In today’s edition of The Heartland Daily Podcast, we listen in as Research Fellow Jesse Hathaway joins the Late Afternoons With Mike Schickman show where he discussed the recent passage of the Highway Bill that reauthorized the Export-Import Bank.
As the calendar pages turn from September to October, thoughts shift from summery Independence Day fireworks and Labor Day cookouts to the spooky parade of Halloween trick-or-treaters.
The Ex-Im Bank has become a key talking point in the 2016 presidential campaign, but most people don’t even know what it is or why it exists. They surely don’t know that it is a New-Deal era government program that takes our tax dollars and gives them to big businesses—like Boeing, ExxonMobil, and General Electric—to make it easier to sell their products overseas.
It’s like putting your money in a bank. But instead of the bank paying you interest…you pay the bank interest.