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Ted Cruz: Obama Backs Corporate Welfare

Usatoday.com 7/30/2014

“… Even though President Obama once said on the campaign trail in 2008 that the Export-Import Bank is “little more than a corporate welfare fund,” Democrats in Washington have shown no serious willingness to abolish it. In fact, President Obama is requesting a $20 billion increase in the bank’s lending authority — from $140 billion in 2014 to $160 billion by 2018. …”

Read the entire article: http://www.usatoday.com/story/opinion/2014/07/30/export-import-cruz-column/13331967/