Law and Politics

Export-Import Bank Important for U.S. Economy

March 24, 2016
By IAM President Bob Martinez 

Washington, DC – IAM International President Bob Martinez issued the following statement in response to Sen. Bernie Sanders comments on the Export-Import Bank

"IAM continues to be concerned about Sen. Bernie Sanders push to end the Ex-Im Bank. The bank means jobs for our members, especially for tens of thousands of working men and women in Washington State. Sen. Sanders extreme rhetoric and misguided voting record on this issue is alarming for the 85,000 families across the state who rely on the success of the bank.

“Senator Sanders is simply wrong on the Ex-Im Bank; it is not ‘corporate welfare.' It drives the Washington economy including the high wage aerospace industry, one of the last sectors in which the U.S. enjoys a positive balance of trade with the rest of the world. At no cost to taxpayers, this is a winning program for workers and businesses.”

***The IAM is one of the largest industrial trade unions in North America, representing more than 35,000 workers at Boeing among 600,000 active and retired members in dozens of industries.

March 23, 2016

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