Not being one for subsidies, I certainly appreciate the tangled
web we are weaving with this increasingly “mixed” economy.
However, I take no small pleasure in reading how the
Export-Import Bank has reversed itself in the face of political
attention, heat and embarrassment,
agreeing to reconsider financing for a coal-fired power
project in India and thereby “creating or saving” 1,000 jobs in
Wisconsin.
Subsidy aside, the plant in India was coming on line soon
regardless, and ExIm like every other agency touched by our
current president’s radicalism has slipped the rails into green
moonbattery. Which means the money would otherwise have been
squandered on some feel-good wastefulness (or maybe some more
offshore drilling…
off Brazil’s shores, that is).
So, in sum, that’s terrific. Oh, by chance this reversal
coincided with a townhall speech by President Obama touting his
economic prowess. In, ah, Wisconsin.
Now, please Mr. President, could you take your show on the road
to Ohio, Pennsylvania, Kentucky, Virginia, West Virginia,
Missouri, Indiana, among other states that would be most directly
impacted by your
radical anti-coal, indeed anti-energy agenda?
Just guessing here, but maybe this would coincide with granting
them a reprieve, too? (Alternately, maybe someone can talk George
Soros into parking
some of those profits from the Brazilian offshore drilling
play in domestic coal?)