Ex-Im Bank Is a Tiny But Tempting Target

Critics of this export subsidizer are overreacting. They're also right.

It has its defenders.

Photographer: Chip Somodevilla/Getty Images

In Washington, the high-stakes battles of yesteryear have given way to a grim stalemate, in which Obama doesn't try to do much of anything, and Republicans half-heartedly try to stop him from doing not very much, and everyone tells reporters how important it all is.

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