The Export-Import bank (Ex-Im) is a government entity for distributing corporate subsidies. A test for Tea Partiers and Fiscal Conservatives is whether to try to eliminate it. It susceptible to cronyism and corruption like any other program. Or will this be yet another exception to downsizing government?
Here’s an analysis on why it should be eliminated.
The Export-Import Bank of the United States picks winners in the U.S. economy, redistributing resources from the productive sector to its chosen clients. While it has been self-financing for a number of years, taxpayers remain exposed to tens of billions of dollars of loans and guarantees.