4580136Hillary Clinton s support for the Export-Import Bank has raised questions of cronyism in light of revelations that the Clinton Foundation has received millions from the bank s main beneficiaries.
Clinton spoke in favor of reauthorizing Ex-Im Friday at a campaign event in New Hampshire, calling the bank a vital lifeline for small businesses. She warned 164,000 jobs would be put at risk if Congress allows its charter to expire June 30, .
However, Clinton neglected to mention Boeing and General Electric during her speech, even though the two corporations are the top beneficiaries of Ex-Im financing. In FY 2014, Boeing received about 40 percent of all Ex-Im financing, while GE took second place with about 7 percent.
This has led some critics of Ex-Im to speculate that Clinton s position may have something to do with the sizable donations both companies have made to the Clinton Foundation. According to the Foundation s website, GE had donated as of the end of 2014, while Boeing had given .
Moreover, the Foundation has also received hefty donations from foreign companies that have been the largest purchasers of U.S. products financed by Ex-Im.
The state-owned Mexican oil company Pemex, which tops that list, has donated , and Emirates Air, the second-largest foreign beneficiary, has given between $1 million and $5 million.
Although there is nothing illegal about the donations, they raise the specter of cronyism, particularly among those who see the bank as a fund for corporate welfare.
This is business as usual in the world of politics: big companies buying access and political favors from candidates or lawmakers in office, Veronique de Rugy, a senior research fellow at the Mercatus Center, told the Free Beacon.相关的主题文章:
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