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GOP is off target on Export-Import Bank

GOP is off target on Export-Import Bank

The new, tea-infused Republican Party has been training its rhetorical sights on "crony capitalism," the chummy relationship between government and the private sector that breeds subsidies and regulatory favors. Indeed, some Republicans seem to think that crony capitalism is at play whenever government helps business, for whatever reason. That's bad news for the Export-Import Bank, a federal agency that helps American companies attract customers overseas by absorbing risks that private lenders won't touch.

Governments regularly intervene in markets in the name of public safety, economic growth or consumer protection, drawing squawks...