Obama’s promise to bankrupt coal industry to cost 1,000 jobs in upper Midwest

posted at 12:00 pm on June 27, 2010 by Ed Morrissey

During the campaign, Barack Obama promised to bankrupt any new coal-burning plants in the US through his global-warming policies.  Congress has followed suit with a cap-and-trade bill that Harry Reid keeps promising to revive.  One firm in Wisconsin shows exactly what happens when politicians intervene to attempt to conduct social engineering in the energy sector. Bucyrus just lost a $600 million project for a new coal-burning electricity plant in India, thanks to a decision by the Congressionally-funded US Export-Import Bank to deny the Wisconsin firm credit, based in part on Barack Obama’s policies:

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.

About 300 of those jobs are at the Bucyrus plant in South Milwaukee, where the company has 1,410 employees and its headquarters. The remaining jobs are spread across 13 states, including Illinois, Minnesota and Indiana.

On Thursday, the Export-Import Bank denied financing for Reliance Power Ltd., an Indian power plant company, effectively wiping out about $600 million in coal mining equipment sales for Bucyrus, chief executive Tim Sullivan said.

The fossil fuel project was the first to come before the government-run bank since it adopted a climate-change policy to settle a lawsuit and to meet Obama administration directives.

“President Obama has made clear his administration’s commitment to transition away from high-carbon investments and toward a cleaner-energy future,” Export-Import Bank Chairman Fred Hochberg said in a statement. “After careful deliberation, the Export-Import Bank board voted not to proceed with this project because of the projected adverse environmental impact.”

This decision won’t stop one carbon molecule from hitting the air.  In fact, it will likely make carbon emissions worse.  India will look for other vendors to supply the equipment, probably from neighboring Russia or China, as they will continue to build and operate the plant.  Both nations compete in the same marketplace as Bucyrus, but they don’t work as cleanly as the American company does, which means the end result will be lower efficiency and more pollution.

Democrats like Obama keep talking about eeeeeevil corporations that export jobs overseas to save costs rather than keep them in the US.  Well, Obama and his Congress just sent 1,000 jobs overseas — jobs Americans lost, and jobs that either Russian or Chinese workers will get instead. And instead of bankrupting this new coal plant, they just made it dirtier.  Good job!

Two Democrats in Wisconsin, neither up for re-election, scrambled to find political cover in the wake of the devastating decision.  Governor Jim Doyle and Senator Herb Kohl both publicly objected to the decision and promised to push for a reversal, even though there is no appeal at the Export-Import Bank.  Senator Russ Feingold, who is running for re-election, has been quiet about the debacle thus far.  The most liberal member of the Senate has expressed skepticism about cap-and-trade, but only in the way carbon allotments punish Wisconsin in order to benefit California and Massachusetts — the two states where the bill’s authors reside in both the House and Senate versions of the bill.

The best way to ensure that these kinds of decisions cease is to get rid of Democratic control in Washington DC.  Wisconsin voters have the opportunity to signal their displeasure with the Bucyrus decision by canceling Feingold’s Senate career in the same way that the Export-Import Bank canceled a thousand jobs in the upper Midwest.


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what a bunch of bastards.

rob verdi on June 27, 2010 at 12:04 PM

The Obama nightmare continues. He and the Dems can’t govern their way out of a wet paper bag.

shades_of_gasden on June 27, 2010 at 12:04 PM

Wonder how Peggy West feels about this.

ctmom on June 27, 2010 at 12:04 PM

You voted for him, A-holes.

Lanceman on June 27, 2010 at 12:04 PM

Wow. Obama’s amazing. He’s managed to erase 233 years of greatness and destroy an entire country in 19 months!

Humm…wonder how that happened?

katy on June 27, 2010 at 12:04 PM

By the way, someone needs to ask Senator Feingold what he thinks about the decision.

rob verdi on June 27, 2010 at 12:04 PM

Doesn’t Wisconsin directly border India?

Electrongod on June 27, 2010 at 12:04 PM

Senator Russ Feingold, who is running for re-election, has been quiet about the debacle thus far.

And may every resident of Wisconsin, including the employees of Bucyrus, keep this fact in mind come November, when hopefully, Mr. Feingold will finally be retired.

pilamaye on June 27, 2010 at 12:05 PM

As someone who grew up in a coal mining town, I did everything in my power to try to warn people about what Obama’s agenda would mean to miners. They didn’t care. The local unions supported Obama, and they shot themselves in the foot by following the logic that the union wouldn’t lead them astray.

