Listening to the liberal Diane Rahms (sp?) show on NPR this morning. Long talk about the Ex Im bank. They chatted on and on. Not once did anyone say how much running Ex-Im cost us taxpayers. General agreement that Ex-Im helped US industry. All the lefties on the panel decried Ex-Im because it helped companies, they feel companies should be burned to the ground rather than helped. Trouble with that sentiment is that most of us make our living working for companies. What's good for our company is good for us.
The real issue, as I said last week, is the cost to taxpayers. If Ex-Im makes a profit, or doesn't use much taxpayer money, it's a good thing. If it is swallowing billions of tax payer dollars it's a bad thing.
One number did come out. Ex-Im finances $30 billion worth of exports a year. For that, I would fund Ex-Im with perhaps $30 million a year and call it a good deal for the country. A thousand fold return on investment isn't bad business.
Does anybody know what Ex-Im really costs us to run?