April 7, 2015

Veronique de Rugy Discusses Ex-Im Reauthorization on An Economy of One Radio (WSPD-AM)

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Ex-Im Bank provides billions of dollars in financing for foreign firms to purchase American goods, in theory supporting American jobs and promoting economic growth in developing economies. However many of these taxpayer-supported loans simply subsidize large foreign corporations in buying goods from major U.S. firms, instead of serving their intended purpose. Congress must reauthorize Ex-Im by June 2015 or the bank will be shuttered. Veronique de Rugy outlines the problems with Ex-Im in this interview.