Skip to content

What Does Project 2025 Say?

Share this page:

On November 5, 2024, the United States Elected Donald J. Trump to a second term. The day after that, his allies gleefully admitted that Project 2025 was their – and his – agenda the entire time.

This is what we’re up against.

Check My Voter Registration
Register To Vote
Menu
Menu

Share this page:

On November 5, 2024, the United States Elected Donald J. Trump to a second term. The day after that, his allies gleefully admitted that Project 2025 was their – and his – agenda the entire time.

This is what we’re up against.

Check My Voter Registration
Register To Vote
“Even more telling is the performance of the U.S. economy and American exports during the four years when EXIM lacked a board quorum (2015–2019) and was barred from finalizing deals in excess of $10 million. During that time, EXIM authorizations fell from $21 billion in FY 2014 to $3.6 billion in FY 2018 (adjusted for inflation). However, also during that time, regular big-ticket EXIM beneficiaries continued to benefit from their easy access to capital markets and still had the ability to finance their export activities.”
Citation: Project 2025, Section 4.3: Export-Import Bank, Veronique de Rugy, page 751, paragraph 4
Context:

Is it true that the Ex-Im shutdown between 2015 and 2019 had no real impact? No.

“However, a new study coauthored by Stanford Graduate School of Business finance professors Chenzi Xu and Adrien Matray challenges this narrative. Analyzing the impact of the temporary shutdown of the Export-Import Bank of the United States (EXIM) between 2015 and 2019, they find that companies relying on its support experienced a significant downturn in exports and saw their global sales plummet an average of 10% relative to similar firms.” [Source]

Whether you’re a very large company or a small business, 10% amounts to a lot of money. There are a few schools of thought on whether or not Ex-Im’s support for exports is a good idea, but the results of suddenly NOT having its support are fairly concrete.

At the time, Heritage Action for America (now known as the Heritage Foundation) Dan Holler said, “Conservatives delivered a historic policy victory.” So, the Heritage Foundation had their dirty fingerprints on the shutdown, making it no surprise that one of their own is arguing for the Ex-Im bank’s demise now.

Full contextual analysis of Section 4.3: Export-Import Bank here.

Section:
Categories: ,