The Export-Import Bank was established in 1934
for the purpose of creating and sustaining U.S. jobs by financing sales of U.S.
goods to international customers. It is in place to ensure that sales of goods
take place with foreign customers that are weary of the credit risk involved
otherwise. It is a function of our government.
The Export-Import Bank is unfair to airlines though. Foreign
airlines who receive help from our government are in direct competition with
our own airlines and our airlines have to pay full price for their airplanes.
It is unfair to the U.S. airlines and is one of just the many hurdles that the
airlines have to jump in order to make profits and stay in business.
I believe that the Export-Import Bank is a bad deal for the
U.S. economy. It makes it to easy for our country to lose a lot of money if
these risky foreign governments decide to default on their loans. It is also
putting unneeded pressure on the aviation industry. I believe in order to level
the playing field, either we get rid of the Export-Import Bank or offer
subsidies to our airlines as well.
Subjects like this are touchy and I don’t believe there is a
simple solution. I believe it is something that requires constant adjustments
as our economy changes.