Boeing strikes back hard at Export-Import bank opponents

(Fortune, 25 August 2015) In the months leading up to an expected vote to reauthorize the U.S. Export-Import bank, Boeing did what large corporations with lots of cash and deft political maneuvering skills often do so well. It spoke softly and lobbied hard, scattering a few pro-Export-Import soundbites from high-ranking officials where members of the media would find them and while spending millions on those representing its interests on Capitol Hill. Boeing loses large satellite deal due to trade credit woes. The Ex-Im Bank has become a major issue in US politics, with business asking for its reauthorization (and its subsidies) and elements of the Republican party arguing it undermines their preferred free market ideology. NYT: Revenge of the ideologes: Killing the Export Import Bank