Posted: August 24, 2014
The linked article below discusses, in print and videos, the Import Export Bank which has been called a “slush fund” for big business.
As profiled in the Benchmark Votes section of DoesTomUdallRepresentYou.com, Tom Udall supports the Import Export Bank and will very likely vote on its reauthorization in the near future.
It is interesting to know that the largest loans made by the bank go to Boeing, and that many of the loans are risky ones that private banks wouldn’t make. This sounds awfully much like the mortgage crisis of 2008 when even unemployed illegal dogs and cats could buy a brand new home with government guaranteed loans from Fannie Mae and Freddie Mac.
Next time Tom Udall talks about helping the middle class, or being against corporate welfare, ask him about his vote for the Import Export Bank.
By the way, as many Democrats as Republicans have signed on to this corporate welfare so don’t think a “D” by anyone’s name means they are against big business, crony capitalism and multinational corporations.
Full article here >>>.