Tuesday, July 29, 2014

: re: Don’t Kill the Export-Import Bank

---------- Forwarded message ----------
From: barry levine 
Date: Tue, Jul 29, 2014 at 10:37 AM
Subject: re: Don’t Kill the Export-Import Bank
To: "letters@nytimes.com"

To the Editor:
   Even while publicly trumpeting the magic of the Free Market and his commitment to a "level playing field", president Reagan made sure that big American businesses cheated just as well as our major competitors. 
    The consequence was that American arms and farm equipment and jets continues to provide American jobs. But "the bank focused on very large companies". So it had the perverse effect of destroying any competition in the sectors it backed, at home as abroad. No start-up could challenge Boeing or Caterpillar or Raytheon. And farmers in West Africa can't send their daughters to school, because subsidized American cotton  undercuts the incomes from their family farms.
Barry Haskell Levine


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