the ex-im bank: can congress tackle cronyism's lowest-hanging fruit?

The Ex-Im Bank: Can Congress Tackle Cronyism's Lowest-Hanging Fruit?

Veronique de Rugy

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Why Should Anyone Care About The Ex-Im Bank?

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The Ex-Im Bank Is Cronyism at Its Worst

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Myths About The Ex-Im Bank

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Myth #1:It Promotes Exports

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Myth #2:It Creates Jobs

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Myth #2:It Creates Jobs

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Myth #3:It Promotes Small Businesses

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Myth #4:It Is Profitable

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Myth #4:It Is Profitable

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Myth #5:It Is Necessary to Counter Other

Countries’ Export Subsidies

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The Ex-Im Bank Has Millions of Unseen Victims

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Ex-Im’s Unseen Victims Include:• Foreign buyers without a subsidy• Domestic firms• Consumers• Taxpayers

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What’s Next?• Lame Duck• Expiration of Ex-Im’s current

authorization (June)

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Questions?Contact me at vderugy@mercatus.gmu.edu

@veroderugy

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