Import and export
In order to provide college graduates with jobs (“1 in 2 new graduates,” April 23), businesses need to expand into new markets and create new opportunities. Yet some in Congress want to cancel a decades-old agency — the Export-Import Bank — whose sole purpose is to promote exports that lead to new jobs and sustainable economic growth.
By financing the sale of U.S. goods abroad when commercial banks refuse, the Ex-Im Bank supported $41 billion in new U.S. exports and 290,000 jobs last year alone. In California, the Ex-Im Bank has supported more than $12 billion in exports since 2007, enabling companies to expand operations and hire new workers.
Bank opponents are wrong that Ex-Im financing amounts to “corporate welfare.” In fact, it counterbalances the export financing of countries like China, which provides 10 times as much export credit to its domestic manufacturers. Without the Ex-Im Bank, American companies wouldn’t stand a chance against foreign trade cheats.
By canceling the Ex-Im Bank, Congress could hamstring American exporters and kill job opportunities for new college graduates: a poison pill for economic growth.
President, Small Business California, San Francisco
SLO living improved
Referring to Bob Cuddy’s April 22 column, apparently Mr. Cuddy does not live in San Luis Obispo and has not experienced the broken window syndrome.
In the 10 years before the present City Council took office, San Luis Obispo neighborhoods were sorely neglected.
The problems became so severe that permanent residents fled the city in droves, and now the city is 65 percent rentals. There were 3,000 police calls per year, noise complaints, vandalism, graffiti and crime that contributed to the exodus.
Many of my good friends and neighbors moved away because they could no longer endure what was going on. Just one small section of Foothill Boulevard had four couches installed on top of the roofs of four houses. Fences were ripped off, property was vandalized, etc.
If it weren’t for the hard work of the volunteers that belong to Residents for Quality Neighborhoods, there’s no telling what SLO residential neighborhoods would look like today.
To all those folks like Bob Cuddy who make fun of what Residents for Quality Neighborhoods does, please join us and become part of the solution.
San Luis Obispo