The Corporate Welfare Bank of the United States
The Elites and the Ex-Im Bank
D'Amato, David S.http://www.counterpunch.org/2014/05/28/the-corporate-welfare-bank-of-the-united-states/
Date Written: 28/05/2014
Year Published: 2014
Resource Type: Article
Cx Number: CX16291
Over the past few weeks, the American business lobby and in particular the U.S. Chamber of Commerce have come out in force to support the reauthorization of the Export-Import Bank of the United States. These groups and their puppets in Washington insist that the Ex-Im Bank is good for American small businesses and supports job growth, that failing to reauthorize will harm the overall economy. Conscious of the political atmosphere, the Banks supporters have carefully avoided some ugly facts about this vehicle for corporatist cooperation.