Normally I would support it but Obama is still a marxist and the soviet political system played a huge part in the Chernobyl disaster.
Political and union appointees will run the place and anybody with actual knowledge will be afraid to speak out about problems.
I’m suspicious.
I read the article a few times and can’t figure something out.
What’s the catch (trap)? Besides only two (we need more than that). There is always a catch with these guys.
Posted yesterday. And if he was so pro-nuclear, why not fund long-term waste disposal sites like Yucca Mountain? Seems to me he pretty much gutted it last year. Yeah, say one thing, do another—it’s the Obama way.
Do we have any experienced nuclear engineers capable of designing the equipment and plant? It’s been 31 years since the last license was issued for a nuclear generating unit was issued in the U.S. A whole generation of design engineering skills and experience has been lost. Starting over again from scratch generally doesn’t produce optimal outcomes.
These people are so full of cr**.
3,000 jobs at just the cost of a few billion in load ganatees.
Now, what about the other 6.5 million folks looking for work?
Which makes me even more suspicious of Obama's intentions. After all, It is he and his political comrades who have made it impossible for this country to build a nuclear power plant or oil refinery for the past 35 years. Hell it takes 20 years of legal hassles to even build a coal powered power plant! What's in it for his Marxist agenda I wonder? Very interesting indeed.
When did this about face take place?
Powder..patch..ball FIRE!
Obama signals Nuke loan.
Environmental groups sue and it gets tied up for years.
Yobama shrugs and says “I tried” while winking at the greens.
I don’t believe him.
Obama Plans to Undo Bush Rules on Oil Drilling on Public Lands, Among Others
http://redgreenandblue.org/2008/11/10/obama-plans-to-undo-bush-rules-on-oil-drilling-on-public-lands-among-others/
December 4, 2008
Obama may reverse Bush policies on stem cells, drilling, abortion
http://www.cnn.com/2008/POLITICS/11/11/obama.executive.orders/index.html
Obama blocks offshore drilling Feb 11, 2009 ... Wednesday, February 11, 2009 ..
http://www.washingtontimes.com/news/2009/feb/11/drilling-ban-revisited/
You are all wondering what the catch is. Obama is taking credit for a Bush initiative.
Southern Company applied for these loan guarantees under the Bush administration’s program. The loan guarantee was in a very advanced state of approval when Obama made this announcement.
Actually, Southern was so confident of receiving the loan guarantee that they began clearing ground in early 2009 for Vogtle Units 3 and 4. I was at Vogtle in July and a vast area had been cleared and leveled, with all access roads created. These plants are already under contract with Westinghouse and construction has started a couple of months ago.
Obama is essentially taking credit for the whole program, while the fact is that thishis announcement is just a formality.
During the Bush administration, Bush wanted to jump start the nuclear industry. A program was set up to provided $12 billion in loan guarantees. The program was immensely popular with utilities, and a total of $117 billion in loan applications were chasing that $12 billion. Southern Company was chosen because of its ease in site preparation, it is located in an area that is favorable for nuclear, and it has a good history with the NRC.
Remember the “stimulus” bill? In the first draft, there was a provision for $50 billion in loan guarantees for new nuclear plant constuction. Not payouts. Just loan guarantees, for low risk borrowers. Would have created tens of thousands of high paying construction and operation jobs. But it didn’t make it to the final draft. It was taken out by the democrats.
Now that we’ve gone almost a year with ~10% unemployment, Obama has become desperate enough that he is forced to enhance the very same Bush program which the democrats had previously rejected.
What’s the catch? Obama is tacitly admitting Bush was on the right track while taking credit for Bush’s idea.
It begs the question. If nuclear power is such a good idea why would they need anything more than approval? Forget anything else “federal” including loan guarantees.
Nuclear power is needed, but giant nuclear power plants are not and nuclear power does not need government loans.
The only purpose in those loans will be the campaign contributions he expects to flow back to him and his.
If he was really serious he would be taking steps to ban the EPA and reverse all the ignorant “green” laws on the books that make it impossible for nukes to be built. It isn’t the money that is stopping people, it’s the regulations.