Economic Program | Memo
A Government Bank that Turns a Profit: Why the Export-Import Bank Should be Reauthorized
This memo explains why shutting down or sharply curtailing the operations of the Export-Import Bank of the United States is a terrible idea.
Some free market purists are putting common sense aside and are targeting the Bank, even though it is a self-sustaining organization that returns $800 million annually to American taxpayers, creates or sustains some 390,000 American jobs at over 3600 companies and supports over $40 billion in American exports annually that are helping to grow our economy.
In this memo, we answer key questions about the Bank and its export financing programs, and explain why a long-term re-authorization of the Bank is vital to help American exporters and their workers compete against foreign competitors who are aggressively backed by their governments.
Free for re-use with attribution. Check out our Issuu library to find embed code for your website or blog.