Ex-Im Bank: American soft power at its best

Published May 3, 2015 9:00pm ET



Monday’s radio show will feature a debate on the Export-Import Bank and whether the Congress ought to “reauthorize” it — which means keep the 81-year-old agency alive and assisting America’s exporters in a variety of ways to sell their products overseas.

This usually means a loan guarantee. A private bank loans the money to make the export happen, backed up by a federal guarantee in case the transaction hits the rocks. In the past eight years alone the “Ex-Im” has helped 8,886 American companies sell their goods and services abroad, creating by conservative estimates 165,000 good manufacturing jobs.

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