Post
Topic
Board Economics
Re: The Export-Import Bank
by
Mobius
on 10/08/2014, 20:53:25 UTC
Should it stay or should it go? It is little more than thinly disguised corporate welfare.

It should go. Its just another market distorting corporate subsidy at taxpayer expense.
If it were to go wouldn't it put American companies (and the US economy) at a competitive disadvantage? Hint: the answer is yes because most other industrialized countries have similar subsidies. The result of shutting the ex-im bank would be that the US economy would grow less then it otherwise would and jobs would be relocated overseas that would otherwise be competitive in the US.