The mammoth, profitable, well-capitalized corporations that have pocketed hundreds of billions of dollars in federal subsidies from President Obama’s favorite taxpayer-backed bank are correct when they say they may suffer if Congress doesn’t bring back those subsidies.

But those manufacturing titans are wrong when they claim they can’t finance their exports without taxpayer backing. And all the evidence undercuts their scare stories that they are offshoring jobs due to the expiration of the Export-Import Bank.