We can only hope that those voters will vote differently the next time around.

Vera on June 27, 2010 at 12:07 PM

Smart Power in action. Way to go, 0, more jobs for China and Russia, more pollution, more CO2 from a less efficient plant, and more US jobs lost.

Mission Accomplished!!!

iurockhead on June 27, 2010 at 12:08 PM

I’m not sorry for the morons in the coal-mining states. Obama told them he’d bankrupt their industry and put them out of work, and they went ahead and voted for him. They made their beds….

SilentWatcher on June 27, 2010 at 12:08 PM

Don’t worry. Odumbass and his fellow a$$wipes have created or saved 2 million jobs which is more than enough to make up for this small loss.

txag92 on June 27, 2010 at 12:10 PM

At least Zer0 has shown that he can keep SOME promises.

iurockhead on June 27, 2010 at 12:11 PM

come on we know the “real reason” for the bank to decline India the funds. there isn’t any golf courses in India.

Oh and by the way golf courses produce a lot of CO2.

unseen on June 27, 2010 at 12:15 PM

Brings to mind the coal fired plant that had all its permits pulled in the 4- corners area of the Navajo Nation by this administration. A whole lot jobs lost to the Navajo’s over that.

chemman on June 27, 2010 at 12:17 PM

When that video clip of Obama saying his energy plan would ‘necessarily bankrupt’ the coal industry was so over the top no one would believe it. Everyone running it was thought to be organized opposition to Obama for political reasons, or the audience discounted the campaign rhetoric saying it was just to appease the extreme leftists that he would not *actually* do it.

Then Obama says his administration will be the most transparent administration ever, and *still* no one believes him because no one is willing to accept what ‘fundamentally transform’ the US actually meant to Obama.

Skandia Recluse on June 27, 2010 at 12:18 PM

I hope Toomey makes an issue of “killing coal” in the PA Senate race this fall. Should be interesting how Sestak goes for the union miners’ vote on that one. There is a reason why one PA county is named “Carbon County.”

Wethal on June 27, 2010 at 12:18 PM

It’s OK, we made “history” by voting for him.

Yakko77 on June 27, 2010 at 12:20 PM

Electrongod on June 27, 2010 at 12:04 PM

Oh, it’s FAR removed from the border of India. But it might be close to China?

Eren on June 27, 2010 at 12:20 PM

Don’t most of you think there is all kinds of hiring and investing not being done because business is afraid where this dumba$$ will strike next. How can anyone budget and plan when laws are written in some vague “to be decided at a later date” attitude?

Cindy Munford on June 27, 2010 at 12:20 PM

Please get rid of the ads that automatically start playing audio files. The towhnallification of this site will lead to people leaving.

Blarg the Destroyer on June 27, 2010 at 12:21 PM

“President Barack Obama”——I’ll never get used to this.

50sGuy on June 27, 2010 at 12:22 PM

My brother lives in Wisconsin, and he’s a filthy fascist. I hope he suffers for his support of BHO, and I hope that others in the Great Lakes area suffer a cold winter for their stupidity.

madmonkphotog on June 27, 2010 at 12:22 PM

Wisconsin voters have the opportunity to signal their displeasure with the Bucyrus decision by canceling Feingold’s Senate career in the same way that the Export-Import Bank canceled a thousand jobs in the upper Midwest.

Unfortunately, the only Wisconsin voters that will ever know about this are the ones that come to sites like HA regularly & they (mostly) are already against the Ds…

Getting news like this to penetrate skulls in Dem strongholds like Milwaukee & Madison is an uphill climb. Denizens of the Peoples Republic of Madison likely think this is a good thing as “coal is bad”. Russ is probably as “safe” as any politician can be in this day & age, the Ds will NEVER turn on him & I don’t know if the Rs can beat him here – doesn’t mean I’m going to stop trying though!

Mike in GB on June 27, 2010 at 12:23 PM

Don’t most of you think there is all kinds of hiring and investing not being done because business is afraid where this dumba$$ will strike next. How can anyone budget and plan when laws are written in some vague “to be decided at a later date” attitude?

Cindy Munford on June 27, 2010 at 12:20 PM

Bill Kristol tried to make this point to Juan Williams today on Fox News Sunday. Liberals simply do not understand these concepts.

BuckeyeSam on June 27, 2010 at 12:25 PM

Keep voting democrat!

