Crony Capitalism at its worst. However, we have bigger fish to fry over the next 2+ years.
I’m not sure that the Ex-Im bank is a “conservative” issue.
The posted article notes that theExIm bank brings in foreign business and is operating in the black. It makes the unconvincing argument that the ExIm bank should expire because it might go bad like Fannie Mae.
Some argue that independent financing should be sought rather than government financing. And this is a good point. But only for smaller trades.
What bank do foreign entities go to for large trades? Airplane orders. Power plants. Oil tankers. Independent financers simply don’t have the means to back a $10 billion loan.
Calling it ‘crony capitalism’ simply ignores the difficulty in financing large trades.
Boehner and his ilk are all about crony capitalism, while participating in the communist take over of America.