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2014-09-09 — huffingtonpost.com
"The real question is why should we be subsidizing foreigners at all?" Grayson said. "I understand that there is a very heavy existing interest in encouraging exports of U.S. goods. But what we really should be doing is not encouraging exports per se, but encouraging manufacturing and activity that boosts the American jobs base."
Grayson's bill is unlikely to pass. It's a message bill directed at both movement progressives and House Democratic leaders, which have twisted arms to secure near-unanimous support for reauthorizing Ex-Im. The bank backs about 2 percent of U.S. exports, and about half of its loan guarantees benefit just three corporate behemoths: Boeing, General Electric and Caterpillar.
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