If you believe the likes of liberal columnists Thomas Frank, Frank Rich, and Jane Mayer, the Cato Institute is part of a “pro-corporate movement.” I would like Frank, Rich, and Mayer, then to explain this Cato Institute paper calling for the abolition of the most blatant bit of corporate welfare in our government — the Export-Import Bank of the United States.

Ex-Im exists to subsidize the exports of U.S. manufacturers — mostly Boeing — by loaning money and guaranteeing private bank loans to foreign buyers who buy American goods. In short, Ex-Im puts taxpayer money on the line to boost the sales of Boeing, GE, Halliburton, Bechtel, and Westinghouse.