National Review piles on Palin and the Wall Street Journal for getting it wrong on Export/Import Bank

I don’t often link to the National Review Online, but when there’s a post titled, Correcting Sarah Palin and the WSJ, I will link. The NRO cites a piece by Ben Smith, to whom I often link, on a fake dust-up about the Export/Import Bank:

Under fire from Sarah Palin and th Wall Street Journal over a proposed $2 billion loan to the Brazilian oil giant Petrobras, the U.S. Export Import Bank is circulating a fact sheet [pdf] defending its proposal.

The document makes the point — left out by Palin’s demand for more American jobs — that the bank is an export credit agency, designed to finance the purchase of U.S. goods and services.

“Only American made goods and services qualify for Ex-Im Bank loans or guarantees. This is the government doing what it’s supposed to do — create jobs and make sure that Americans get a fair shot at selling goods and services and to help American workers compete on a level playing field,” said the document, being circulated by Bank officials on Capitol Hill.

Yeah, the self-described energy expert, Sarah Palin, got it wrong. What’s new? The Ex-Im bank actually makes money for the U.S.

At some point in the near future, one hopes that when Sarah Pain writes a screed on, thinking and responsible people will ignore it.

On October 27, 2010, Joe was one of five bloggers who interviewed President Obama. Joe is a DC-based political consultant with over twenty-five years of experience at both the state and federal level. Joe has managed political operations and legislative efforts for both candidates and issues-based organizations. For seven years, he was the Director of State Legislation at Handgun Control, Inc. He served as that organization's first Political Director during the 2000 cycle. Joe is a graduate of the University of Maine School of Law. In addition, he has a Masters in Public Administration from Lehigh University and received his B.A. from the University of New Hampshire. Joe also has a fun dog, Petey, a worthy successor to Boomer, who got Joe through eight years of Bush and Cheney. Joe likes to think he is a world class athlete having finished the 2005 Chicago Marathon in the time of 4:10. He has completed six other marathons as well -- and is still determined to break the four hour mark.

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