Wednesday, June 30, 2010

Government Agency To Approve Loan and “Save” Bucyrus Jobs

Golly, who could have predicted this turn of events?

The U.S. Export-Import Bank has found a way to approve $600 million in mining equipment orders for Bucyrus International, saving up to 1,000 U.S. jobs, Sen. Herb Kohl, D-Wis., said Wednesday.

Oh yeah… it was me. 

Political gamesmanship.  Pure and simple

(10) Comments
Posted by Owen at 1054 hrs
Economy + Politics + Politics - General + Politics - Wisconsin

  1. The only interesting thing here was the way it was announced. Obama doesn’t announce it, Feingold (running for re-election) doesn’t announce it, Barrett (running for governor) doesn’t announce it.

    They have Kohl - who probably WON’T run for another announce this. Just weird.

    Are they trying to play the balance of not pissing off the envirowackos vs. keeping everyone else happy with the job news?

    Posted by .(JavaScript must be enabled to view this email address) on June 30, 2010 at 1246 hrs


  2. I think they realize that most people know they are saving the jobs from themselves.  This is not some politician on a white horse vanquishing “evil corporations”.  We know who was going to kill the jobs.

    People are happy in the way that they are happy when a tornado does not touch down.

    Posted by .(JavaScript must be enabled to view this email address) on June 30, 2010 at 1333 hrs


  3. Bill, that is an interesting observation. Wondering if it could be that a Barrett and/or Feingold announcement would make the whole thing so transparent (that’s transparent a bad way) that everybody would see though it as an orchestrated PR stunt. Kohl provides a mild distraction.

    Posted by .(JavaScript must be enabled to view this email address) on June 30, 2010 at 1338 hrs


  4. That’s the way they do it in Chicago…

    Posted by .(JavaScript must be enabled to view this email address) on June 30, 2010 at 1450 hrs


  5. Must’ve been that letter that Walker ran in the Racine paper.  He’s quite a wordsmith.

    Posted by Recess Supervisor on June 30, 2010 at 1536 hrs


  6. It’s not exactly a Done Deal.  Reliance has to promise to build 250MW of banana-burning plants.  Or something like that.

    Posted by dad29 on June 30, 2010 at 1621 hrs


  7. Yep, Dad’s right.  From jsonline:

    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

    .  Why would Alliance take on the added expense when they don’t have to?  Reliance can easily get the equipment from somewhere else.

    Posted by .(JavaScript must be enabled to view this email address) on June 30, 2010 at 1634 hrs


  8. I disagree with those that say this was brought about by Barrett or Feingold or anyone else.  This is all about Obama.  they could have made this announcement yesterday but they waited for Obama to visit so he can take the credit.  You have to remember that Obama is an “all about me” kind of guy.

    Posted by .(JavaScript must be enabled to view this email address) on June 30, 2010 at 1820 hrs


  9. Political gamesmanship.  Pure and simple

    So make sure you go out and vote citizen!  We can’t have gamesmanship without your consent!

    Posted by Jay4Liberty on June 30, 2010 at 1840 hrs


  10. What the hell does Obama think he’s playing at with this environmental BS. Does he think that India is going to stop mining coal if they don’t get the equipment from the US? Does he even stop to think that if the contract goes to a Chinese firm it will be worse for the environment? Or is this more of the environmentalist “hear no evil, see no evil” crap.

    I am sick and tired of the lies and parlor tricks, in the name of “saving the environment.”

    Posted by .(JavaScript must be enabled to view this email address) on July 01, 2010 at 0900 hrs


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