While Dems Demonize American “Greedy Rich”, Have No Problem Supporting Chinese Companies Being Successful HERE IN AMERICA

Posted on April 19, 2013

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The United States (Andrew Evans-The Washington Free Beacon) – The U.S. Export-Import Bank (Ex-Im) is financing the purchase of solar panels from a manufacturer now owned by the Chinese that had previously attracted investments from prominent Democrats, the bank announced Wednesday.

The deal comes amid criticism of the bank’s support of foreign competition to American businesses and accusations of cronyism.

Ex-Im approved a loan to an Indian developer who wants to buy solar panels from MiaSolé, a California-based solar panel manufacturer. A bank spokesman said the loan amount has not been issued yet, as the financing terms are still under negotiation.

The private Chinese energy firm Hanergy bought the struggling MiaSolé late last year. MiaSolé’s board first sought $1.2 billion, but Hanergy paid only one-tenth of that, the New York Times reported.

Read more:     http://freebeacon.com/american-jobs-chinese-profits/