Trump had said that the Export-Import Bank of the United States was a bad idea. An example of classic crony capitalism. But that position may have just changed. If so that would be disappointing, bad for taxpayers, and would further our system of crony capitalism.
The Export-Import Bank should die. If it doesn’t with a GOP president, Senate, and House then that tells taxpayers all they need to know.
(From Government Executive)
Trump told Heitkamp he had thought the bank was a bad idea because many Republicans had criticized it, the Wall Street Journal reported on Friday. But Trump reportedly changed his mind after speaking with the CEO of Boeing Co.
“The news of yesterday’s meeting with the President and Senators Heitkamp and [Joe Manchin, D-W. Va.] is encouraging, and we look forward to continuing our work with the administration to bring EX-IM back to full functionality to support U.S. jobs,” said Caroline Scullin, senior vice president of communications at the bank, said in a statement to Government Executive.