Washington Post Goes to Bat for Boeing and General Electric (i.e. the Export-Import Bank)

Steve Mufson picked up the Washington elite's quest to get more money for some of the country's biggest corporations by telling readers that the Export-Import Bank is not really corporate welfare because it makes a profit.

"It isn’t much welfare; the bank has an excellent lending record — a default rate of 0.175 percent as of September 2014 and a 50 percent recovery rate on defaulted loans — and the appropriation for about $110 million covers administrative expenses."

This displays the sort o...