Inanemergencydial on June 27, 2010 at 12:25 PM

Feingold: Mr. President, do I look like Mrs. Obama to you?

petefrt on June 27, 2010 at 12:26 PM

How’s that Hopey Changey thing working out for you, Wisconsin?

Wethal on June 27, 2010 at 12:27 PM

Wow. Obama’s amazing. He’s managed to erase 233 years of greatness and destroy an entire country in 19 months!

Humm…wonder how that happened?

katy on June 27, 2010 at 12:04 PM

NO! Only if you gave up already, it’s time to fight,
Don’t give in don’t give up!
God Bless America!

Bobnormal on June 27, 2010 at 12:29 PM

Feingold: Mr. President, do I look like Mrs. Obama to you?

petefrt on June 27, 2010 at 12:26 PM

What? Don’t like your country getting f’d?

RACIST!!!!!!

Yakko77 on June 27, 2010 at 12:30 PM

Feingold: Mr. President, do I look like Mrs. Obama to you?

petefrt on June 27, 2010 at 12:26 PM

“No Mr. Feingold, you have a much smaller butt.”

VegasRick on June 27, 2010 at 12:31 PM

because of the projected adverse environmental impact.”

So – take this further- if a US company bids on mining or building mining equipment in/for Afghanistan and asks the Import/Export Bank for a loan they pretty much know that they will be denied. So we are already taking ourselves out of competition there also.

Our economy is so screwed.Thanks O. Thanks E-nuts.

journeyintothewhirlwind on June 27, 2010 at 12:32 PM

Hey, WI, wake the hell up!

mankai on June 27, 2010 at 12:34 PM

Well, it’s nice to see that our neighbors to the North who had the vision to vote for Obama can do their part in the fundamental transformation of America.

I think their next step should be to boycott Arizona and send all of their remaining business to Russia and China.

SlaveDog on June 27, 2010 at 12:36 PM

Isn’t this the same bank that guaranteed $2 billion in loans for Petrobas to do offshore drilling? Why didn’t Obama’s green policies block THAT?

Oh, right.. Cloward-Piven and Soros.

Daggett on June 27, 2010 at 12:37 PM

I’d like the republicans to introduce a bill that says if we find out we elected an incompetent dumbass as the president, his term is limited to two years.

It’s not any more crazy then the bills the Dems have been ramming down our throats.

fogw on June 27, 2010 at 12:37 PM

Look at all you limited government types who are outraged that a bank owned by the US government didn’t make a loan.

Mark1971 on June 27, 2010 at 12:38 PM

SOLID B+

jukin on June 27, 2010 at 12:39 PM

Just freaking brilliant.

gophergirl on June 27, 2010 at 12:40 PM

Does he not know what “transition” means?

If that is this case, I hope we “transition” to a new POTUS the day after the election. Those extra few months could be vital.

This is perfect for them – more folks on unemployment, additional calls for extensions, then they can pass the blame to Republicans for blocking more extensions (that only prolong unemployment and add to debt).

Which meme will most Americans hear/see?

reaganaut on June 27, 2010 at 12:41 PM

There is now one of those “Hows that hope and change working out for you” billboards on the highway between Milwaukee and Madison.

sammypants on June 27, 2010 at 12:41 PM

It is not completely clear to me why the US government should be involved in this deal in the first place. This looks like a job for the private sector. Maybe those artifically deflated interest rates are having effects not anticipated by the Federal Reserve.

I do wonder what this does for Obama’s stated position of economic growth of US exports?

Meanwhile, back at the actual coal mines, unless Obama makes exporting the coal illegal, their business is still going to grow.

Freddy on June 27, 2010 at 12:42 PM

JAKARTA, INDONESIA – The Export-Import Bank of the United States (Ex-Im Bank) announced that it has pre-approved 11 Indonesian banks to receive expedited financing under a $1 billion bank facility to support U.S. exports to Indonesia.

http://www.exim.gov/pressrelease.cfm/4C2CED75-9C8D-62CE-CE5FDFD71B5001E8/

reaganaut on June 27, 2010 at 12:43 PM

The 44th and final POTUS, 2&1/2yrs more years of this and whatever is left will not be America as we knew it.

If BHO is allowed to serve out his term, or god forbid serve two, the nation will be utterly in ruins. Advantages gained by our competitors will become permanent as all the world observes our arbitrary unreliability in business, military and political matters.

If he is impeached an unholy alliance of far left interests will start riots that make Greece look like a model of civility. This state of chaos will most likely devolve into a race war which carachters like Shabazz, Farakhan and Wright are just itching to lead.

