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Export-Import Bank subsidizes Caterpillar selling machines to a Caterpillar dealer

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Ask massive and profitable U.S. companies why they need taxpayer-backed financing through the Export-Import Bank, and they'll tell you that without the subsidies, they will lose sales to foreign manufacturers. "For the U.S. to close the Ex-Im Bank in this environment," warned a spokesman for Caterpillar, "is surrendering export markets and economic growth in the U.S." But it's hard to swallow...

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