On the recordMarch 13, 1997
we are engaged in a massive war, not with communist enemies or terrorist states, but with our friends and allies. This is not a military conflict, but a global economic war, competing for billions and billions' worth of export opportunities. The battlefields are the towns and the factories spread throughout this great land of ours, and the foot soldiers in this war are the hard-working individuals whose efforts receive little recognition, but who drive the economy. They get up every morning, pack their lunch, get their kids off to school, go to their jobs and put a meaningful day's work in, and return home to their families, often unaware that a global economic war swirls around them. This year Congress will reexamine several export promotion programs, including the Export-Import Bank of the United States, the Overseas Private Investment Corporation, the Trade and Development Agency, the International Trade Administration, and the Commerce Department. All of these programs are vital strategic arms, helping these forgotten Americans keep their jobs in this global battle for market share. Yet some in Congress would ignore this reality and abolish some or all of these programs. They think these programs are unnecessary or corporate welfare. But just as unilateral disarmament did not work against the Soviet Union during the cold war, efforts to cut or eliminate U.S. government export promotion programs will not stop foreign government subsidies of exports.
Source
govinfo.gov