Thanks so much soft headed fools that thought Hope & Change are an actual sane policy. I hope they have plenty of Kool-aid to serve you in the hell you deserve to rot in.

Archimedes on June 27, 2010 at 12:43 PM

Commerce Clause.

/crr6

Del Dolemonte on June 27, 2010 at 12:44 PM

WASHINGTON, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) and the State Corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) today signed a memorandum of understanding to cooperate in financing U.S. exports to Russia.

http://www.exim.gov/pressrelease.cfm/6BBB83B6-A060-A7AF-AF22E89014AB4839/

reaganaut on June 27, 2010 at 12:44 PM

Nobody can be this consistently stupid. This is malicious, perpetrated by domestic enemies. November can’t come fast enough.

ZenDraken on June 27, 2010 at 12:44 PM

Within the last two months, Ex-Im Bank has approved five medium-term insurance policies through PNC Bank for buyers in Chile, all of which focus on infrastructure development.

http://www.exim.gov/pressrelease.cfm/3D4987C0-F766-A4D8-0920B7ED1413B4C2/

reaganaut on June 27, 2010 at 12:44 PM

BuckeyeSam on June 27, 2010 at 12:25 PM

Hope I am home at six so I can see it. Mr. Obama and the Democrats are disasters.

Cindy Munford on June 27, 2010 at 12:46 PM

Thanks so much soft headed fools that thought Hope & Change are an actual sane policy. I hope they have plenty of Kool-aid to serve you in the hell you deserve to rot in.

Archimedes on June 27, 2010 at 12:43 PM

And don’t forget to thank the 33% of Americans who stayed home from the polls in November of 2008-many of them doing so “to teach the Republicans a lesson”.

It never occurred to these idiots that they just might be destroying our country?

Del Dolemonte on June 27, 2010 at 12:47 PM

GRAND RAPIDS — Having watched the oil gushing in the Gulf of Mexico, dairy farmer Frank Konkel has a hard time seeing how spilled milk can be labeled the same kind of environmental hazard.

But the Environmental Protection Agency (EPA) is classifying milk as oil because it contains a percentage of animal fat, which is a non-petroleum oil.

The Hesperia farmer and others would be required to develop and implement spill prevention plans for milk storage tanks. The rules are set to take effect in November, though that date might be pushed back.

“That could get expensive quickly,” Konkel said. “We have a serious problem in the Gulf. Milk is a wholesome product that does not equate to spilling oil.”

But last week environmentalists disagreed at a Senate committee hearing on a resolution from Sen. Wayne Kuipers, R-Holland, calling for the EPA to rescind its ruling.

“The federal Clean Water Act requirements were meant to protect the environment from petroleum-based oils, not milk,” he said. “I think it is an example of federal government gone amuck.”

But Gayle Miller, legislative director of Sierra Club Michigan Chapter, said agricultural pollution probably is the nation’s most severe chronic problem when it comes to water pollution.

“Milk is wholesome in a child’s body. It is devastating in a waterway,” Miller said. “The fact that it’s biodegradable is irrelevant if people die as a result of cryptosporidium, beaches close for E. coli and fish are killed.”

Miller said “big agriculture” is constantly trying to be exempted from environmental regulations at the state and federal level. She was disappointed to learn the EPA told The Press it “expects shortly to issue a notice to extend the date for milk storage tanks to comply with SPCC (Spill Prevention Control and Countermeasure) regulations.”

HT: Legal Insurrection. This was from a Michigan paper, but I assume America’s Dairyland would be equally affected.

Wethal on June 27, 2010 at 12:49 PM

“President Obama has made clear his administration’s commitment to transition the U.S. to a third world nation status and toward a cleaner-energy future,” Export-Import Bank Chairman Fred Hochberg said in a statement.”

docflash on June 27, 2010 at 12:49 PM

Saving the planet, even if it means everyone needs to die, who wouldn’t want to be a liberal? Sign me up!

Bishop on June 27, 2010 at 12:50 PM

U.S. Export-Import Bank, funded by Congress

Cool. I just found another wasteful government program for the GOP controlled congress to cut funding for next year.

Vashta.Nerada on June 27, 2010 at 12:51 PM

Any objective observer knows that Obama is attempting to destroy the American economy. This is just one more piece of evidence, but it comes at a steep price to those Americans who will lose their jobs.

