Just a few days after declaring his support of the Export-Import Bank, President Trump will nominate former Rep. Scott Garrett (R-NJ), a leading critic of the bank, to head it, the Wall Street Journal reports.
“Mr. Garrett voted in 2012 and in 2015 against renewing the charter of the Ex-Im Bank, which guarantees loans for companies that export U.S. products. Mr. Garrett, a New Jersey Republican who served seven terms in the House, lost a bitterly contested election in November to Rep. Josh Gottheimer (D-NJ).”
Garrett called the Ex-Im Bank a “corporate welfare program” and said it is “crony capitalism.”
Playbook: “To those who say Trump’s decision-making process is becoming more linear — explain putting a staunch opponent of the Export-Import Bank at its helm just days after the president trumpeted its import… Most people don’t know what the Export-Import bank is, or does, so putting someone atop the bank who wants to destroy it won’t garner a ton of attention. But it’s a pretty clear sign that Trump isn’t quietly abandoning his unconventional approach to governing.”
