So suppose those latter export deals which purportedly faced unfair competition from foreign governments would not have happened absent Ex-Im financing. We are talking about 0.6% of exports and 0.1% of GDP. That is, we are talking about economic "noise" that is so feint that even Janet Yellen could not detect it!

Actually, we are talking about something even more spurious. Fully $8 billion or two-thirds of this $12 billion in competitively disadvantaged exports were attributable to a single customer—the Boeing Corporation (BA). Moreover, the company's own financial director publicly admitted that it could "find alternative funding sources" without the Ex-Im Bank.