All That’s Left Are Fights Over Trivia

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Here’s the latest political news:

Political Battle Over Export Bank Heats Up

Lawmakers at a recent House hearing on the future of the Export-Import Bank were given an extra piece of reading material: a personalized index card laying out exactly which companies in their districts benefit from the financing agency and how many people they employ.

The cards, which supporters of the bank plan to give to every member of Congress in coming weeks, are part of a lobbying push by corporations such as Boeing Co. and General Electric Co., and business groups such as the U.S. Chamber of Commerce and National Association of Manufacturers. Their goal is to combat the most serious threat yet to the survival of the agency, which is under assault by new House leadership and conservative groups that say it amounts to corporate welfare.

What does this say about us?  As near as I can tell, this is the most important domestic political battle in the country right now. That’s right: reauthorizing the Export-Import Bank. Can you think of anything more trivial? This is a government agency that costs taxpayers nothing—in fact, it’s recorded a profit over the past decade—and, at worst, will cost us no more than a tiny amount in the future. On the flip side, although reliable figures are hard to come by, its impact on our export business is probably pretty minuscule.

So it costs nothing and has a tiny impact on the economy. And that’s what we’re fighting over this month. Why? Because there’s not much point in fighting over anything that’s actually important. Welcome to America in 2014.

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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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