GaltBlvnAtty on June 27, 2010 at 12:52 PM

If he is impeached an unholy alliance of far left interests will start riots that make Greece look like a model of civility. This state of chaos will most likely devolve into a race war which carachters like Shabazz, Farakhan and Wright are just itching to lead.

Archimedes on June 27, 2010 at 12:43 PM

At this point, I don’t care if it does happen. No pain, no gain.

Vashta.Nerada on June 27, 2010 at 12:53 PM

Add me to the “Ha-Ha!” chorus.

Marcus on June 27, 2010 at 12:54 PM

Every single day there is at least one major new thing obama does to depredate this nation. I simply cannot believe – still – that America was stupid enough to place him in office. We obviously deserve the abomination that we are getting, every single day. I pray that obama will be the inoculation that cures the electorate’s disease. Otherwise, the books close on this nation soon.

paul1149 on June 27, 2010 at 12:54 PM

Look at all you limited government types who are outraged that a bank owned by the US government didn’t make a loan.

Mark1971 on June 27, 2010 at 12:38 PM

I’m all for getting rid of the EX-IM Bank. And the Federal Reserve. And the SEC. And ending our support to the UN… and the World Bank. Plus Fannie, Freddie, Ginnie, Sallie…

There is just no end of financial institutions that the government has that screws things up that I don’t see as necessary. All of these ‘regulations’ are supposed to make things better and, instead, we find them making things worse at political whim. That is not the way things are supposed to run, and I would be glad, overjoyed, to get rid of this politically rigged system and force companies to make good commercial decisions on finances based on real world risk analysis rather than political risk analysis.

Until that time happens, when a federally backed financial organization screws the US taxpayer, US citizens or US corporations, it can go to perdition because that is where it is taking us and then far worse places after that.

Remember I want them ALL GONE.

And the ability of Americans to sink or swim on their own without the boat anchor of helpful government guaranteeing a bad end.

ajacksonian on June 27, 2010 at 12:56 PM

PBHO has issued a new directive: all BBQ’s will no longer use charcoal, instead they must cook with clean, free, sustainable wind.

Bishop on June 27, 2010 at 12:56 PM

Thanks so much soft headed fools that thought Hope & Change are an actual sane policy. I hope they have plenty of Kool-aid to serve you in the hell you deserve to rot in.

Archimedes on June 27, 2010 at 12:43 PM
And don’t forget to thank the 33% of Americans who stayed home from the polls in November of 2008-many of them doing so “to teach the Republicans a lesson”.

It never occurred to these idiots that they just might be destroying our country?

Del Dolemonte on June 27, 2010 at 12:47 PM

I made the same point yesterdays thread about HRC’s insistence that if we can’t kill em the womb, starve them to death.

So, do we learn that elections do have consequences, any ‘purist’ conseravatives want to make the arguement that McCain was no better than Obama? Are perishing children in the 3rd world just collateral damage in ‘making a point’ to the GOP? Try explaining it to a child with a distended belly how they are better off that McCain with a 90% pro-life rating would’ve done just the same, that there were no differences between the two.

Those of you who stayed home on election day are equally complicit with the Kool-Aid swillers that foisted this nightmare on our nation. Now that you’ve made ‘your point’, how confident are you that the damage done by 2012 was worth it?

Anyone?

Bueller?

Archimedes on June 26, 2010 at 6:54 PM

Archimedes on June 27, 2010 at 12:58 PM

And there are still those who argue that Obama is not an idealogue but a pragmatist.

Drained Brain on June 27, 2010 at 12:59 PM

paul1149 @ 12:54
That is true. Think about what this single event does to the lives of those 1000 or so workers, and their families, and to the local and state economies, and then to the federal economy. Obama is a villan.

GaltBlvnAtty on June 27, 2010 at 12:59 PM

If he is impeached an unholy alliance of far left interests will start riots that make Greece look like a model of civility.

Better to get it out of the way now. They’ll be rioting soon enough, when the money dries up.

reaganaut on June 27, 2010 at 12:59 PM

all BBQ’s will no longer use charcoal

The Hank Hill act of 2010?

reaganaut on June 27, 2010 at 1:00 PM

Better to get it out of the way now. They’ll be rioting soon enough, when the money dries up.

reaganaut on June 27, 2010 at 12:59 PM

“The tree of liberty must be refreshed from
time to time, with the blood of patriots and tyrants.
It is its natural manure.”

TJ.

VegasRick on June 27, 2010 at 1:07 PM

U.S. Export-Import Bank, funded by Congress U.S. Taxpayers.

