For Immediate Release

Contact: (202) 225-3164

 
 

May 20, 2010

   
     
 

OBAMA ADMINISTRATION CHOOSES FRENCH COMPANY OVER OHIO JOBS
Gives $2 Billion Loan Guarantee to French

 
     

Washington, D.C. -  Today the Department of Energy made it official and awarded a $2 billion dollar loan guarantee to the French conglomerate Areva.  The controversial decision contradicts a campaign promise President Obama made to support the American company applicant and build a facility in Ohio, creating some 4,000 jobs. 

“Today is a day we all feared was coming.  I find the Administration’s decision is a slap in the face and just wrong.  I am sure they are celebrating in Paris tonight but in Piketon all we have is the paper that the President’s promise was printed on.
 
“Ohio voters will not soon forget what happened today.  The pain is as real as we believed his promise to be,” Congresswoman Schmidt said. 
 
The Obama Administration is rumored to be considering a second loan guarantee but made no commitment to keep its promise.

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