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End the Export-Import Bank

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Historically, Ex-Im loans have overwhelmingly benefited one company: Boeing.  In 2009, a whopping 90 percent of Ex-Im’s loans went to finance Boeing sales.  In 2010 it was 63 percent.  Boeing is a great company, but it can compete with Airbus and its other competitors without help from American taxpayers.

Even worse, in recent years Obama has transformed Ex-Im, which he once correctly denounced as “Little more than a fund for corporate welfare” into the kind of slush fund he can love: one that rewards his cronies in the green energy industry.

Solyndra received $10.3 million from Ex-Im’s “Renewables Express” program on its way to bankruptcy. First Solar, which took a $449 million loss last quarter in a desperate restructuring to attempt to avoid bankruptcy, received Ex-Im backing for sales of solar panels to its own Canadian subsidiary.

Worst of all, three years ago Ex-Im was the pot of money Obama used to massively subsidize offshore oil drilling in Brazil at the same time he was shutting it down here in the United States.  Ex-Im granted a $2 billion loan guarantee to Brazilian-government-owned oil giant Petrobras.  We wanted to be their best customers, Obama told us, but did we really need to also be their financiers?

 

Unfortunately, 147 House Republicans joined every House Democrat to reauthorize the corporate welfare Ex-Im Bank. (Kudos to the 93 Rs who voted NO!)  The Senate will vote soon.

Send a message to your Senators NOW to VOTE NO on the Export-Import Bank!

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Public Comments (1,237)
Apr 23rd, 2015
Kellie S. from Winchester, ID writes:
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End it now dont sign it.
Apr 23rd, 2015
Kellie S. from Winchester, ID writes:
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End it now dont sign it.
Mar 1st, 2015
John C. from Middletown, PA signed.
Sep 10th, 2014
Jean V. from Anaheim, CA signed.
Sep 10th, 2014
Debbie W. from Orange, CA signed.
Apr 17th, 2014
danel b. from Clinton, AR signed.
Jun 20th, 2012
Dr. Bryan J V. from Lincoln, NE signed.
Jun 17th, 2012
Alan D. from Leicester, NC writes:
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Thank you for signing a contraception petition. Please read these petitions advocating municipal environmental contraception funding, which is increasingly politically realistic due to The Big Sort in more and more towns, and helps women's rights, quality of life, and school taxes as well as being at least 5 times more cost-effective than any other environmental effort. http://tinyurl.com/townBC2 http://www.feminist.org/news/newsbyte/uswirestory.asp?id=12874 http://tinyurl.com/towncontraception http://www.nyc.gov/html/doh/html/condoms/condoms.shtml http://www.facebook.com/profile.php?id=100000980387141 http://nwhn.org/newsletter/node/1383 http://action.biologicaldiversity.org/p/dia/action/public/?action_KEY=5999 http://tinyurl.com/opcensor http://www.change.org/petitions/asheville-lgbt-rights-for-environment http://www.change.org/petitions/view/transfer_all_environmental_funds_to_contraception http://www.thepetitionsite.com/1/transfer-all-environmental-funds-to-contraception-especially-municipal/ http://groups.yahoo.com/group/childfreetown/ http://www.thebigsort.com/maps.php The prochoice and contraception movements are placing too high a priority on defensive actions in the red states when we should be going on the offensive, the side of "change", in the blue states, and cities. The worst places will get even worse no matter what we do, but the unrealized political potential, the low hanging fruit, is in making the best places even better. This opportunity is being caused by The Big Sort. Mayors are not answerable to rural voters, unlike governors and presidents. http://www.nationalpartnership.org/site/News2?abbr=daily4_&page=NewsArticle&id=27823&security=1521&news_iv_ctrl=-1 http://www.nationalpartnership.org/site/News2?abbr=daily4_&page=NewsArticle&id=27825&security=1521&news_iv_ctrl=-1 http://www.nationalpartnership.org/site/News2?abbr=daily4_&page=NewsArticle&id=32477&security=1521&news_iv_ctrl=-1 http://www.feminist.org/news/newsbyte/uswirestory.asp?id=12891 https://secure.ppaction.org/site/Advocacy?cmd=display&page=UserAction&id=12828 http://www.amplifyyourvoice.org/end_abonly http://www.npr.org/templates/story/story.php?storyId=5041388 We americans love cars more than babies, Very soon we will have to choose, and we will choose cars.
Jun 9th, 2012
Arlee T. from Bladenboro, NC signed.
Jun 3rd, 2012
Harmon K. from Big Stone Gap, VA signed.