Alderman, Schweitzer, Bayh on the Infrastructure Bank the U.S. Already Has in The Washington Post
Public Strategies principals Mark Alderman and Howard Schweitzer, along with former U.S. Senator Evan Bayh (D-Ind.) wrote an opinion piece published on September 30 in The Washington Post on using the Ex-Im Bank as the infrastructure bank called for in President Obama’s Jobs Act. In the American Jobs Act, President Obama calls for a national infrastructure bank to support private-sector investment in public projects to revitalize the economy. As the piece points out, “even if the president’s proposal were enacted tomorrow, it would be years before such a new bank would be fully operational.” So, in the alternative, Alderman, Schweitzer and Bayh suggest adding domestic infrastructure projects to the Export-Import Bank of the United States (Ex-Im Bank) mandate. Currently, the Ex-Im Bank only handles such projects internationally; however, it does have the legal authorization to do stateside.
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