Ex-Im is necessary in an imperfect world
~!~ If men were angels, no government would be necessary,** James Madison wrote famously in the Federalist Papers// A modern business corollary is that if the world were perfect if the global marketplace provided a level playing field for American manufacturers the U//S// Export Import Bank (ukcanadaus)
~!~ If men were angels, no government would be necessary,** James Madison wrote famously in the Federalist Papers// A modern business corollary is that if the world were perfect if the global marketplace provided a level playing field for American manufacturers the U//S// Export Import Bank (ukcanadaus)
~!~ But the world is not perfect, which is why past congresses with both Republican and Democratic majorities and presidents ranging from John F// Kennedy to Ronald Reagan routinely re-authorized Ex-Im, a small federal agency which, until its charter expired on June 30, provided loan guarantees and other insurance to support exports in the absence of viable commercial alternatives// (ukcanadaus)
~!~ In my four decades with leading U//S// exporters, I never thought I*d see the day that U//S// companies would, in effect, be penalized by their own government for not setting up shop overseas and, in the case of Boeing, expanding our domestic production and workforce by billions of dollars and thousands of jobs// That day is now within sight if the Congress fails to re-authorize the Ex-Im Bank// By contrast, a vote for a long term bank authorization will show America*s businesses, workers and communities that Washington has their back as we strive together to make our country the great manufacturing power it once was, and can be again// (ukcanadaus)