Thursday, July 02, 2015

President Obama Says the U.S. Export-Import Bank Helps Small Businesses Go Global

Screenshot taken 7/1/15 from U.S. Export-Import Bank website
President Obama recently signed two bipartisan trade bills into law that will help level the playing field for American workers and businesses, boost our trade with lower-income countries, and give our workers the job training and support they need to succeed in a rapidly changing interconnected world.

Then why has authorization for the U.S. Export-Import Bank (also known as Ex-Im) expired?

Barack Obama says:
The Bank's sole mission is to support American jobs by increasing our exports. That's it.  It helps small businesses go global.  It helps American entrepreneurs take that next step.  Plus, it costs the taxpayers nothing – all its money comes from its own operations.  In fact, it actually generates money for the taxpayer. That's how cost-effective it is.
Read more:  Going grassroots:  Obama asks people in Alabama to push delegation for Ex-Im Bank vote

Related post:  Failure to Act on Ex-Im Bank Can Hurt Us All in the Long Run

For lapse information, go here.

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