http://www.jsonline.com/business/97225544.html
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Up to 1,000 jobs at Bucyrus International Inc. and its suppliers could be in jeopardy as the result of a decision by the U.S. Export-Import Bank, funded by Congress, to deny several hundred million dollars in loan guarantees to a coal-fired power plant and mine in India.
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The reason: the administration's insistance upon so-called green jobs runs afoul of US guarantees for high-carbon projects.
This, of all things, shows the absolute STUPIDITY of Obama's policies, and how they impact real people in the real world.
Does anyone truly believe that India will cease its projects to build coal-fired energy plants? Of course not! So what's the net result: US jobs move overseas, and ABSOLUTELY NO reduction whatsoever in eventual carbon emissions.
The administration's pipe dreams are dramatically hurting the private sector, the same one which they will raise taxes on dramatically. They are imposing policy for the sole purpose of sounding good to their ideologically-aligned talking heads without regard for considering the real impact such decisions make.
This is unbelievable!
I must note that the decision is being reconsidered. Furthermore, I must note that the leftist union representing Steelworkers, local Democrats and Republicans are all against this decision. However, I find it completely ironic that those on the left who are now protesting the results of Obama's policy, are wholly supportive when it is proposed. Governor Jim Doyle (D) and Mayor/Gubenatorial Candidate Tom Barrett (D) both support Wisconsin "Green Jobs" proposals, which are the same types of slippery slopes which are being slid down here.