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2016 Postmortem
Related: About this forumExport-import bank, votes for war Hillary Clinton represents them, Bernie represents us!!
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Export-import bank, votes for war Hillary Clinton represents them, Bernie represents us!! (Original Post)
Playinghardball
Apr 2016
OP
yourpaljoey
(2,166 posts)1. nice
lumberjack_jeff
(33,224 posts)2. This is about the one issue I disagree with my candidate on.
I am unconvinced that the ex-im bank provides anything other than benefit for US workers.
pampango
(24,692 posts)3. Tea party folks targeted it. Democrats in congress, including the Progressive Caucus, saved it. n/t
JaneyVee
(19,877 posts)4. Didnt Bernie lobby for Lockheed Martin to move to Vermont?
And Sandia Labs, the makers of weapons of mass destruction? Not Hillary.
Btw, companies like Boeing rely on Ex-Im bank, and they employ tens of thousands of union workers and machinists!
athena
(4,187 posts)5. Being against the Ex-Im Bank is an extreme right-wing position.
When you oppose the Export-Import Bank, you play right into the Republican party's hands.
http://www.nytimes.com/2015/10/26/business/ex-im-bank-dispute-threatens-ge-factory-that-obama-praised.html
Conservative Republicans have singled out the bank as a symbol of corporate welfare, saying it hands out generous subsidies, especially to big companies like G.E. This year, House Republicans blocked a vote to renew funding for the bank.
...
The bank offers financing and insurance for American companies exporting products, and most industrialized nations have similar agencies. The Export-Import Bank actually makes money and returns funds to the Treasury. The bank says it supported $27.4 billion in exports and 164,000 American jobs last year. Nearly 90 percent of its loan recipients, the bank says, were small businesses, whose exports accounted for about 40 percent of those supported with Export-Import funding.
...
The bank offers financing and insurance for American companies exporting products, and most industrialized nations have similar agencies. The Export-Import Bank actually makes money and returns funds to the Treasury. The bank says it supported $27.4 billion in exports and 164,000 American jobs last year. Nearly 90 percent of its loan recipients, the bank says, were small businesses, whose exports accounted for about 40 percent of those supported with Export-Import funding.
The article explains further down that one of the organizations criticizing the Ex-Im bank is owned by the Koch brothers.
Here is further reading that can educate you about what the Ex-Im Bank does and why getting rid of it would put the U.S. at a huge disadvantage compared to countries like Germany:
http://www.nytimes.com/2015/08/01/opinion/revenge-of-the-ideologues-killing-the-export-import-bank.html
http://www.nytimes.com/2015/09/19/opinion/joe-nocera-republican-job-killers-and-the-export-import-bank.html