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Obama admin approves $1.1 billion subsidy for Boeing

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Boeing is selling 230 737s to Lion Air of Indonesia. You, the taxpayer, are guaranteeing the loan from Apple Bank of NY to Lion Air, via the Export-Import Bank of the United States. Ex-Im is an extraordinary agency, because it exists primarily to subsidize Boeing — last year, more than 80 percent of Ex-Im’s loan guarantees subsidized Boeing sales. As the guarantors of this loan, let’s...

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