February 17, 2012 9:05AM 

# President Obama To Promote Possibly Limitless Corporate Welfare 

By [Sallie James](https://www.cato.org/people/sallie-james) 

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The *Wall Street Journal* reports today that President Obama [will formally announce his intention to let Beijing set U.S. export credit policy](http://online.wsj.com/article/SB10001424052970204792404577228451191365234.html) \[$\] at, fittingly enough, a Boeing plant. Boeing is obviously feeling a bit of political heat about the fact [it benefits from almost half of Ex-Im’s disbursements](https://www.cato.org/pub_display.php?pub_id=13249), though, so they are pledging to commit more than $700 million to small business so they can better access credit. They’ve also stepped up their lobbying efforts, this time [hiring a Republican-aligned lobbying firm ](http://dyn.politico.com/members/forums/thread.cfm?catid=25&subcatid=82&threadid=6438568)to help them squash some mutinous feeling among Republican ranks.

[Here’s Don Boudreaux’s take](http://cafehayek.com/2012/02/obama-corporate-welfare-champion.html); spot-on, as usual.

##### Related Tags 

[Tax and Budget Policy](https://www.cato.org/tax-budget-policy), [Trade Policy](https://www.cato.org/trade-policy), [Herbert A. Stiefel Center for Trade Policy Studies](https://www.cato.org/herbert-stiefel-center-trade-policy-studies) 

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