Shutting Down Ex-Im Bank Punishes American Entrepreneurs and Job Seekers

With all the barriers stacked up against American entrepreneurs, a bright spot has been access to working capital through the Export-Import Bank, which is essential if American exporters are to compete in the global marketplace. Ex-Im provides working capital guarantees, insurance and direct loans to American manufacturers, helping to open new foreign markets that allow the U.S. economy to grow, while creating good-paying jobs. Yet some in Congress are leaning toward not... Read More

U.S. Oil Production Will Help Regain Prestige

President Obama has made it clear that he is no advocate of fossil fuels. He has gone to war against coal and refuses to allow drilling on most federal lands for oil. Despite this lack of support, the United States actually has a surplus of crude oil and natural gas. Domestic production is way up to the point where gas prices at the pump have started to come down. There’s even talk of exporting gas and oil, something that has been restricted since the 1973 OPEC embargo. The... Read More

A Wakeup Call to American Business

It’s hard to find any good news surrounding the government shutdown, especially since an estimate from Standard & Poor’s projected that the shutdown took $24 billion out of the U.S. economy and reduced projected fourth-quarter GDP growth from 3 percent to 2.4 percent. Yet, the shutdown appears to have had one positive effect: it awoke a sleeping giant — America’s business community, which has been sitting on the sidelines waiting for the right time... Read More