Political Quotes

John Murphy: “The failure to reauthorize the Eximbank on a long-term basis is going to put at risk tens of billions of dollars of…”

On the recordJune 1, 2015
The failure to reauthorize the Eximbank on a long-term basis is going to put at risk tens of billions of dollars of exports.
Said by
John Murphy
New York

Editor's note · Context

Murphy emphasizes the economic risks of not reauthorizing Eximbank.

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Mar 15, 2011

Historically, the only way the U.S. government has ever enticed a foreign government to open its market to American exports is by negotiating free trade agreements.

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Well, it is indispensable to U.S.-E.U. economic relationship. It is without peer in the world today.

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The choice is not one between Eximbank on the one hand and the perfection of free markets on the other.

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The idea of putting up protectionist walls that are going to somehow force the location of servers in the country or the use of domestic-created technologies is really the worst possible prescription.

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