The ExIm Bank is an indispensable institution to help promote US trade: without the ExIm Bank, small businesses simply can not export meaningful quantities of, well, anything without inordinate cost and risk. Regarding aircraft leasing, ExIm should be proud of its accomplishments in crushing Airbus.
The morons who say the "private sector" should act the role of the ExIm Bank clearly have no experience in global trade or running a start-up business: banks will NOT do ANYTHING, with ANYONE, unless there is basically no risk.
All "non-sexy" American companies have been hyper-risk averse, since the crash, and for good reason: 2008 was a brutal attack on the sinecures of thousands of well-paid managers, and mgmt wants to preserve its status, even at the cost of opportunity. In some cases, it's truly justified, as in the power industry, where constantly changing regulations make it impossible to invest with a 20 year horizon. In other cases, it's an intuitive sense of unease, a deep, atavistic fear of "losing it all", which comes from an intuitive understanding that one has no real value in his role and could be replaced by someone cheaper and possibly better. This FEAR plagues all mgmt in all big, non-sexy companies. Taleb has identified this "salaryman" practice as a key defect in Western society, and it needs to be replaced by a per capita welfare distribution, with all gains made in commerce just capital gains as opposed to a "guaranteed salary".
I would encourage a teabagger to start a company that makes, say, pickles, and try to export them to Japan. Go talk to Chase about trade credit. Oh, they're not interested in your company: too inchoate and small? That's unfortunate. Perhaps you can slog it out for 5 years in the domestic market, while a Russian company with mafia subsidies floods Japanese pickle market. 3 years later, you go bankrupt, and perhaps your company would've been a huge hit in Japan, but you'll never know, now, will you?
I hope someone can find a stake to stick in the heart of the people sincerely against the ExIm bank, because they will only hurt their own.