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To: Calpublican
ARe they returning cash in excess of the principal they loan out or not? It sounds to me like they are.

President Ronald Reagan, January 30, 1984: "Exports create and sustain jobs for millions of American workers and contribute to the growth and strength of the United States economy. The Export-Import Bank contributes in a significant way to our nation's export sales."

Facts about the Ex-Im Bank (From the Ex-Im Bank)

49 posted on 07/27/2015 1:27:28 PM PDT by DannyTN
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To: DannyTN
Top Ten Ex-Im Facts

1. Boeing, GE, and Caterpillar received 87% of Ex-Im loan guarantees in FY13.

2. The Ex-Im Bank provides export financing for just 0.009 percent of America’s small businesses.

3. The vast majority of exporters—98 percent—do not receive assistance from the Ex-Im Bank.

4. Export financing doesn’t create new jobs, it merely redistributes jobs across America’s economy.

5. Among the top 10 buyers of Ex-Im exports, 5 are state-controlled and rake in millions of dollars from their own governments in addition to Ex-Im Bank subsidies.

6. There are 31 open corruption and fraud investigations into the bank.

7. The top beneficiaries of Ex-Im also have massive backlogs of orders, meaning jobs would not be lost when the bank expires.

8. Ex-Im subsidies benefit China, Venezuela, Cuba, and Russia. State-owned foreign airlines have received $16 billion in subsidized financing since 2009.

9. Taxpayers are on the hook for nearly $140 billion in the Ex-Im loan portfolio.

10. The companies advocating for the reauthorization of Ex-Im have admitted they do NOT actually need it.

57 posted on 07/27/2015 1:34:10 PM PDT by vbmoneyspender
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To: DannyTN

That was 30 years ago! The world of international trade has changed dramatically since then.

Even the Washington Post, normally a big backer of anything the dictator wants, concludes that the accounting is erroneous for the Ex-Im bank. Apparently you’ve never done any creative accounting.


67 posted on 07/27/2015 1:46:57 PM PDT by Calpublican (Boehner and McConnell are corrupt. All Hail the Uni-Party!!!)
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