FIFY. That includes the oh so progressive dopes in Wisconsin who voted for this jerk. I hope they’re happy with the price their paying to fight a mythical problem with meaningless gestures in a country half way around the world that doesn’t give a rip about first world junk science.

RadClown on June 27, 2010 at 1:09 PM

“Milk is wholesome in a child’s body. It is devastating in a waterway,” Miller said. “The fact that it’s biodegradable is irrelevant if people die as a result of cryptosporidium, beaches close for E. coli and fish are killed.”

Oh dear lord, I really have woken up in an Orwellian nightmare of 1984! Talk about a solution in search of a problem, can this nit-wit produce just one corpse that has resulted milk seepage into the enviroment?

That no sane Rep can gain any traction to block such moronic policies just convinces me all the more that we are completely doomed.

Archimedes on June 27, 2010 at 1:12 PM

Isn’t this the same bank that guaranteed $2 billion in loans for Petrobas to do offshore drilling? Why didn’t Obama’s green policies block THAT?

Oh, right.. Cloward-Piven and Soros
.

Daggett on June 27, 2010 at 12:37 PM

DING!

Spiny Norman on June 27, 2010 at 1:15 PM

all BBQ’s will no longer use charcoal
The Hank Hill act of 2010?

reaganaut on June 27, 2010 at 1:00 PM

It’ll be a mandate for solar panel equipped grills. Your matches and charcoal will be confiscated and propane won’t be acceptable either.

Tim Zank on June 27, 2010 at 1:15 PM

Archimedes on June 27, 2010 at 1:12 PM

Have you ever heard of a seacow?
Duh!

*enviroweenie

VegasRick on June 27, 2010 at 1:17 PM

PBHO has issued a new directive: all BBQ’s will no longer use charcoal, instead they must cook with clean, free, sustainable wind.

Bishop on June 27, 2010 at 12:56 PM

Wind burn? Effective immediately; all BBQ’s will be fitted with magnifying lenses.
BBQs sold in the South will be quipped with long wicks to be dropped into the Gulf water. Please do you part in the Gulf cleanup – have a BBQ today!

Electrongod on June 27, 2010 at 1:18 PM

unbelievable!

trailortrash on June 27, 2010 at 1:19 PM

My brother lives in Wisconsin, and he’s a filthy fascist. I hope he suffers for his support of BHO, and I hope that others in the Great Lakes area suffer a cold winter for their stupidity.

madmonkphotog on June 27, 2010 at 12:22 PM

they aren’t worried – Chavez will take care of them.

poppieseeds on June 27, 2010 at 1:21 PM

Oh dear lord, I really have woken up in an Orwellian nightmare of 1984! Talk about a solution in search of a problem, can this nit-wit produce just one corpse that has resulted milk seepage into the enviroment?

Archimedes on June 27, 2010 at 1:12 PM

That’s the Sierra Club. They hate agriculture of any kind. Even family dairy farmers like Frank Konkel, that “rapist of mother Gaia”.

Probably even so-called “organic” farming, if it’s big enough to be profitable…

Spiny Norman on June 27, 2010 at 1:21 PM

Doesn’t Wisconsin directly border India?

Electrongod on June 27, 2010 at 12:04 PM

Peggy West assures me the answer is, no. Illinois is between them.

Barnestormer on June 27, 2010 at 1:22 PM

paul1149 on June 27, 2010 at 12:54 PM

As it was so eloquently stated by some Czech statesman:

“The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.”

Archimedes on June 27, 2010 at 1:22 PM

It’s worse in West Virginia, folks. Even the Democratic politicians that supported Obama state that this administration is at war with coal. Even mining permits (lifeblood to the industry) that had been granted are being suspended for further review….

chaswv on June 27, 2010 at 1:22 PM

Has there been a case in recent memory either in commerce or foreign policy between America and another country that Obama has stood for America? He seems to alway side with the other country.

kurtzz3 on June 27, 2010 at 1:25 PM

Please get rid of the ads that automatically start playing audio files. The towhnallification of this site will lead to people leaving.

Blarg the Destroyer on June 27, 2010 at 12:21 PM

Try a different browser. I use Firefox and the site makes no noise. I don’t like the ads, but they’re easy enough to ignore since they just sit there silently.

lizzie beth on June 27, 2010 at 1:26 PM

I’m starting to think that smartly creased slacks has little to do with the ability to govern.

/brooksie

docjeff on June 27, 2010 at 1:32 PM

If the company is a good credit risk, does it need a government loan guarantee?

