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Are Trump's plans to revive Export-Import Bank a good thing?

Phillip Molnar, SAN DIEGO UNION-TRIBUNE

Friday, April 21, 2017

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A man walks out of the Export-Import Bank of the U.S., Tuesday, July 28, 2015, in Washington. The feA man walks out of the Export-Import Bank of the U.S., Tuesday, July 28, 2015, in Washington. (Jacquelyn Martin / AP)

 

Kelly Cunningham, National University System - NO: While claiming to help small business, 97 percent of the bank’s loan guarantees go to just 10 corporations, led by Boeing and General Electric. Forcing working Americans to subsidize the trade of wealthy companies that can easily afford their own is not sound economic policy. It is the backwards form of corporate welfare subsidizing rich companies. Government guaranteeing of the loans results in money poorly invested, serving special interests, and businesses being an extension of politics.