Joe Nocera Quotes
The Latest Tea Party Piñata
The Tea Party, having had little success at the polls, tended to pick one element of government with most members and friends bashing that element blindly, like the blind-folded children at a Piñata Party. In this case it was the Export Import Bank that enabled over 250,000 jobs last year. The Tea Party which is always complaining about government spending, surprised most observers when they attacked the Export-Import Bank. It is one of the very few government agencies that costs the taxpayer nothing. As a matter of fact, it actually produces a profit for the taxpayer and reduces the deficit. See {640781}.
Joe Nocera, Financial Journalist, Columnist, and Writer, Title of Op Ed Article about the Export-Import Bank, “The Latest Tea Party Piñata”, New York Times, June 9, 2014
Sourced by: Eigen's Political and Historical Quotations
The Export-Import Bank lends money at good interest rates to foreign businesses to buy goods manufactured in the United States. It creates hundreds of thousands of American jobs each year, and costs the American taxpayer nothing; the bank actually makes money, None the less, it has been the policy of the extremist conservative Republicans like the Tea Party to oppose the bank’s charter renewal.
- Born: May 6, 1952
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Joseph Nocera is an American business journalist and author. He writes about sports at The New York Times where he previously wrote about business and was a columnist for the newspaper's Op-Ed page. Nocera is also a business commentator for NPR’s Weekend Edition and, as of January 2017, for Bloomberg View.