BCrago66 on June 27, 2010 at 1:39 PM

Let Wisconsin charter their own Export-Import Bank. Pretty much all that’s happening here is the government giving the company a credit line to the to front end the purchase. If the company is reliable, the project is profitable, and the rate of return is good, then it should be a win-win.

As for the lawsuit, things are a lot different now, in 2010, than they were in 2002 when the lawsuit was filed.

The side benefit, even if the idea doesn’t come to fruition, is that it shakes things up and sends shudders through existing alliances.

Dusty on June 27, 2010 at 1:42 PM

The Ex-Im Bank is racist against the people of India!!! Oh wait, Indians aren’t one of the Libs’ precious protected classes, so it’s okay. /sarc

KS Rex on June 27, 2010 at 1:46 PM

BTW, the Ex-Im Bank Board includes a bunch of Democrat hacks like Max Cleland and Joe Grandmaison. Fred Hochberg is a multimillonaire heir to the Lillian Vernon fortune and a prominent gay rights activist. Obama has stocked the Bank with a bunch of ideologues. We should not be surprised that it is making decisions based on Leftist ideology.

rockmom on June 27, 2010 at 1:51 PM

As someone who grew up in a coal mining town, I did everything in my power to try to warn people about what Obama’s agenda would mean to miners. They didn’t care. The local unions supported Obama, and they shot themselves in the foot by following the logic that the union wouldn’t lead them astray.

We can only hope that those voters will vote differently the next time around.

Vera on June 27, 2010 at 12:07 PM

They won’t. Any “voters” that cast their vote based upon what their union tells them, are too damn dumb to vote any differently in the future. And really -what does this do for your ego to know that those voters too stupid to think for themselves would then be agreeing with you (if they did change their vote)?

Old Country Boy on June 27, 2010 at 1:53 PM

Look at all you limited government types who are outraged that a bank owned by the US government didn’t make a loan.

Mark1971 on June 27, 2010 at 12:38 PM
The article said the Import-Export Bank was guaranteeing the loan, not making the loan.

Who is John Galt on June 27, 2010 at 2:03 PM

If he is impeached an unholy alliance of far left interests will start riots that make Greece look like a model of civility.

My fears exactly. Look what just happened in LA….and the Lakers won, for the love of God.

I just can’t come up with a scenario that safely removes this viper from office without mad violence and cities burning.

….Unless, some extraterrestrial alien abducts him from the White House lawn. I am a dreamer.

betsyz on June 27, 2010 at 2:07 PM

Democrats like Obama keep talking about eeeeeevil corporations that export jobs overseas to save costs rather than keep them in the US. Well, Obama and his Congress just sent 1,000 jobs overseas — jobs Americans lost, and jobs that either Russian or Chinese workers will get instead. And instead of bankrupting this new coal plant, they just made it dirtier. Good job!

The ongoing conspiracy that put this un-American cretin in power is just begging to be exposed in a tell all book that would make “All the President’s Men” seem a child’s fairy tale in comparison.

It’s hard to believe that there’s not one investigative journalist that hasn’t sold out to the left, and would take the opportunity to make a career, while at the same time helping to save a sleeping giant of a nation.

This new reality of of completely unrealistic statist government run amok gets more surreal by the day, as the terrifying creeping disaster goes largely unreported or uncovered, or maybe un-uncovered.

ontherocks on June 27, 2010 at 2:07 PM

About 300 of those jobs are at the Bucyrus plant in South Milwaukee, where the company has 1,410 employees and its headquarters. The remaining jobs are spread across 13 states, including Illinois, Minnesota and Indiana.

Fu** this…I don’t want to hear a bunch of whining about these jobs. All four states voted for this asshole and you can bet that nearly every union schmuck layed off voted for him as well, with the exception of Indiana, where unions do not control manufacturing.

I hope their union shops all shut down in the next year, so that when a Republican President gets the economy moving again, manufacturing all moves to non-union states and the Wisconsin-Minnesota-Illinois liberal states rot to death.

Jaibones on June 27, 2010 at 2:08 PM

If the company is a good credit risk, does it need a government loan guarantee?

BCrago66 on June 27, 2010 at 1:39 PM

Due to the hostile enviroment created by PBHO all private capital is sequestered out of a “who’s next” mentality that has our financial system held captive. This leaves to the creditor of last resort, the Im/Ex bank under the yolk of gov’t regs. Now do you see why a “crisis” is so useful?

