Hickenlooper thirsty for vampiric, crony Ex-Im Bank resurrection

Hickenlooper thirsty for vampiric, crony Ex-Im Bank resurrection

DENVER—Colorado Gov. John Hickenlooper has expressed “embarrassment and disappointment” at opposition to resurrect the corrupt Export-Import Bank.

Advancing Colorado Executive Director Jonathan Lockwood released the following statement:

“Hickenlooper is disappointed and embarrassed that people are standing up to the non-stop efforts to resurrect the vampiric Ex-Im Bank. It is an outrage to all the Coloradans who have cronyism-fatigue and want to see the free-market flourish. The Ex-Im Bank has been exposed as a fraud, drenched in corruption and abuse, and it has even funded countries with horrific human rights violations.”

In a statement to The Colorado Statesman, Hickenlooper’s spokesperson said the following:

“The governor is aware of the vote and believes it to be embarrassing and disappointing that anyone in the Colorado delegation doesn’t see the value of the Export-Import Bank to Colorado companies. Every single other industrialized country has a government-backed bank that functions like the Export-Import Bank. It uses no tax revenue and creates thousands and thousands of jobs.”

There have been investigations linked to corruption surrounding the bank including 792 separate claims involving more than $500 million dollars. The Ex-Im acting Inspector General revealed this year that other Ex-Im Bank employees are currently being investigated for fraud as well.

The Ex-Im Bank’s Colorado failures were highly publicized when taxpayers subsidized Boulder-based solar firm, Abound, with more than $9 million so they could sell solar panels to India. That amount was on top of the $400 million loan from the department of energy. The company received its Ex-Im Bank funds right before it went bankrupt and laid off hundreds of Colorado workers, left thousands of gallons of toxic waste pooling across the state and left a long list of creditors from Longmont to Germany.

The Ex-Im Bank has also given taxpayer funds to foreign oil companies totaling billions of dollars. Through the Ex-Im Bank, taxpayer funds have gone to countries like the Congo and Sudan, both known for human rights violations. The bank has financed Chinese power plants and has given money to Russian billionaires.