Sanders Votes Against Ex-Im Bank

An opponent of the Export-Import Bank, Sen. Bernie Sanders issued the following statement today after the Senate voted on an amendment related to a five-year reauthorization of the bank:

“At a time when almost every major corporation in this country has shut down plants and outsourced millions of American jobs, we should not be providing corporate welfare to multi-national corporations through the Export-Import Bank.

“Instead of providing low-interest loans to multi-national companies that are shipping jobs to China and other low-wage countries, we should be investing in small businesses and worker-owned enterprises that want to create jobs in the United States of America.  If the Export-Import Bank cannot be reformed to become a vehicle for real job creation in the United States, it should be eliminated.”