Washington Post: Impasse over the Ex-Im

Today’s Washington Post editorial page questions Congress’ push to expand the Ex-Im Bank’s lending without reform of the Bank’s operations.   The Post notes that, “Ex-Im surely creates jobs at Boeing, but whether it increases employment overall is another question… In the medium term, the United States needs to lead a redoubled global diplomatic effort to phase out these market-distorting practices.”  ALPA is calling on Congress to require the U.S. to enter into negotiations with the five European countries with export credit agencies that support Airbus aircraft sales with the goal of eliminating ALL export credit agency financing of widebody aircraft.

Read the full article here:  http://www.washingtonpost.com/opinions/the-ex-im-impasse/2012/04/08/gIQAY2KW4S_story.html

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