Political Quotes

“I am happy to announce that Democrats and Republicans have reached an agreement to move forward with reauthorization of the Ex-Im Bank legislation. This bank helps American companies sell their products overseas and hire workers here at home. It helped private companies add almost 300,000 jobs last year in more than 2,000 American communities. That is why the labor groups, manufacturers, U.S. Chamber of Commerce, and many other organizations have urged the Senate to move quickly to reauthorize this bank, whose lending limit is just about to expire. The second ranking officer at the chamber of commerce wrote to all Senators yesterday. Failure to enact this legislation would put at risk . . . American jobs at 3,600 companies that depend on Ex-Im to compete in global markets. . . . Because other countries are providing their own exporters with an estimated $1 trillion in export finance--often on terms more generous than Ex-Im can provide--failure to reauthorize Ex-Im would amount to unilateral disarmament and cost tens of thousands of American jobs. China, for instance, has three export credit agencies that last year provided $300 billion in export finance to its exporters--ten times more than Ex-Im provided. This bill would help level the financial playing field in export markets and ensure transparency in Ex-Im's operations. This is directly from the chamber of commerce. This legislation helps American businesses export their products instead of exporting jobs.…”