitting dupe in nominating him. He agrees 100% that Ex-Im Bank needs to go and go it shall. Anyone on Wall Street who thought that either Rump or Garret has changed their stance is a fool.