By David Hogberg -- BombThrowers—— Bio and Archives--February 22, 2017
-- BombThrowers
If President Trump is serious about "draining the swamp," then he can't go soft on a government agency like the Export-Import Bank that benefits big business and their lobbyists and regularly generates a plethora of campaign cash for both Republicans and Democrats in Congress.
The Ex-Im Bank provides loans to foreign governments wanting to purchase products from U.S. companies. It also offers U.S. companies insurance on those loans (loan guarantees). The rates on those loans and loan guarantees are usually lower than those in the private sector. It is sometimes referred to as "Boeing's Bank" because the aviation giant is the bank's biggest beneficiary.
But watching the White House smokestacks isn't terribly helpful on this issue.The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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