UNDERSTANDING THE CONSERVATIVE PROMISE: MANDATE FOR LEADERSHIP
Project 2025 Watch
EXECUTIVE BRANCH
VS
CONSTITUTION
Chapter 23:
Review
Reading Mandate with Summary
The Export–Import Bank (EXIM), a U.S. federal agency created in 1934, should be abolished. Its mission—to support American exports, jobs, and small businesses—is undermined by its harmful, outdated, and protectionist practices.
Key Arguments:
Corporate Welfare and Market Distortion: EXIM primarily benefits large, politically connected corporations like Boeing, GE, and Westinghouse.
Roughly 40% of its loan authorizations go to Boeing alone, while all small businesses combined get just 25%.Foreign beneficiaries include state-backed or well-funded companies like Mexico’s Pemex and Emirates Airlines.
Economic Misconceptions:
Export subsidies are economically counterproductive; they do not increase overall employment or GDP.
Former Reagan OMB Director David Stockman criticized EXIM as a "mercantilist illusion" that reduces GNP and distorts the economy by picking winners and losers.
EXIM’s Diminished Role Proves Its Redundancy:
Between 2015 and 2019, EXIM was largely incapacitated due to the lack of a board quorum.
Despite this, U.S. exports remained strong, and unemployment dropped to historic lows—undermining the claim that EXIM is essential for exports or job creation.
Subsidies Do Not Create New Exports or Jobs:
Most financed exports would occur anyway without EXIM support, according to industry testimony.
EXIM merely redistributes trade and job opportunities from unsubsidized to subsidized firms, rather than expanding them.
Exports Are a Cost, Not a Benefit:
The paper challenges the popular belief that exports inherently boost the economy.
Instead, imports contribute to GDP, while exports represent goods leaving the domestic economy.
Conclusion of Part 1:
EXIM distorts markets, risks taxpayer money, and falsely claims to enhance competitiveness and job creation. The evidence shows its operations are neither necessary nor beneficial, even when judged by its own goals.
This passage from Mandate for Leadership: The Conservative Promise outlines a strongly critical view of the Export–Import Bank of the United States (EXIM), arguing that the agency is economically inefficient, unfair, and fails to meet its stated strategic goals—particularly in countering China’s influence. Here's a breakdown of the main points and arguments:
Chapter 23: EXECUTIVE OFFICE OF THE PRESIDENT OF THE UNITED STATES
PAGE 717-730
AUTHOR: Veronique de Rugy and Jennifer Hazelton
AUTHOR BACKGROUND CHECK:
Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University, where she holds the George Gibbs Chair in Political Economy. Her expertise encompasses U.S. fiscal policy, taxation, government spending, and cronyism. De Rugy is a prolific writer and commentator, contributing weekly columns to outlets like Reason magazine and Creators Syndicate, and her analyses have appeared in major media such as The Wall Street Journal, The New York Times, and Fox News. She has also testified before Congress on issues related to fiscal stimulus, debt, and regulation. Her academic background includes a Ph.D. in economics from the Panthéon-Sorbonne University and an M.A. from Paris Dauphine University. Prior to her current role, she was affiliated with the American Enterprise Institute, the Cato Institute, and the Atlas Economic Research Foundation.
While specific details of her involvement in Project 2025 are not publicly documented, de Rugy's extensive work aligns with the project's objectives of promoting limited government and fiscal responsibility. Her critiques of expansive government spending and advocacy for free-market principles resonate with the themes of Project 2025. Through her research and commentary, she continues to influence discussions on economic policy and government reform.
Jennifer Hazelton is a seasoned communications strategist with a diverse background in media, government, and political campaigns. She began her career in journalism, holding positions at CNN and Fox News Channel, before transitioning into public affairs roles within the U.S. government. Hazelton served in senior communications positions at the U.S. Agency for International Development (USAID), the Export-Import Bank of the United States, and the State Department. Notably, she was the Communications Director for Donald Trump’s 2016 presidential campaign in Georgia. Her academic credentials include a Bachelor of Arts from the University of Georgia and an MBA from Emory University.
In Project 2025, Hazelton co-authored Chapter 23 of the Mandate for Leadership, focusing on the Export-Import Bank. Collaborating with economist Veronique de Rugy, the chapter presents contrasting perspectives on the role of the Export-Import Bank in U.S. economic policy. Hazelton's contribution advocates for enhancing the bank's capabilities as a strategic tool in countering China's economic influence, emphasizing its importance in supporting American competitiveness on the global stage.
Key Arguments Made by Project 2025 Against EXIM:
1. Inefficiency of Export Subsidies
EXIM is accused of artificially inflating U.S. exports by diverting resources away from more productive uses.
The conservative critique holds that exports are only beneficial when the value of what is received in return (imports) exceeds the value of the resources used.
Subsidizing exports allegedly benefits foreign consumers at the expense of American taxpayers.
2. Market Distortion and Unfairness
EXIM’s subsidies are said to create unfair competition, as capital flows from unsubsidized to subsidized companies.
