As if she hadn’t stirred up enough baseless wrath, now Palin is using her celebrity to denigrate the U.S. Export/Import Bank. Incredibly (or maybe not so, given the shallow understanding demonstrated in most of her statements) she is opposed to this program .
The Ex-Im bank lends money for foreign companies to use for U.S. produced goods and services. It is a LOAN, and it must be used by the receiving company, Petrobras in Brazil, for AMERICAN GOODS AND SERVICES. To be opposed to this is to be opposed to U.S. production.
From Politico :
In this case, Cogan said, the proposed loan would likely finance engineering services, sales of ships to service oil platforms, or drilling equipment.
“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 — not the British or the French or anyone else — and to help American workers compete on a level playing field,” Cogan said, noting that most developed countries have similar credit-export agencies.
Perhaps I should really be blaming the Wall Street Journal which is happy to publish opinion articles that seem to be giving Palin her ammunition. I think it’s pretty damn shocking that this pre-eminent business newspaper is okay with tearing down support for programs that support U.S. jobs as long as they get people to oppose Obama.