Obama’s corporate welfare: No level playing field

By Timothy P. Carney

Published February 19, 2012 5:00am ET

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Obama’s corporate welfare: No level playing field — President Obama went to a Boeing factory last week and promised to help the $56 billion corporation by giving it more taxpayer subsidies. Obama called on Congress to reauthorize and expand the government agency that most embodies corporate welfare — the Export-Import Bank of the United States. The Boeing factory in Washington state was a […]

President Obama went to a Boeing factory last week and promised to help the $56 billion corporation by giving it more taxpayer subsidies.

Obama called on Congress to reauthorize and expand the government agency that most embodies corporate welfare — the Export-Import Bank of the United States. The Boeing factory in Washington state was a fitting location, given that most of Ex-Im’s finance dollars — 66 percent of its guarantees last year — subsidize Boeing sales.

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