For the record I have said this should be closed down. And they don't make loans, they guarantee loans for a fee, like PMI on your mortgage. How much revenue does the govt get off the 250000+ jobs Boeing is responsible for? The average of those salaries in six figures. Without corruption the ex-im would be a great use of govt money.
If you think loan guarantees generate revenue for the government, then I guess you think Solyndra loan guarantees generated revenue for the government. Same for the loan guarantees for the Auto companies. You must just like the nipple that Boeing sucks. Are they such pansies that they can't compete? Corn was over $7.00/ bushel 3 years ago, Cotton over $2.00/lb. Soybeans over $15.00/bushel 2 years ago. Now Corn less than $4.00, Cotton less than $0.70, Soybeans less than $10.00. Of course farmers don't like it but they will adjust or find something else to do.
I don't mean to pick on you, but I am tired of hearing that a business can't survive without government protection or a subsidy. One can't get a college education without a government student loan and that is with the government already paying 2/3rds of the total cost. One can't start a business without a SBA loan, or own a home without a 1st time home loan. I AM SICK OF HEARING that one can't do anything without government help and government control.
It is about time that ALL realize THAT WE CAN.
According to the Congressional Budget Office, they don't know if the EX-IM loans make money or lose tax payer money! The have two formulas for evaluating it, one shows a profit and the other a loss. That's what happens when you have a government so large and out of control, they don't know what's happening.
Corrupt regimes like Trump's don’t fight crime, they legalize it. They don’t chase the crooks, they hire them. They don’t stop lying, they tell you the truth is whatever they say it is. Honor used to mean something, as did truth and integrity. In the Trump culture, those character traits mean nothing. It is sad to see what is becoming of our country.
It is time for big government to go away and realize their only purpose at the federal level is to ensure the safety of the American Citizen and the protection of our great nation. The State Governors are responsible for the daily lives of his/her citizens that elected them. Feds need to get out of our lives and back to their jobs. Stop with the loans, stop with the subsidies, stop with the control of the schools, highways and everything else they have their hands in. Stop artificially inflating the stock market and stop trying to control peoples property with the EPA. Done with my rant for the day. In case you haven't noticed I hate big government putting their nose into our lives.
Fishing, hunting, golfing, traveling and relaxing is life's reward after meeting your goals and retiring.
Right now the sale of A320s and 737s to China (largest purchaser of new aircraft in the world right now) is approx 50/50. Take away this financing arm and that will go to 80/20 in favor of the A320. For me it doesn't matter, I work on both aircraft but times will get pretty tough in the Seattle area and other when they shut down a 737 line.
No worries on picking on me, I can take it I'm not even all that opposed to your side of things I'm just trying to point out its not that simple on a global scale.
Again for the last time ALL TARIFFS, LOAN GUARANTEES, SUBSIDIES OF ANY KIND ONLY LOWER THE STANDARD OF LIVING OF ALL.
Do you not believe those foreign companies are subsidized?
You are very wrong on one very important concept. A "country" cannot exercise free trade, unless it is trading with itself. A group or set of countries can exercise trade but it is only free trade if ALL PARTICIPANTS play by the same rules. Its not free trade if those you are trading with have subsidies, so you either have to impose tariffs to level the field or force them to play by your rules. Imposing rules on your own country that are not followed by others is putting your businesses at a distinct dis-advantage.
Please show me how the economics of trading with China works out when we give our companies no help, impose no tariffs on the Chinese, and allow them to do any gov't intervention they want? How does that raise our standard of living? That is what we essentially have been doing the last 20+years and what is the ratio of US made products to Chinese on the shelves today?
Comparative Advantage applies only to the opportunity cost and does not deal with unfair trade practices. By not supporting US Companies you essentially give every other country willing to subsidize a comparative advantage to produce any good unless we have some natural resource that no one else does.