ICYMI: CEO Of Caterpillar Inc. Calls On Congress To Reauthorize Ex-Im

Since Congress allowed the Export-Import (https://exportersforexim.org/files/2015/10/ex-im) bank’s charter to lapse on june 30, businesses of all sizes have been feeling the negative consequences. in real clear politics, doug oberhelman, ceo of caterpillar inc., says that without ex-im, “fewer U.S.-made products are sold and fewer U.S. jobs are needed or created.”

Please read the bullets below to see additional comments by Doug Oberhelman about Ex-Im’s lapse.

In addition, please read more stories here about the negative impact that Ex-Im’s lapse has caused exporters across the country.

~Jared

Without Ex-Im, “Fewer U.S. Jobs Are Needed Or Created.” “Typically, private financing sources and export credit agencies work together, and government-backed export credit agency financing is often a basic requirement for a sale. If a U.S. company can’t meet that requirement, fewer U.S.-made products are sold and fewer U.S. jobs are needed or created.” (Doug Oberhelman, “Ex-Im Bank Opponents: Tell It To The Assembly Line,” Real Clear Politics, 10/25/15)

Reauthorizing Ex-Im Means “Saving And Creating American Jobs.” “So, it is a very straight line from reauthorizing the Export-Import https://exportersforexim.org/files/2015/10/bank to saving and creating american jobs in american companies large and small.” (Doug Oberhelman, “Ex-Im Bank Opponents: Tell It to the Assembly Line,” Real Clear Politics, 10/25/15)

If Ex-Im Remains Unauthorized, Customers Will Buy More Goods From Foreign Competitors. “That’s the central problem with letting the Export-Import Bank authorization expire: Lack of U.S. government-backed financing tilts customers toward buying products built overseas.” (Doug Oberhelman, “Ex-Im Bank Opponents: Tell It to the Assembly Line,” Real Clear Politics, 10/25/15)