Thursday, September 13, 2012
Government at Work - "Gone with the Wind"
There are just too many situations like this.
I'd like to be present when you try to convince yourself that government knows what it's doing...
I'd like to be present when you try to convince yourself that government knows what it's doing...
CJ Ciaramella has this story at FreeBeacon.com:
"The Export-Import Bank, a federal agency that promotes and finances sales of U.S. exports to foreign buyers, approved a $32 million loan guarantee on Aug. 2 for a Brazilian firm to purchase wind turbines from LM Wind Power.
According to its website, LM Wind Power is headquartered in Denmark. 'Ex-Im Bank’s financing, which guarantees a Bank of America loan, will support approximately 250 permanent American jobs at the company’s Little Rock, Ark., and Grand Forks, N.D., manufacturing facilities,' the bank said in a release.
The company maintains a manufacturing presence in Arkansas and North Dakota—but the company laid off 234 of the Arkansas plant’s roughly 300 workers just two days after its loan was approved."
