export-import bank

Export-Import Bank is a swampy tool of self-enrichment for insiders

Timothy P. Carney, Washington Examiner

The Export-Import Bank of the United States is a corporate-welfare agency that puts U.S. taxpayers at risk when foreign companies, and foreign governments, buy U.S. goods on credit. Standing at this intersection of multinational business deals, banking, bureaucracy, and Big Government, it’s no surprise that Export-Import is also characterized by corruption and self-enrichment — of both the legal and illegal nature. Foolishly, the Republican Senate is set to confirm three Export-Import board members. This would not only betray the limited government talk of conservative Republicans, but it would also abandon President Trump’s pledge to drain the swamp.

Attack on Ted Cruz: Can the GOP’s Capitol Hill “Leaders” Get Any Lower?

What really got Ted Cruz in trouble was not calling Mitch McConnell a liar – everyone in Washington already knows McConnell is a liar – what got Cruz in trouble with DC’s inside operators was telling the truth about how Capitol Hill works.

Ex-Im Bank Dead – Or Is It?

The Export – Import Bank’s charter officially expired at midnight last night and those opposed to its cronyism and corruption rightly celebrated its demise. But the celebration may be just a little premature as the corporate vampires who have gotten fat sucking the taxpayers dry through Ex-Im and other crony government deals haven’t given up on maintaining their subsidized loans and insider deals.

Export-Import Bank ends operations as Congress failed to reauthorize

Andrew V. Pestano, UPI

The Export-Import Bank of the United States will end operations tonight as Congress failed to reauthorize its charter before the July 4 recess. The bank will not be able to arrange new loans for the first time since it was implemented 81 years ago. Democrats and a few Republicans are attempting to renew the bank's charter, which could see the bank's rebirth by late July.

Can Obama's Powerful Cronies Save Ex-Im Bank?

Club for Growth Spokesman Barney Keller said this about President Obama's 180 on reauthorizing the Export-Import Bank, "2014 Obama should follow the lead of 2008 Obama, who called the Export-Import Bank a ‘fund for corporate welfare.’ While reauthorizing the Export-Import Bank may mean millions in profits for the President's golfing buddies, it also means billions in taxpayer exposure to just a few politically connected companies.”

Lee: An Issue That Should Bring Libs & Conservatives Together: Fighting Cronyism

Sen.Mike Lee, Heritage Foundation Blog

An artifact of the New Deal, the Ex-Im Bank now exists to dole out taxpayer-backed loan guarantees to foreign buyers of American goods. Anti-cronyist reform is at once pro-growth, principled, and popular. It's essential to transforming our movement into a majority.