News flash for Reed and Cramer: regurgitating the statutory language that Congress handed to you is quite different from actually doing something.
The Export-Import Bank pushed out some new programs in the name of helping exporters, but three out of these four new programs are meant to serve Boeing.
The House passed a bill to fund and revamp the Export-Import Bank, the agency that finances exports of U.S. goods and services to other countries.
I am disappointed to see that so many Republicans support cronyism. They should know better.
If you look around, you'll see that corporate welfare is everywhere. And boy, is it even more so when the Export-Import Bank is involved.
Economists have shown that export subsidies do very little to affect the balance of trade.
Being "pro-business" doesn't mean doing to bidding of corporations eager to protect their government handouts.
President Trump nominated former Representative Scott Garrett to become the new president of the crony Export-Import Bank
Michigan representative Justin Amash has reintroduced a bill to terminate the Ex-Im Bank once and for all.
The Trump budget keeps the Export-Import Bank alive but kills the Overseas Private Investment Corporation.