Support Ex-Im Bank

The Export-Import Bank fills export financing gaps through its loan, guarantee and insurance programs when the private sector is unable or unwilling. It’s an independent self-supporting federal agency that costs the U.S. taxpayer nothing. It provides export credit insurance. If a buyer does not pay, the Ex-Im Bank guarantees U.S. companies get paid.

Since 2009, Ex-Im has contributed $3.8 billion to taxpayers. How many government agencies make a profit? In 2015, its funding was interrupted. The bank was misunderstood as “crony capitalism.” The funding was eventually renewed with a $10 billion cap to exclude larger corporations. This forces large companies to seek the funding elsewhere, lose opportunity to competitors and jeopardize jobs here in the U.S. There are many Ex-Im banks worldwide that lend us the money and reap our interest.

Support American jobs. It is not crony capitalism if it feathers your own nest. The Northwest claims 2000-plus companies as aerospace manufacturers. These companies hire our neighbors and rely on the success of Boeing.

Let’s help Boeing sell planes. Let Congress know that we want the Ex-Im Bank to be open to large-scale financing.

Dean Cameron, Publisher, Northwest Aerospace News Magazine

Spokane Valley