Wednesday, September 11, 2013

Is It Possible to Oppose Exports?

Here's the story. Cliffs Natural Resources and Caterpillar are in a battle.
Cliffs is opposed to a proposal for the Export-Import Bank of the United States (Ex-Im) to provide $650 million in long-term financing for Australia’s Roy Hill iron ore mine to purchase mining trucks, bulldozers, and shovels made by Caterpillar at its plants in Illinois and Wisconsin. Cliffs says the loan threatens U.S. mining jobs, and it is seeking support for its views in Congress.
The article goes on to say "boosting exports is vital to reigniting U.S. economic growth and job creation."

So, is it possible to oppose exports?  Read the entire article to understand the arguments:

Man Bites Dog:  Exports and Jobs at Stake in Ex-Im Bank Decision

1 comment:

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