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This is a common theme in Republican administrations dating back to presidents Richard Nixon and Ronald Reagan. What you do is you break the government, make it very hard for the government to function, and then you loudly announce that the government can’t do anything.

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The Case for the Export-Import Bank

ENDNOTES
1. — David A. Stockman, The Triumph of Politics: Why the Reagan Revolution Failed (New York: Harper & Row, 986), pp. 113-114.
2. — President Franklin D. Roosevelt, “Executive Order 6581 Creating the Export-Import Bank of Washington,” February 2, 1934, https://www.presidency.ucsb.edu/documents/executive-order-6581-creating-theexport-import-bank-washington#:-:text=Executive%200rder%206581%20Creating%20The%20Exportmport%20Bank%20of,by%20promoting%20the%20fullest%20possible%20utilization%200f%20 (accessed February 23, 2023). 3. Export-Import Bank of the United States, Annual Report 2007, p. 14, https://img.exim.gov/s3fs-public/ O7.pdf (accessed March 21, 2023).
managed-documents/ar20
4. — Export-Import Bank of the United States, Annual Report 2074, pp. 84 and 86, https://img.exim.gov/s3fspublic/reports/annual/EXIM-2014-AR.pdf (accessed March 21, 2023).
5. Export-Import Bank of the United States, Annual Management Report for the Year-Ended September 30,
m 2022, and September 30, 202], pp. 1 and 7, https://img.exim.gov/s3fs-public/reports/annual/2022/EXIM%20 FY22%20AMR%20Final_ SignOff_ 508 _v27_FINAL.pdf (accessed March 22, 2023). 6. — Export-Import Bank of the United States, Annual Report 2008, pp. 35 and 63, https://img.exim.gov/s3fspublic/reports/annual/2008AnnualReport.odf (accessed March 22, 2023). 7. Export-Import Bank of the United States, Annual Report 20/5, pp. 28 and 42, https://img.exim.gov/s3fspublic/reports/annual/EXIM-2015-AR.pdf (accessed March 22, 2023). 8. — Export-Import Bank of the United States, Annua/ Management Report for the Year-Ended September 30, 2022, and September 30, 202], pp. 1 and 18, https://img.exim.gov/s3fs-public/reports/annual/2022/EXIM%20 FY22%20AMR%20Final_ SignOff_ 508 _v27_FINAL.pdf (accessed March 22, 2023). 9. — Ibid. 10. Veronique de Rugy, “Export-Import Is Still Boeing’s Bank,” Mercatus Center at George Mason University Data isualization, March 3, 2015, https:/Awww.mercatus.org/research/data-visualizations/export-import-stillboeings-bank (accessed March 21, 2023). 11. Veronique de Ruay, “The Export-Bank: Winners and Losers of Government-Granted Privilege,” Testimony before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, June 2, 2015, https://www. mercatus.org/research/federal-testimonies/export-import-bank-winners-and-losers-government-grantedprivilege (accessed February 23, 2023). 12. Veronique de Rugy, Nita Ghei, and Michael Wilt, “Should the US Export-Import Bank Be Reauthorized?” Mercatus Center at George Mason University Policy Brief, July 28, 2015, httos://www.mercatus.org/research/ policy-briefs/should-us-export-import-bank-be-reauthorized (accessed February 23, 2023). 13. Veronique de Rugy, “Emirates to Ex-Im Bank: We'll Be Just Fine Without You,” National Review, The Corner, September 8, 2014, https://www.nationalreview.com/corner/emirates-ex-im-bank-well-be-just-fine-withoutyou-veronique-de-rugy/ (accessed February 22, 2023). 14. Sallie James, “Time to X Out the Ex-Im Bank,” Cato Institute, Herbert A. Stieffel Center for Trade Policy, Trade Policy Analysis No. 47, July 6, 2011, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1960016 (accessed February 22, 2023), and Salim Furth, “Export-Import Bank: What the Scholarship Says,” Heritage Foundation Backgrounder No. 2934, August 7, 2014, https://www.heritage.org/trade/report/the-export-import-bankwhat-the-scholarship-says. 15. Veronique de Rugy and Justin Leventhal, “Ex-lm Bank: A Comparative Analysis of Pre- and Post-Quorum Lending,” Mercatus Center at George Mason University Policy Brief, April 23, 2019, pp. 1 and 2, https://www. mercatus.org/research/policy-briefs/ex-im-bank-comparative-analysis-pre-and-post-quorum-lending (accessed February 22, 2023). 16. Ibid., p. 5. 17. Fred P. Hochberg, Trade is Not a Four-Letter Word: How Six Everyday Products Make the Case for Trade (New York: Simon & Schuster/Avid Reader Press, 2020), p. 71. 18. Export-Import Bank of the United States, Agency Management Report for the Years Ended September 30, 2020, and September 30, 2019, pp. 2 and 4, https://img.exim.gov/s3fs-public/reports/ annual/2020/S508Compliant_EXIM%20Q4%20FY20%20AMR%20FINAL_Signoff_updated12.1.2020.pdf (accessed February 22, 2023).

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