03/20/2012 01:19 pm ET

Export Competitiveness, Import Cronyism: The Case Against Ex-Im

There are two kinds of companies who receive corporate welfare from Washington: successful businesses that don’t need it, and unsuccessful companies that don’t deserve it.

Everything else you hear from politicians when corporate welfare comes up – rhetoric about public-private partnerships, about matching Europe’s subsidies of foreign competitors – is a mere distraction from the truth: They are mortgaging our children’s and grandchildren’s future to subsidize the politically connected.

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