Why Killing The Ex-Im Bank Is Crucial To The Future Of Capitalism

The surface facts make abundantly clear that the case for the Ex-Im Bank is truly lame. In the most recent year (2013), its credit guarantees and other programs accounted for $37 billion of exports or less than 2% of the $2.2 trillion of exports generated by the US economy. Moreover, by the bank's own reckoning only about $12 billion of these Ex-Im deals deployed taxpayer subsidies in order to "meet competition from a foreign, officially sponsored export credit agency"....
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