4/24: Reauthorize Export-Import bank?

Moderated by Tom Sabulis

Behind rising transportation costs, a battle is being waged over the reauthorization of the Export-Import bank, a federal agency that provides lines of credit to foreign buyers to purchase American products.

Some homegrown companies, such as Delta Air Lines, charge that it creates an uneven playing field. Others say it actually protects American workers.

3 comments Add your comment

Time for Freedom

April 25th, 2012
3:11 pm

Fiat money is the root of all evil and all fiat money comes from the evil government.

It is not about an even playing field. The creation of money or credit out of thin air devalues every dollar in circulation. The purchasing power of a 1913 dollar (the year the Federal Reserve was created) is now barely 2 cents adjusting for inflation. This is ALL a result of the actions of the unconstitiutional Federal Reserve.

Agree with everything said. Government should have absolutely NO involvement in banking, either directly or through the criminal Federal Reserve. We MUST return to a sound currency dictated by the marketplace or allow competing currencies to exist with the best one winning out in the competitive market. Our future DEPENDS on such an action and only one presidential candidate understands and supports these principles – Ron Paul.

Hillbilly D

April 24th, 2012
1:11 pm

Get the government out of the banking business.

Agreed.

Buzz144

April 24th, 2012
9:05 am

Get the government out of the banking business. We taxpayers cannot afford it. We should have learned our lesson from quasi-governmental finance monsters Fannie Mae and Freddie Mac who payed a significant role in the housing bubble and have put taxpayers on the hook for beaucoup bad debts.

Pretty soon one or more of these foreign companies who we export to will go belly up and we will have yet more debt. I guess $16 trillion in Federal debt is not enough for some politicians.