Club for Growth Slams Export-Import Bank On First Day Of Conference

 Club for Growth President Chris Chocola: “When President Obama called the Export-Import Bank ‘little more than a fund for corporate welfare,’ he was right. The Export-Import Bank is nothing more than a taxpayer-backed slush fund that benefits a few politically-connected companies more than anyone else, and it’s time to shut it down.”

Washington, DC – Today, the Club for Growth issued the following statement in response to the first day of the Export-Import Bank’s annual conference:

“When President Obama called the Export-Import Bank ‘little more than a fund for corporate welfare,’ he was right. The Export-Import Bank is nothing more than a taxpayer-backed slush fund that benefits a few politically-connected companies more than anyone else, and it’s time to shut it down.” said Club for Growth President Chris Chocola.“The Export-Import Bank has given subsidies to Solyndra. It’s given subsidies to Mexican drug cartels. It’s given subsidies to an oil company with ties to the Russian Mafia. It’s given subsidies to Enron. It’s subsidized Hollywood movies. It asked for a multi-billion dollar bailout before, and we have no doubt it will ask for one again in the future if it continues to exist.”