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According to an Associated Press story, the Export-Import Bank of China is committed to take care of most of the financing for the 600-megawatt wind farm.
It's the money that raised a red flag for Sen. Charles Schumer, D-N.Y., who said the project might be seeking 30 percent funding from economic stimulus grants. The money would be used to buy turbines and other equipment manufactured in a Chinese plant.
Schumer is right to be concerned.
The senator said, "The idea that stimulus funds would be used to create jobs overseas is quite troubling.
"The purpose of the (stimulus program) was to jump- start the economy to create and save jobs -- American jobs. Yet, the Texas wind farm project would create an estimated 2,000-3,000 clean-energy manufacturing jobs in China. ... American taxpayer dollars should not be used to finance those Chinese jobs."
The economic stimulus program has been beset with problems from the beginning, and questions about accountability and effectiveness still cloud the initiative. The assumed objective of economic stimulus was and is to stimulate the U.S. economy.
It's difficult to see how pouring stimulus money into a Chinese power group and factory would be of significant benefit to U.S. workers, help to create U.S. jobs and help to stimulate the U.S. economy.
Schumer wants Energy Secretary Steven Chu to reject an expected request for the money. That's what should happen.
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