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Republican pigs: Not only is this Republican Congress pushing to reinstate the Export-Import Bank so that the federal government can provide cheap loans to their corporate buddies, several senators are pushing to require that there be political litmas tests before those loans are granted.
[S]enators from both parties are pitching a condition: that applicants for loans essentially vouch support for the Israeli economy in order to be approved. The move, described by multiple sources, is meant to counter a pro-Palestinian campaign to undermine Israeli exports because of its occupation of the West Bank and blockade of the Gaza Strip.
Specifically, the Ex-Im Bank would have to consider whether applicants for loans oppose “policies and actions that are politically motivated” and meant to inhibit “commercial relations specifically with citizens or residents of Israel.” In the past, Ex-Im has taken into account applicants’ stance on human rights and terrorism, prompting advocates of the new language to propose the new qualification.
It is obscene for the federal government to be in the loan business, picking favorites among private companies. It is even more obscene for these elected officials to demand that those favorites adhere to their political whims (no matter that I might agree with those particular whims). The Ex-Im bank should go away, along with the senators who are now pushing for it.