Update: Democrats Play With American Jobs

On Saturday, The Import-Export bank, run by Obama and his ilk, decided to deny a loan that would have built an coal fired electric plant in India and Bucyrus International Inc. would have supplied mining equipment for the project. Because it was not a green energy project the Import-Export Bank denied the loan and it would have cost Bucyrus about 1000 jobs.
Today, from jsonline, the bank reversed their decision, sort of.
According jsonline: "The U.S. Export-Import Bank has agreed to reverse a decision to deny $600 million in loan guarantees for mining equipment that would be manufactured in the U.S. for a coal mine in India, saving up to 1,000 jobs, Sen. Herb Kohl (D-Wis.) said Wednesday."
But: Kohl said the bank would support the loan guarantees provided that the Indian borrower, Reliance Power Ltd., moves ahead with renewable energy projects that also could use U.S. made equipment....The Export-Import Bank offer calls for Reliance to build renewable energy plants, producing at least 250 megawatts of electricity, which are expected to produce no carbon emissions.
In the U.S., that amount of power would meet the electricity needs of roughly 85,000 homes.
It's still unknown whether Reliance will agree to the terms, but Kohl said the offer was encouraging. http://www.jsonline.com/business/97484379.html
Of course, this is announced the day that Obama visits Southeast Wisconsin to talk about jobs.
Obama has done this in Nevada as well. When Obama last came to Las Vegas, he came bearing gifts in the form foreclosure help. This is standard operating procedure for Obama. It's all about him- he saves the day when he comes bearing gifts. This decision could have come another day, like yesterday, but they waited for Obama to come to town.
Narcissist.