time to end Crony Crapitalism..... Hensarling, the Texan chairman of the committee, is one of the most vocal critics of the Ex-Im Bank, which he argues is mismanaged and provides effective subsidies to foreign companies that undercut US business. Hensarling and other critics call the Ex-Im bank a form of corporate welfare, pointing out the support it provides benefits Wall Street, as well as giant corporations like Boeing and Caterpillar, that do not need the help. Even Boeing – the bank’s biggest beneficiary – has admitted it doesn’t really need Ex-Im and could ‘arrange alternative financing’ without it,” Hensarling said at the hearing. theguardian/world/2014/jun/25/export-import-bank-republicans-congress-renew-expire
Posted on: Mon, 30 Jun 2014 05:56:25 +0000
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