Rand Paul on the Crony Capitalist Ex-Im Bank

Rand Paul rails against the Ex-Im Bank, a crony capitalist institution that generally has bipartisan support (as someone once said, there is a stupid party and an evil party, when there is bipartisan legislation we end up with something both stupid AND evil). The Ex-Im bank is an institution that spends millions funding a steel mill in China, which undercuts our own steel mills. How does this make sense to anyone?:

 

 (h/t Redstate)