Export-Import Bank of The United States

Jason PJason P Posts: 19,138
Established in 1939, the Ex-Im Bank may cease to exist if it doesn't have congressional support to extend it's charter. Democrats are pushing to extend it another seven years and fund it w/ $175 billion dollars which in turn is doled out in low interest terms to large companies like Boeing, Catapillar, and GE to export their products. The bank is run by the US government.

Wait, did I just type Democrats are fighting for this bank? I think I did ...

politico.com/story/2014/06/export-import-bank-house-democrats-108208.html

video of Obama wanting to eliminate the Ex-Im calling it a fund for corporate welfare ...

http://www.youtube.com/watch?v=0fd-4Xl9w2c
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