When I want to know the progressive position to take, I use the Google to look for Warren or Sanders statements on a given thing.
Sanders crafted bipartisan legislation to reform Ex-Im to better protect manufacturing workers, but the bill’s markup got canceled at the last minute. “My suspicion is that the moneyed interests who like the Export-Import Bank as it is right now sent down the word from the top that that markup never take place,” he told his House colleagues.
Back then, liberals highlighted how Enron, the failed energy giant, benefited from $675 million in Ex-Im loans. In 2002, Sanders also pointed out that Ex-Im gave an $18 million loan to a Chinese steel mill, which was later on accused of dumping steel into U.S. markets and hurting U.S. workers. And it was common just a decade or so ago for lefties to call Ex-Im the “Bank of Boeing,” because close to 60 percent of all Ex-Im loans facilitated their aircraft sales. Sanders in particular pointed out that Ex-Im aid for a Boeing sale to the Chinese military ended up displacing workers, as some manufacturing for the aircraft moved from Wichita to China. “The Export-Import Bank is helping General Electric ship jobs to Mexico … helping AT&T ship jobs to China. And on and on it goes,” Sanders concluded.
http://www.salon.com/2014/06/25/wingnuts_and_liberals_bizarre_role_reversal_why_export_import_bank_politics_are_so_perverse/This year’s Ex-Im Bank reauthorization is gearing up to be an even bigger fight. House Speaker John Boehner and House Minority Leader Nancy Pelosi have both been vocal in their support for the Bank. So have Ex-Im Bank’s largest beneficiaries and business interests like the U.S. Chamber of Commerce and National Manufacturers’ Association.
Against the Bank stand upstart politicians from both parties, including Rep. Justin Amash (R-Mich.) and Sens. Mike Lee (R-UT),
Elizabeth Warren (D-Mass.), and Bernie Sanders (I-Vt.). Sanders, an independent, caucuses with the Democrats.
https://cei.org/content/ten-reasons-abolish-export-import-bank
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