2008 Flashback: Obama Says the Export-Import Bank Doesn’t Work
Obama Flip-Flops on Export-Import Bank (Washington Free Beacon)
Once again, President Obama has flip-flopped on another issue.
In 2008, then Sen. Obama (D., Ill.) opposed the Export-Import Bank calling it “little more than a fund for corporate welfare.”
A complete position reversal was exposed during a Friday news conference when Obama strongly defended the institution:
“But for some reason, right now the House Republicans have decided that we shouldn’t do this, which means that when American companies go overseas and they’re trying to close a sale on selling Boeing planes, for example, or a GE turbine or some other American product that has all kinds of subcontractors behind it and is creating all kinds of jobs and all of sorts of small businesses depend on that sale, and that American company’s going up against a German company or a Chinese company, and the Chinese and the American—the German company are providing financing and the American company isn’t, we may lose that sale,” Obama argued.