Dana Rohrabacher: “I, of course, philosophically would believe that the Federal Government should not be involved in taking our taxpayers'…”

“I, of course, philosophically would believe that the Federal Government should not be involved in taking our taxpayers' dollars and using it for selected companies who are planning to do business overseas. It is particularly repugnant... for us to be loaning any money for people who want to invest in manufacturing units overseas who are receiving benefits from not the Export-Import Bank, but from OPIC and other government institutions. I have two amendments that are coming up on Export-Import Bank, one which would prevent the Export-Import Bank from subsidizing the People's Liberation Army in China or any other government-owned entities and would not permit us to, basically, subsidize business in dictatorships. But this idea that American business needs to have subsidies in big companies in order to sell their products overseas is a misnomer, and certainly we need to clarify that.”