Clinton’s Support For Ex-Im Rooted In Cronyism, Critics Say


Daily Caller News Foundation logo
Peter Fricke Contributor
Font Size:

Democratic presidential candidate Hillary Clinton has arguably become the Export-Import Bank’s most prominent cheerleader, which some critics argue is just further evidence she is a crony capitalist at heart.

Despite making “everyday Americans” a central part of her campaign theme, a number of Clinton’s recent policy positions “tell a different story,” argues Andy Koenig, a senior policy adviser at Freedom Partners Chamber of Commerce, in an op-ed for Forbes Monday.

Most notable, Koenig says, is Clinton’s support for Ex-Im, which has been “one of the few issues she’s actually addressed on the campaign trail.” (RELATED: Clinton Supports Subsidies for Firms that Gave to Foundation)

At a recent event in New Hampshire, for instance, she gave a forceful defense of the bank and called on Congress to reauthorize its charter. And during a 2010 hearing, while she was Secretary of State, Clinton even said she would like to put Ex-Im “on steroids.”

“Just like Hillary Clinton, the Ex-Im Bank is at the beck-and-call of some of America’s largest companies,” Koenig claims, pointing out that large corporations received 81 percent of all Ex-Im financing in 2013, and that the top 10 recipients accounted for nearly two-thirds of the bank’s authorizations.

Many of those corporations—including Boeing and General Electric, the top two recipients—are also major donors to the Clinton Foundation. Ex-Im Chairman Fred Hochberg was a bundler for Clinton’s 2008 presidential campaign. (RELATED: Ex-Im Criticized for Lending to State-Controlled Foreign Companies)

In fact, Hochberg was a “Hillraiser,” meaning he secured six-figure donations for the campaign in addition to making a separate, five-figure personal contribution to the Clinton Foundation, according to an Americans for Tax Reform blog post Monday by ATR Federal Affairs Associate Alexander Hendrie.

Moreover, ATR notes that Ex-Im has provided millions of dollars in loans to clients of a consulting firm run by Bill Clinton’s former Chief of Staff, though the bank has yet to comply with a 2013 FOIA request from watchdog groups seeking information about the transactions. (RELATED: Boeing Threatens to Outsource Jobs if Ex-Im is Shut Down)

“Perhaps the biggest reason that Clinton loves Ex-Im,” Hendrie speculates, “is because it has become part of her political machine.”

Spokespersons for Clinton’s campaign did not respond to requests for comment from The Daily Caller News Foundation.

Follow Peter Fricke on Twitter

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact