(The former Boeing Chairman)
(AGAINST CRONY CAPITALISM) Sadly we had a feeling he would. You know, because of jobs.
Boeing’s bank continues to live on. Congratulations taxpayers.
When early drafts of the Trump budget started to circulate after the inauguration, the Export-Import Bank—one of Washington’s most notorious corporate-welfare programs—was among the agencies destined for the chopping block. Now the actual budget is out, and the bank has been spared the ax. The Washington Examiner‘s Tim Carney reports that this “follows many reports from congressional fans of Ex-Im that Trump had been persuaded to love the agency, which primarily subsidizes Boeing sales.” (Barack Obama underwent a similar transformation, denouncing the bank as “little more than a fund for corporate welfare” while he was running for president but fighting to preserve it once in office.)