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CAGW Names Rep. Charlie Dent October Porker of the Month

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Today, Citizens Against Government Waste (CAGW) named Rep. Charlie Dent (R-Pa.) its October Porker of the Month for his efforts to allow the wasteful Export-Import (Ex-Im) Bank to function with limited accountability.

The Ex-Im Bank is an independent government agency that was founded in 1934 to help encourage U.S. exports.  The bank provides taxpayer-backed direct loans, guarantees, and export credit insurance, which totaled $12.4 billion in fiscal year (FY) 2015.

Rep. Dent called Ex-Im, “an important job creation tool of the United States” in a lengthy defense of the bank in an August 12, 2016, Lebanon Daily News op-ed.  But, Rep. Dent is failing to tell his constituents the inconvenient fact that 64 percent of Ex-Im Bank financing is directed to just 10 giant, highly profitable corporations,

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