Time to Reauthorize the Ex-Im Bank

By Don C. Brunell

American companies are beginning to feel the pinch after Congress killed the Export-Import Bank last June. It is increasingly putting our manufacturers at a competitive disadvantage. Not only are we losing orders to foreign competitors, but some domestic manufacturers are shifting jobs and production to other countries where those banks exist.

GE announced it plans to move 350 jobs from its Waukesha, Wisconsin gas engine plant to a new factory in Canada, which has its own version of an export-import bank. The company, which supplies jet engines to Boeing, says that financing...