The cronyism and inefficiency on display at this particular agency applies to many other agencies as well.
Here's an example of Washington cronyism, provided to us by the Export-Import Bank.
In the end, I predict that all we are likely to get from this EO is bad climate policies.
Though often maligned, the Ex-Im Bank makes the U.S. more competitive in international markets.
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.