Bayh: National Export Initiative Will Make 'Enormous Difference' In Boosting Economy
Congressional Desk
March 18, 2010
Says President´s announcement at Export-Import Bank is "an adrenaline shot to domestic businesses and the workers who depend on them"
Washington - Senator Evan Bayh made the following statement in response to President Obama´s speech at the Export-Import Bank announcing the creation of a National Export Initiative to double American exports. Bayh is the chairman of the Senate Banking Subcommittee on Security and International Trade and Finance, which has oversight jurisdiction over the Export-Import Bank.
Senator Bayh´s statement follows:
"We cannot rest in our efforts to strengthen America´s global economic competitiveness, and to accomplish that, it´s essential that we open new foreign markets to our goods. This initiative is an instance where robust presidential leadership and a talented team in place at the Export-Import Bank will make an enormous difference in steering our national economic ship into steadier waters.
"Today, our country took a meaningful step in providing an adrenaline shot to domestic businesses and the workers who depend on them. This government-wide commitment to financing export growth and opening new markets will help millions of global consumers discover what Americans already know: ´made-in-the-USA´ is an indelible stamp of excellence.
"Indiana needed this. An enhanced focus on exports will help us further strengthen our industrial base and put Hoosiers back to work. Indiana´s economy is more reliant on manufacturing than any other state per capita. Hoosier workers know that consumers worldwide will buy our products if markets are opened and credit is flowing. I´m excited because Hoosier manufacturers could see increased profitability by selling everything from locally made vehicle parts, industrial machinery, and pharmaceutical products to a substantial new customer base."
Washington - Senator Evan Bayh made the following statement in response to President Obama´s speech at the Export-Import Bank announcing the creation of a National Export Initiative to double American exports. Bayh is the chairman of the Senate Banking Subcommittee on Security and International Trade and Finance, which has oversight jurisdiction over the Export-Import Bank.
Senator Bayh´s statement follows:
"We cannot rest in our efforts to strengthen America´s global economic competitiveness, and to accomplish that, it´s essential that we open new foreign markets to our goods. This initiative is an instance where robust presidential leadership and a talented team in place at the Export-Import Bank will make an enormous difference in steering our national economic ship into steadier waters.
"Today, our country took a meaningful step in providing an adrenaline shot to domestic businesses and the workers who depend on them. This government-wide commitment to financing export growth and opening new markets will help millions of global consumers discover what Americans already know: ´made-in-the-USA´ is an indelible stamp of excellence.
"Indiana needed this. An enhanced focus on exports will help us further strengthen our industrial base and put Hoosiers back to work. Indiana´s economy is more reliant on manufacturing than any other state per capita. Hoosier workers know that consumers worldwide will buy our products if markets are opened and credit is flowing. I´m excited because Hoosier manufacturers could see increased profitability by selling everything from locally made vehicle parts, industrial machinery, and pharmaceutical products to a substantial new customer base."
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