Never mind that Air China like other Ex Im Bank

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wholesale nfl jerseys from china It also means a return to 40% of the bank activities benefiting the aircraft manufacturer Boeing, which is why many of us call Ex Im “Boeing Bank.”This is disheartening in light of growing evidence that Boeing cozy relationship with government officials at the Federal Aviation Agency played some role in Boeing recent failures to fix problems with its software, which ultimately led to two fatal plane crashes.Business as usual also means that 65% of all Ex Im Bank activities will benefit 10 large domestic companies and large foreign businesses, including state owned enterprises.In fact, leading the pack of foreign beneficiaries back in 2014 when Ex Im Bank last operated at full capacity was Air China, the Chinese state owned airline.That right. At a time when many legislators pretend we must fight against China threat of dominance, here you have an agency whose job is to extend cheap financing to the national Chinese Airline in the name of promoting America number one exporter: Boeing.Never mind that Air China like other Ex Im Bank beneficiaries goes on to compete with American airlines, whose borrowing cost isn subsidized by Uncle Sam.Never mind also that during the last four wholesale nfl jerseys from china years, when the bank had too few directors on its board and couldn serve large companies, these beneficiaries (including Boeing) still did remarkably well.In fact, without Ex Im Bank distorting financial markets, we saw much innovation in commercial aircraft and aerospace financing. The last four years also debunked the notion that Ex Im Bank sustains growth or grows exports.Both were doing great while Ex Im Bank operated in a diminished capacity.Some justify Ex Im Bank existence by arguing that it could be used to offset China growing influence as an investor and lender around the globe. wholesale nfl jerseys from china

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