Bernie Sanders SLAMS the export-import bank during the Democratic Presidential Debate.
From the Daily Caller:
“[Bernie Sanders] voted against reauthorizing the agency last year, pointed to statistics showing that 75 percent of Ex-Im’s disbursements go to major corporations and not small businesses.
Sanders is not alone in his critique of Ex-Im’s apparent cronyism. Conservative Republicans have been heavily critical of the 81-year-old agency, going so far as to block its reauthorization in the House for several months last year.
Ex-Im’s biggest beneficiary, as Sanders noted, is Boeing, the airplane maker.”
In defending her support for Ex-Im on Sunday, Clinton said that she believes the agency is needed in order to remain competitive with other nations with robust export agencies.
“In fact, without the export-import bank, supporting businesses of all sizes — I believe more jobs would be lost here at home and more jobs literally would be exported. Instead of exporting products, we would be exporting jobs,” Clinton argued.
Sanders responded with a bit of sarcasm.
“Isn’t it tragic that the large multinational corporations making billions of dollars a year, shutting down in America, going to China, going to Mexico?” he said. “Absolutely they need a handout from the American middle class — I don’t think so.”