Tuesday, May 20, 2014 at 10:19AM
May 20, 2014
These Guys Use 'Small Business' to Get Their Way in Washington
Saying that something helps small businesses is a great way to gain public support for your cause. Except when it’s not true.
Take, for example, claims about the government-run Export-Import Bank, which subsidizes U.S. exports by providing discount loans to foreign governments and businesses to purchase American goods. According to bank Chairman Fred Hochberg: “Helping small businesses…grow and compete on the global stage is at the heart of the Bank’s mission.”
Boosting the fortunes of mom-and-pop businesses certainly sounds noble — and much more likely to win support from Congress. But the real beneficiaries aren’t exactly what most people would consider “small.”
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