On June 30, the White House stepped in to the fight to defend the record of the presently lapsed Export-Import Bank by releasing some data on the export value and the number of exporters and small businesses supported by the Ex-Im Bank for each state as well as for DC and Puerto Rico.
In its release, the White House stated, “Over the last six years [2009–2014], Ex-Im has supported a total of $235 billion of exports from more than 7,500 businesses.”
The White House also touts the oft-cited figure of 164,000 jobs supported by the Ex-Im Bank in 2014.
The White House figures, for the most part, do not match Ex-Im Bank’s own numbers...
There is, however, one crucial place where the Ex-Im Bank figures and the White House data are consistent.
They both show that the Ex-Im Bank supports a trivial share of exports, small businesses, and exporters in each state.
Indeed, in the vast majority of cases, exporters sell their products overseas the good, old American way—without a government handout....
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