Self-Proclaimed 'Fierce Warrior' of Ex-Im Bank Republican Deputy Whip Pays Lip Service on Ex-Im Bank
U.S. Rep. Adam Kinzinger: Export-Import Bank vital to all U.S. manufacturers
Reauthorizing the Export-Import Bank is crucial to manufacturers' ability export products to compete with the rest of the world, U.S. Rep. Adam Kinzinger told about 40 Rockford-area manufacturers at a roundtable discussion Thursday...
"I'm a fierce warrior for the Ex-Im Bank...This is essential for us to press ahead" to get it reauthorized in Congress, Kinzinger said.
Yet, this so-called, self-proclaimed ‘fierce warrior' of the Export-Import Bank has done absolutely nothing to eliminate the growing uncertainty that has been hitting American businesses and workers hard.
EXIM shutdown threatens Orbital's bid for Azerbaijan deal
The shutdown of the U.S. Export-Import Bank is jeopardizing U.S.-based Orbital ATK Inc's (OA.N) bid to build a second satellite for the government of Azerbaijan...
Azerbaijan is now soliciting bids for a second telecommunications satellite, and wants to wrap up the process this year, but Orbital and other U.S. manufacturers will be at a disadvantage if they cannot offer financing guaranteed by the U.S. bank...
Alley Watch (New York):
International Entrepreneurs Fret Over Uncertain Future of Bank
Susan Axelrod...began making quiches in her home kitchen in 1973, and grew her company, Love & Quiches Gourmet, in part by exporting her products to places such as Qatar and Japan.
She was able to reach overseas markets thanks to the Export-Import Bank of the United States...
...without reauthorization, the financial institution cannot do any new business.
If the bank's charter is not reauthorized, "the U.S. is going to lose our exporting power," Axelrod said. "China and other exporting countries are chomping at the bit to take that business." She said as much as 30 percent of her business comes from international markets.
KPNX (Arizona):
Threat looms for AZ frozen yogurt international exporter
..."This started out as just a family business..." [said Dave Wudel, of Gilbert-based Wudel International]...
Today, [the company] has ten employees and brings in about $3 million annually, half of which originates from overseas.
...a debate among lawmakers in Washington D.C. is threatening the financial formula used by companies like Wudel International.
...it makes all the sense in the world to support," Wudell said. "If the bank is not reauthorized, we'll be at a disadvantage to other countries that offer the same kind of financing services."
For over 80 years, the job-creating Export-Import Bank has helped American businesses succeed at the global level. As Rep. Katka asks: "Why would we take that away?
It's been over a month since Speaker Boehner, Leader McCarthy and House Republicans shut down the job-creating Export-Import Bank's charter that serves at no cost to taxpayers. Other countries continue taking advantage of the GOP's dysfunction, obstruction and distraction – and the Republican Deputy Whip has failed to urge the GOP leadership to bring up a vote now!