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Obama aide-turned-aerospace lobbyist tells Republicans how much Ronald Reagan loved Obama's favorite corporate welfare bank

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The Aerospace Industries Association placed an ad in Politico today supporting the Export-Import Bank, which mostly subsidizes airplanes. The argument: Even Reagan reauthorized Ex-Im. The "Facts" listed in the ad are all basically false. 1) The ad claims Ex-Im is profitable, but that's an accounting fiction, the Congressional Budget Office maintains. 2) The ad mentions that 90 percent of Ex-Im...

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