President Obama brags about "record-breaking year[s]" of subsidizing U.S. exports through the Export-Import Bank of the United States, a government agency.
He's right that his Ex-Im has ramped up its level of taxpayer-backed financing, but that entire increase comes from amazing increases in subsidies for Boeing.
In non-Boeing subsidies, Obama's Ex-Im has actually done less. Yep, Obama's FY 2012 non-Boeing Ex-Im subsidies of $2.54 billion were less, even in nominal dollars, than Bush's non-Boeing Ex-Im subsidies of $2.55 billion in 2008.
But Boeing might have to rely on the private sector a little more going forward, if this Reuters report is correct:
What's putting this purported pinch on corporate welfare? The Tea Party:
This is part of a growing -- if inconsistent and nascent -- trend of the Tea Party dragging the GOP away from K Street and away from corporatism.