This distortion raises borrowing costs for unsubsidized exporters and may lead to job losses or wage reductions.
3. Misguided View of Competitiveness
The Bank's focus on matching foreign export credit agencies (ECAs) is criticized as misplaced.
Competitiveness, in this view, should come from favorable domestic policy (e.g., taxes, regulation), not subsidy “combat.”International comparisons show no correlation between high ECA activity and economic performance (e.g., Italy, Germany, China).
4. Favoring Big Corporations Over Small Businesses
The report claims that EXIM overwhelmingly supports large corporations—especially Boeing—while neglecting small businesses.
Funding to small businesses is said to be both minimal and declining, even during crises like the COVID-19 pandemic.
5. Misleading Financial Reporting
EXIM’s claimed budget savings are contradicted by the Congressional Budget Office, which forecasts a $2 billion cost to taxpayers.
Internal audits reveal concerns about risk management and financial oversight.
6. Failure to Counter China
EXIM is portrayed as failing its mandate to counter China’s influence through geoeconomic strategy.
Despite rhetoric and a new China-focused program (CTEP), the Bank continues prioritizing traditional clients in wealthier nations.
Actual China-targeted funding is a tiny fraction of the authorized goal.
7. Ineffective Industrial Policy
The report critiques efforts to use EXIM as a tool of industrial policy—especially in high-tech sectors like semiconductors and
AI. It highlights the irony that China itself is reportedly pulling back from aggressive subsidies due to inefficiencies and corruption.
Conclusion
The overarching recommendation is to abolish the Export–Import Bank, with the argument that it:
Misuses taxpayer money, Distorts market competition, Offers little return in terms of economic growth or global competitiveness, And is ineffectively positioned to counter strategic rivals like China.
Ten of the worst-case scenarios associated with EXIM, based on critiques from various sources:
Crony Capitalism – EXIM has been accused of favoring large corporations, particularly Boeing, which receives a significant portion of its financing.
Risk to Taxpayer Funds – The bank operates with taxpayer-backed financing, meaning losses could ultimately be borne by the public.
Distortion of Free Markets – By providing subsidies, EXIM interferes with natural market competition, picking winners and losers rather than allowing businesses to compete on their own merits.
Limited Benefit to Small Businesses – While EXIM claims to support small businesses, the majority of its funding goes to large corporations, leaving smaller enterprises at a disadvantage.
Job Creation Fallacy – EXIM’s claims of job creation are disputed, as funding one industry may result in job losses elsewhere, making its overall impact questionable.
Economic Growth Misconception – Export subsidies do not necessarily lead to economic growth; they often redistribute opportunities rather than increasing net exports.
Financial Mismanagement – EXIM has been criticized for poor accounting practices, with the Congressional Budget Office finding that its programs cost taxpayers billions despite claims of savings.
Ineffectiveness Against China – While EXIM is positioned as a countermeasure to China’s economic influence, critics argue that it has not fundamentally changed its operations to effectively challenge China’s Belt and Road Initiative.
Potential for Corruption – Government-backed financing can create opportunities for corruption, favoritism, and inefficiencies in loan distribution.
Historical Failures – EXIM has faced periods of incapacitation, such as from 2015 to 2019, when it lacked a quorum to approve large-scale financing, demonstrating its vulnerability to political shifts.
These concerns highlight the ongoing debate about whether EXIM should be modernized or abolished altogether. What’s your take on it?
Understanding what this part of the Mandate means to you?
The case made in Mandate for Leadership: The Conservative Promise for preserving and strengthening the Export–Import Bank (EXIM) hinges on the view that export credit financing has evolved into a strategic geopolitical tool—particularly as wielded by China. The argument draws heavily from historical precedent, notably Ronald Reagan's shift from opposition to support, to emphasize that EXIM enables American businesses to compete globally in markets where private financing is inaccessible.
Critically, EXIM is portrayed not as a source of “crony capitalism,” but as a necessary countermeasure in a world where state-backed financing is the norm, not the exception. In contrast to China's opaque and often coercive lending through its Belt and Road Initiative, EXIM operates transparently, with market-driven interest rates and a strong repayment record, all while generating returns for the U.S. Treasury.The paper warns that failure to actively utilize EXIM would allow strategic rivals like China to dominate international markets, redirect manufacturing jobs away from the U.S., and reshape the global balance of power. Given this, the conservative recommendation is clear: rather than dismantling or sidelining EXIM, the United States must embrace and modernize it as an essential tool of national economic and security strategy.
Podcast Sign Up
News listing
By checking this box, I consent to receive transactional messages related to my account, orders, or services I have requested. These messages may include appointment reminders, order confirmations, and account notifications among others. Message frequency may vary. Message & Data rates may apply.Reply HELP for help or STOP to opt-out.
By checking this box, I consent to receive marketing and promotional messages, including special offers, discounts, new product updates among others. Message frequency may vary. Message & Data rates may apply. Reply HELP for help or STOP to opt-out.
