Thursday, July 15, 2010

GreenWeenie Slow-Walk on Bucyrus Deal?

Is it Chicago-style 'slow-walk', or just the usual incompetent bureaucratic BS?

The U.S. Export-Import Bank on Wednesday took the first step toward reversing an earlier decision that had put up to 1,000 U.S. jobs and $600 million in Bucyrus International Inc. sales at risk. But the process is taking so long, Bucyrus' chief executive is worried the contract still could disintegrate...

Remember that this deal does not meet BammyBoy's definition of 'nice.' Coal will be burned, oh my.

In some countries, export credit agencies issue loan approvals in 60 to 90 days. By the time the U.S. Export-Import Bank makes its final decision on the mining equipment, the Bucyrus deal will have been in the works for nearly a year.

Well, yah. After all, Bucyrus may come and go, but the Feds expect to be in their jobs forever.

1 comment:

steveegg said...

Slow-walk. Prediction - as soon as the election is over, they'll reject it.