|Federal Information & News Dispatch, Inc.|
Bid to Kill Ex-Im Bank Threatens U.S. Jobs
One of the most vexing economic developments in recent decades has been the decline in manufacturing jobs. An industry that employed nearly 25% of the workforce in the 1970s today accounts for only 7.8%.
The loss of these jobs has reduced opportunities for people without a college degree to move into the middle class. It has also prompted hand-wringing among lawmakers of both parties.
So it comes as a surprise that some Republicans - including newly-elected House Majority Leader
But the institution has become a symbol for certain members of
.in the real world, most industrialized nations do far more to promote manufacturers and exports.In the real world, many overseas buyers prefer - or even require - that their suppliers have financial assistance from their government. And in the real world, banks don't provide financing to small businesses interested in doing business in the far corners of the world in sometimes non-democratic or unstable countries.
For these and other reasons, the
Should the U.S. suffer more losses in manufacturing jobs so that some groups can show how ideologically pure, and unaware of the practicalities of global commerce, they really are?
Manufacturers said "to close the
Since 2009, the
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