Only gov’t sanctioned projects get green lighted while market forces timidly cower on the sidelines for fear of the wrath of regulatory strangulation should any venture into areas not ofr the administraions liking. On toop of that they fear even going where Team ‘O’ wants them to go as they have seen former BFF’s like BP and Goldman Sachs get publicly skewered by Team ‘O’ the minute they’ve gotten what they needed and aboandoned them afterwards.

We now plod determinedly towards an Atlas Shrugged stagnation of morals, will and ability spread like a contagion till the body of the system is so riddled with apathetic indifference that even self-defence appears a folly of futility.

I would say we we go where no man has gone before, but we have in that period that followed the prosperous era provided by Rome, it was called the Dark Ages and we are headed into the sequel of it.

Archimedes on June 27, 2010 at 2:08 PM

Look at all you limited government types who are outraged that a bank owned by the US government didn’t make a loan.

Mark1971 on June 27, 2010 at 12:38 PM

Love to see it gone – in the meantime I would prefer it not support oil wells in Brazil for non-US drilling firms instead of screwing companies here of the charade that is CO2 and global climate change. This is what happened to Spain and a number of other Euroweenies who are walking back from the cliff of self induced extinction.

Archimides – I hear you, but on the point of global warming – McCain believed it and if he won, cap and trade would have been done and irreversible, thus dooming us for ever. As it is – the EPA is going to try and force a regulation down our thoat that the GOP can defund next year and a GOP president can eliminate in 2013 if it survives a court challenge. He also believed in the most glaringly bad health care concepts like guarentee issue.

No, I like you following statement on woe to us for an electorate who would vote in Obama, but also woe to us to put up against him a McCain, who would have done many of the same things (not foreign policy I grant you) and thus would have put us down a path to domestic disaster with zero hope of discovery.

Our best hope is that the population is getting a good dose of liberal fascism up close and personal and is beginning to question what govt can do. Once the losses on election day keep coming and the govt run media collapses because no one watches or reads them anymore – then we have a chance.

I think Wisconsin will have a GOP senator next year – maybe we need to send him a few bucks to try and make it happen.

Zomcon JEM on June 27, 2010 at 2:19 PM

and thus would have put us down a path to domestic disaster with zero hope of discovery.

“recovery” not discovery – preview is my friend.

Zomcon JEM on June 27, 2010 at 2:21 PM

Please get rid of the ads that automatically start playing audio files. The towhnallification of this site will lead to people leaving.

Blarg the Destroyer on June 27, 2010 at 12:21 PM

Ads? I don’t even see any ads on this site. Like another poster said, try Firefox and for even more satisfaction, use the ABP (Ad Block Plus) add-on.

Jimnospin on June 27, 2010 at 2:27 PM

Wisconsin brought this on itself by voting for Obama.

Liberalism is a religion, which among other things, often manifests itself as Gaia worship. Basically the pagan Druids of old. Sadly not even wise enough to realize they just made the pollution worse.

Reap what you sow.

scotash on June 27, 2010 at 2:27 PM

Zomcon JEM on June 27, 2010 at 2:19 PM

I share the same misgivings of McCain as you, the garaunteed issue is injurius and the AGW nonsense is fatal. The true difference is I think yet to show itself, McCain would be out of office after one term and laws can be stricken. PBHO on the other hand, I do not think EVER intends to walk away from the office, his narcisissism is on par of that of Aurelious Commodus, his puppet house/senate will in its lame-duck session will grant amnesty to the est’d 12-20 million illegals (could be up to 40) and will abolish the Electoral College.This assures him of victory in 2012. Withy the Chicago Way cemented into the Oval another 4yrs he will brow-beat, bribe and bully the repeal of the 22nd amendment with the 1st 38 states required to ratify to get the bulk of future’stimulus’, without which they will implode.

In short if he is not impeached (and there are countless instances that qualify, but that is another convo) he will be president for either his life, or until the nation itself fractures maybe or mabe not as violently as Yugoslavia.

Archimedes on June 27, 2010 at 2:41 PM

betsyz on June 27, 2010 at 2:07 PM

As pointed out above:

reaganaut on June 27, 2010 at 12:59 PM

They will do that anyway when the money runs out. So I wouldn’t let it be a deterrent to impeachment if the opportunity were there.

Eren on June 27, 2010 at 2:42 PM

Zomcon JEM on June 27, 2010 at 2:21 PM

Yeah, I hear you. I really need to acquaint myself more fully with ‘preview’ as well.

Archimedes on June 27, 2010 at 2:45 PM

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