Club for Growth Opposes Obama’s Last Ditch End-Around for Export-Import Bank

“The Export-Import Bank is exactly the kind of bureaucratic swamp that the American people want drained.”

 

Washington, DC – Club for Growth president David McIntosh released the following statement in response to reports that the Obama administration wants Congressional Republicans to change the rules for how the Export-Import Bank operates:

 

“The Export-Import Bank is exactly the kind of bureaucratic swamp that the American people want drained,” said Club for Growth president David McIntosh. “In electing Donald Trump, they voted for a candidate who said Ex-Im, is ‘really not free enterprise,’ calling it, ‘…a one-way street… feather bedding for politicians… and a few companies… that can do very well without it.’

 

“Yet now, President Obama wants to make a last-minute rule change to give a handful of Ex-Im bureaucrats the power to approve taxpayer-backed loans for foreign deals that exceed $10 million. Congressional Republicans need to stand with taxpayers and firmly oppose Obama’s effort. The Export-Import Bank is unnecessary government cronyism that needs to go away, and not be given an expanded opportunity to continue its corruption.”