American Workers Are the 'Ultimate Losers' in GOP's Quest to Kill Ex-Im Bank
The Tampa Tribune Editorial – Congress foolishly limits power of Export-Import Bank to help U.S. businesses
The consequences of Congress' foolish failure to reauthorize the Export-Import Bank are becoming apparent.
The other day, General Electric announced plans to move 500 jobs overseas, and Boeing reported it had lost two foreign satellite contracts. Both attributed the developments to the loss of the Export-Import Bank.
The Export-Import Bank's results demand support, but Congress has again shown a propensity for sound bites instead of sound policy. This lunacy should be reversed, and the bank reauthorized for business.
GreenvilleOnline.com Editorial – Stop politics and renew Ex-Im Bank
South Carolina stands to lose some jobs from General Electric Co. because Congress recklessly refused to reauthorize the Export-Import Bank that is a tool critically needed for companies doing business with foreign countries.
Congress needs to reauthorize the Export-Import Bank this month. Anything less than that signals the United States expects large and small businesses to play on an uneven global field.
Chicago Sun-Times Editorial – Save Export-Import Bank — and U.S. jobs
These days, Congress can't even get the easy stuff right.
The Export-Import Bank should be one of the easy decisions. Congress should re-open it for business without delay.
Unilaterally dropping out of the competition for so much international business will cost America jobs. Companies often can't use foreign receivables as collateral when seeking commercial bank loans — unless they have a guarantee from the Ex-Im Bank.
If they really wanted to go after "crony capitalism," they could target genuine corporate excesses. Why draw a bead on companies that keep jobs in America?
Republicans' refusal to renew the Ex-Im Bank and fixation on eliminating this vital tool of American competitiveness is harming our economy, "even if the ultimate losers are American workers." [9/27]