Just days after the Export-Import Bank approved a multi-million dollar federal loan guarantee to benefit a mostly foreign-based wind-energy outfit, the company pink-slipped more than 200 American workers.
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.
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I’ll just bet if you look into it, that the owners have something to do with the Obama campaign. He’s set up these slush funds using “green energy” as the cover. These loans are just a way the President can use our taxpayer money to support his 2012 campaign. He rewards these bundlers with loans and they use some of the proceeds to contribute. What’s so reprehensible is that he used some of the monies to benefit companies outside of the US. You won’t find any analysis of this on NBC or other sympathetic networks.