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?
• Expiration of Ex-Im’s current authorization (June)
• All It takes is to do nothing• Possible reform options
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Questions?
Contact me at
[email protected]
@veroderugy
Bridging the gap between academic ideas and real-world problems