{"id":9692,"date":"2014-10-23T16:10:21","date_gmt":"2014-10-23T20:10:21","guid":{"rendered":"https:\/\/lexingtoninstitute.org\/?p=9692"},"modified":"2015-02-11T14:23:40","modified_gmt":"2015-02-11T19:23:40","slug":"five-reasons-ex-im-bank-reauthorization-is-important-to-national-security","status":"publish","type":"post","link":"https:\/\/www.lexingtoninstitute.org\/five-reasons-ex-im-bank-reauthorization-is-important-to-national-security\/","title":{"rendered":"Five Reasons Ex-Im Bank Reauthorization Is Important To National Security (From Forbes)"},"content":{"rendered":"<p>Unlike export-credit agencies in other countries, the U.S. Export-Import Bank does not finance overseas sales of military items.\u00a0 However, its loan and insurance programs nonetheless have important benefits for national security.\u00a0 First, they sustain domestic industrial skills useful in both commercial and industrial production.\u00a0 Second, they help military contractors with commercial business lines to weather downturns in defense demand.\u00a0 Third, they strengthen subcontractors and suppliers who play a vital part in the defense supply chain.\u00a0 Fourth, they help preserve secure\u00a0domestic sources for cutting-edge commercial technologies with potential military applications.\u00a0 Fifth, they insulate the nation&#8217;s industrial economy &#8212; what FDR labeled the &#8220;arsenal of democracy&#8221; &#8212; from the predatory behavior of unfair traders.\u00a0 I have written a commentary for Forbes elaborating on these points that you can read <strong><a href=\"http:\/\/www.forbes.com\/sites\/lorenthompson\/2014\/10\/23\/five-reasons-ex-im-bank-reauthorization-is-important-to-national-security\/\">here<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlike export-credit agencies in other countries, the U.S. Export-Import Bank does not finance overseas sales of military items.\u00a0 However, its loan and insurance programs nonetheless have important benefits for national security.\u00a0 First, they sustain domestic industrial skills useful in both commercial and industrial production.\u00a0 Second, they help military contractors with commercial business lines to weather [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,8],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Five Reasons Ex-Im Bank Reauthorization Is Important To National Security (From Forbes) - Lexington Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lexingtoninstitute.org\/five-reasons-ex-im-bank-reauthorization-is-important-to-national-security\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Reasons Ex-Im Bank Reauthorization Is Important To National Security (From Forbes) - Lexington Institute\" \/>\n<meta property=\"og:description\" content=\"Unlike export-credit agencies in other countries, the U.S. Export-Import Bank does not finance overseas sales of military items.\u00a0 However, its loan and insurance programs nonetheless have important benefits for national security.\u00a0 First, they sustain domestic industrial skills useful in both commercial and industrial production.\u00a0 Second, they help military contractors with commercial business lines to weather [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lexingtoninstitute.org\/five-reasons-ex-im-bank-reauthorization-is-important-to-national-security\/\" \/>\n<meta property=\"og:site_name\" content=\"Lexington Institute\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-23T20:10:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-02-11T19:23:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lexingtoninstitute.org\/wp-content\/uploads\/2015\/02\/lex_share.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Loren B. 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