Rep. Sanford Bishop, Thrush Aircraft’s Payne Hughes promote Ex-Im Bank charter renewal
By Terry Lewis, The Albany Herald, Ga. | |
McClatchy-Tribune Information Services |
Thrush's piece of the pie? More than
"This is a terrific example of the power of an extremely bright and highly capable banking team bringing their expertise to bear on a commercial opportunity that helps -- not only Thrush Aircraft and our jobs -- but our new customers in
Ex-Im is an independent arm of the U.S. Federal Government that helps facilitate global opportunities for American companies in an effort to create jobs.
On
According to Bishop's office, in the
The total value of the exports that these funds have supported is
"It's a very well-run organization and to my knowledge is the only government-run agency that is actually making money," Hughes said. "Why we have people in (
Felton said that in 2013, Ex-Im helped create 205,000 American jobs.
"Everywhere in the world people want products made in America because 'Made in America' means quality," Felton said. "What is at stake (in the re-authorization) is the 95 percent of the world's consumer market who live outside of
Bishop estimated that failure to reauthorize the Ex-IM would result in the loss of 4,000 jobs in the
While playing a relatively small role in the U.S. export universe, the bank has become a political flash point. Conservative Republicans single it out as an unnecessary and potentially risky government program, while moderates and most Democrats defend it as providing a useful boost to businesses seeking new markets.
According to Reuters, the bank's supporters hope that
Reuters'
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