Post by Logan on Mar 16, 2016 16:39:00 GMT -6
Note: This article is being posted to discuss the merits of Bernie Sanders platform on trade policy. The article appeared in The Seattle Times which is the only major newspaper in the country that has endorsed Bernie Sanders over Hillary Clinton.
Sanders’ wrong-way trade policy bad for Washington businesses, workers
THE Export-Import Bank of the United States is critical to the type of jobs and industries that have made our state strong. Through its support, businesses across Washington have been able to take their products to the rest of the world.
From our incredible apples to our award-winning wine and beer to our game-changing software, technology and airplanes, nearly 85,000 Washington families’ paychecks have depended on the success of the Ex-Im Bank. It assists hundreds of businesses in our state with 90 percent of the bank’s transactions directly supporting small businesses. It creates and supports the types of jobs vital to our state’s economy.
Manhasset Specialty Company, based in Yakima, is a perfect example of those types of jobs. Manhasset is not the type of company one would expect to benefit from the Ex-Im Bank. Yet as the maker of some of the world’s most premier music stands, their products are used by musicians around the globe and can be found on the stages of the best orchestras and performers. This employee-owned business spurs growth, supports families and is important to their community. It is through the bank’s ability to provide loans and loan guarantees that it can compete globally.
When the bank came up for reauthorization last year, every Democrat in Congress from Washington state as well as every Democrat but one in the U.S. Senate fought against Republican attempts to kill the program. The lone holdout who joined Republican efforts to shut down the bank was U.S. Sen. Bernie Sanders, I-Vt.
Read more: www.seattletimes.com/opinion/sanders-wrong-way-trade-policy-bad-for-washington-businesses-workers/
Sanders’ wrong-way trade policy bad for Washington businesses, workers
THE Export-Import Bank of the United States is critical to the type of jobs and industries that have made our state strong. Through its support, businesses across Washington have been able to take their products to the rest of the world.
From our incredible apples to our award-winning wine and beer to our game-changing software, technology and airplanes, nearly 85,000 Washington families’ paychecks have depended on the success of the Ex-Im Bank. It assists hundreds of businesses in our state with 90 percent of the bank’s transactions directly supporting small businesses. It creates and supports the types of jobs vital to our state’s economy.
Manhasset Specialty Company, based in Yakima, is a perfect example of those types of jobs. Manhasset is not the type of company one would expect to benefit from the Ex-Im Bank. Yet as the maker of some of the world’s most premier music stands, their products are used by musicians around the globe and can be found on the stages of the best orchestras and performers. This employee-owned business spurs growth, supports families and is important to their community. It is through the bank’s ability to provide loans and loan guarantees that it can compete globally.
When the bank came up for reauthorization last year, every Democrat in Congress from Washington state as well as every Democrat but one in the U.S. Senate fought against Republican attempts to kill the program. The lone holdout who joined Republican efforts to shut down the bank was U.S. Sen. Bernie Sanders, I-Vt.
Read more: www.seattletimes.com/opinion/sanders-wrong-way-trade-policy-bad-for-washington-businesses-workers/
