Political Quotes

“I thank the Senator from Minnesota for her work and her leadership position in the Senate and for focusing on economic policy and constantly doing the research and legwork on how our economy is moving forward and what key essentials we need to move forward. The fact that she is here this morning to speak about the Export-Import Bank and the fact that the lapse of the Bank itself is causing us great economic challenge--I certainly very much appreciate everything she is doing. She comes from a State that has businesses that are exporters. Minnesota has a lot of exporters, so she knows this is causing a big challenge. I know my colleague Senator Heitkamp, who is an original sponsor of this legislation, is speaking out on this issue as well. I think Senator McCaskill may be joining us this morning. I don't know if the American people know, but many of our colleagues know that the Export-Import Bank is tooled to help U.S. manufacturers export products overseas by financing the deals--not really financing them so much as basically helping private banks finance them when the banks won't take all the risk. The program works just like the SBA--the Small Business Administration--does to help small businesses with bank financing. This helps businesses that are trying to export their products overseas get financing where these developing countries may not have banks to do that.…”