Thursday, April 13, 2017

Trump flips on Ex-Im Bank

Reported here:

His budget chief Mick Mulvaney said on CNBC (transcript via Reason) Wednesday that Trump was now pro-Ex-Im, and the president himself professed his love for Boeing's bank to the Wall Street Journal:

The president said he planned to fill two vacancies on the bank's board, which has been effectively paralyzed with three open seats on its five-member board.

"It turns out that, first of all, lots of small companies are really helped, the vendor companies," Mr. Trump said. "But also, maybe more important, other countries give [assistance]. When other countries give it we lose a tremendous amount of business." ...

"Instinctively, you would say, 'Isn't that a ridiculous thing,'" Mr. Trump said of the Ex-Im Bank. "But actually, it's a very good thing. And it actually makes money, it could make a lot of money."

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