Regarding the editorial “The Export-Import Bank: Do not resuscitate” : The Ex-Im bank is not corporate welfare. It is, to the contrary, a U.S. jobs-creating agency that helps to level the playing field for U.S.-based companies like Westinghouse that must compete in the global marketplace against companies that are state-owned or heavily subsidized by their governments.
Without the Ex-Im Bank, companies like Westinghouse would be at a severe disadvantage, as our state-owned and state-controlled competitors offer their customers numerous incentives including strong project financing.
The Ex-Im Bank, however, by providing these global customers with a U.S. financing option for U.S. exports, makes it much more likely that infrastructure decisions around the world will be made on the basis of the quality and price of the product, service or technology. On this type of balanced playing field, Westinghouse and hundreds of other U.S. companies are able to win large global contracts that will continue to create and sustain hundreds of thousands of U.S. jobs.
For Westinghouse, the four new AP1000 nuclear plants we are now constructing in China are creating 20,000 well-paying jobs in 20 states. It is also important to point out that the successful pursuit of international business has helped Westinghouse to become a net exporter of products and services. More than half of our revenues originate outside the United States, but more than 60 percent of our global workforce is in the United States, including more than 5,000 employees right here in Western Pennsylvania.
The writer is communications Director for Westinghouse Electric Co.
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.