Letter: Ex-Im Bank benefits St. Louis area, nation’s economy

In a letter to the St. Louis Post-Dispatch (3/24), Thom and Debbie Wellington of suburban Wildwood, Missouri write about their recent trip to Washington, DC, where they met with members of Congress to discuss the “the importance of maintaining the Export-Import Bank.”

Despite claims from both parties that the Bank fosters “crony capitalism” for big business, the Wellingtons argue that “there are thousands of small companies like ours that count on business from these large manufacturers across the entire country.”

They note that, with 160,000 jobs directly tied to manufacturing and over 8,900 US companies reliant on the Bank’s continued presence to sell their goods abroad, allowing the charter of this profit-making institution to expire would “take away a vital tool that allows our companies to compete worldwide.”