The Ex-Im Bank will die tomorrow, because conservative Republicans oppose it “on ideological grounds.” (Click here for story)
Ex-Im is jokingly called “Boeing Bank” because more than half its transactions finance the sale of Boeing airplanes, which are America’s #1 export in dollars.
“Loss of the bank funding is a big blow for Boeing, which utilizes the loan guarantees to reduce the cost of selling aircraft to some international customers,” Pacific Business News said. “The Ex-Im loss could affect Boeing’s ability to compete against Airbus.”
Why give up a competitive advantage for our most important export product to France, and get nothing in return? Because … Republicans.
Photo: Will Boeing’s foreign sales shrink because of Republican ideology?