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