Political Quotes

“The thing that people need across this Nation, from shore to shore today, more than anything else is jobs. Yet, the United States Export-Import Bank just recently made a decision that kills 1,000 new jobs. The recent U.S. Export-Import Bank denial of a loan guarantee to help finance the purchase of U.S.-made coal mining machinery by an Indian power company exposes the hypocrisy of the Obama administration and many in the environmental community. According to its mission statement: ``The Export-Import Bank of the United States, known as Ex-Im Bank, is the official export credit agency of the United States with the mission to assist in financing the export of U.S. goods and services.'' Well, at least that's what it states. The mined coal in India that the U.S.-manufactured machinery would have produced would be used for a new power plant in one of India's poorest regions. A subsidiary of Reliance International Limited of India was to use the loan guarantee to buy $600 million worth of Wisconsin Bucyrus International mining machinery, which represents 1,000 U.S. jobs. In a party-line vote of two Democrats to one Republican, the loan guarantee was turned down, not for economic reasons, but because it was contrary to the new White House policy of not funding ``projects with heavy carbon emissions,'' in this case a coal fired power plant.”