Americans shouldn’t be forced to finance those who are actively working against them, as a basic matter of prudence. The Export-Import Bank operates outside of commonsense.
To most Americans, the words “Export-Import Bank” don’t mean very much. The DC insiders, cozy with international corporate interests putting taxpayers on the hook for hundreds of billions of dollars in subsidies, want to keep it that way, too.
The Export-Import Bank is big businesses’ big-government bank backed by U.S. taxpayers. It sends huge amounts of assistance to foreign corporations, buyers, and companies that are hostile to our economic and security interests, but can afford armies of lobbyists to access easy financing backed by American taxpayers.
Contrary to the values that keep America strong, safe and free, the Export-Import Bank has facilitated lending to governments in Congo and Sudan, countries with horrific human rights records. It has financed Chinese power plants and backed Russian billionaires buying luxury planes. And, it has provided lots and lots of financing to oil companies in Russia, Brazil, the United Arab Emirates and Saudi Arabia that compete directly with America’s energy companies.
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