Understanding How the Mandate Effects Our Government by Sections of the Mandate
The following is a breakdown of the 900+ pages in a deeper breakdown of the authors, the standards, diagnosing the reforms, deep understanding of what our tax payer dollars provide and a deeper understanding of the deep Right. We do not have a deep Left issue, we have a issue with those who are lacking credibility with plans that are outlined in black and white. Instead of just living through the next 4 years, learn from America's Mistake for allowing nepotism to override political career morally sound individuals to decide people's fate versus those who are born of privilege. In these library of collective thoughts please feel free to join the movement...
Monitoring the Mandate by diving into the authors, contributors and current implementation of the project 2025 mandate created in 1978 first ran by Ronald Raegan with the Heritage Foundation.
Understanding the fundamentals of the Mandate by diving into the theories, philosophies and breakdowns from the section "Taking the Reins of Government" with break downs from
Understanding the fundamentals of the Mandate by diving into the theories, philosophies and breakdowns from the section "The Common Defense" with break downs from:
Understanding the fundamentals of the Mandate by diving into the theories, philosophies and breakdowns from the section "The General Welfare" with break downs from:
Understanding the fundamentals of the Mandate by diving into the theories, philosophies and breakdowns from the section "The Economy" with break downs from:
Understanding the fundamentals of the Mandate by diving into the theories, philosophies and breakdowns from the section "Independent Regulatory Agencies" with break downs from:
Understanding the fundamentals of the Mandate by diving into the theories, philosophies and breakdowns from the section "Onward" with break down and final thoughts on project 2025:
Understanding the Mandate , What it means to you and how can we grow from learning it.
Stand up for US Department of Education Against Project 2025 Mandates
The future of education is at a crossroads, and the Department of Education plays a vital role in ensuring access to quality learning opportunities for all. However, proposed policies threaten to dismantle essential programs, impacting students, teachers, and communities nationwide. By joining together, we can advocate for a strong, well-supported education system that prioritizes inclusivity, innovation, and success. Whether through raising awareness, participating in discussions, or pushing for informed policies, every effort counts in safeguarding the integrity of public education.
This is a call to action for educators, advocates, and concerned citizens to come together and make a difference. Through collective knowledge and active engagement, we can challenge harmful reforms and champion initiatives that strengthen the Department of Education. The upcoming virtual workshop on April 21-23 will provide key insights into these urgent matters, equipping participants with the tools to take action. Let’s stand for the future of education—because protecting learning today ensures a brighter tomorrow for all. Join us in this mission and help drive meaningful change!
Power Point For 3 Day Workshop 6pm-8pm April 21-23, 2025
Understanding the Mandate Which Touches the Following
The following is a breakdown of the 900+ pages in a deeper breakdown of the authors, the standards, diagnosing the reforms, deep understanding of what our tax payer dollars provide and a deeper understanding of the deep Right. We do not have a deep Left issue, we have a issue with those who are lacking credibility with plans that are outlined in black and white. Instead of just living through the next 4 years, learn from America's Mistake for allowing nepotism to override political career morally sound individuals to decide people's fate versus those who are born of privilege. In these library of collective thoughts please feel free to join the movement...
Executive overreach redefining the Constitution and it's relationship with the other branches
The Common Defense Outlining the Agency Roles
US Press
International Press
The Economy Outlines the Roles
Case for Fair Trade
Case For Free Trade
The Independent Regulatory Agencies Outlines the Roles For Agencies
The propose for this Summary is in an attempt to allow others to understand that this mission statement known as the Mandate is different than just a political movement. This movement purpose is not meant to help those who it claims to and we would argue that their Mandate has and will do damage to our world. This has been a journey of exploration, interesting, hypocritical, short sighted and often times cruel in nature.
Small Call to Action Headline
Small Call to Action Headline
Website Development
Custom Website DesignResponsive Web DevelopmentUser Experience (UX) DesignE-commerce Website DevelopmentContent Management System (CMS) Integration
Dev Development
Full-Stack DevelopmentFrontend DevelopmentBackend DevelopmentAPI Development and IntegrationDatabase Design and Management
Scrum Master Services
Agile Project ManagementScrum Master ConsultationSprint Planning and ExecutionTeam Collaboration and CoordinationContinuous Improvement Strategies
Mobile App Design
iOS App Development
Android App Development
Cross-Platform App Development
Mobile App UI/UX Design
App Maintenance and Support
Online Marketing
Search Engine Optimization (SEO)Social Media MarketingContent MarketingEmail MarketingPay-Per-Click (PPC) Advertising
Drone Services
Aerial Photography and VideographyDrone Mapping and SurveyingInspection and Monitoring ServicesGIS (Geographic Information System) IntegrationCustom Drone Software Development
“ eMillion Concepts. eMillion People. eMillion Solutions.”
© 2024 E-Millions Consulting Services - All Rights Reserved,
etechmilli@gmail.com
(404) 723-3940
© 2025 Company Name - All Rights Reserved, consectetur adipiscing elit. Maecenas commodo suscipit tortor, vel tristique sapien