Looks like he got all of you, American taxpayers.
As usual, when bu$ine$$ is involved the nuclear power i$$ue is front page new$:
"Nuclear subsidies put taxpayers at risk; Power companies call defaults unlikely" by Michael Kranish, Globe Staff | February 25, 2010
WASHINGTON - President Obama’s plan to kick-start the construction of nuclear power plants in the United States comes with a big catch: Because private banks won’t lend to an industry viewed as financially risky, taxpayers would be accountable for billions in government-guaranteed loans if plant developers default.
Yup, the CORPORATE BAILOUTS are NEVER GOING to END, Americans!!!
And, of course, NO ONE ELSE can BUILD NUCLEAR POWER PLANTS (well, unless they are a friend like India, then we help them), America!
They might be making a bomb!
Precisely how much risk the public would carry remains a subject of lobbying by the industry, which is trying to minimize its financial exposure as the political climate in Washington has warmed in its favor.
Don't you love their agenda-pushing puns? Isn't reading the newspaper great?!
Kind of takes your mind of the government heist of your wallet, 'eh, readers?
Obama said last week that his administration had conditionally awarded a loan guarantee for the construction of two nuclear reactors at a plant in Georgia and said he wants to fund many more such projects under a program that could exceed $50 billion. But critics said the president has failed to address the potential liability to taxpayers for such loans.
Yeah, but he cares so much about you, American.
What a great front man for the financial elite, huh?
Of course, he will be long gone by the time the bill comes -- at least, the tax bill.
As for your health, well, that cost could come a lot sooner (although the cancer won;t show up for 20 years and then you can take the government and industry to court and argue about it for another 20).
“There is a huge potential risk for taxpayers,’’ said Autumn Hanna, who analyzes federal loan guarantees at Taxpayers for Common Sense, a nonpartisan group. She said the risk could be in the tens of billions of dollars and said the public shouldn’t be asked to assume responsibility banks are unwilling to take.
Oh, THAT IS JUST YOUR WHOLE GOVERNMENT APPARATUS right there, America! BANKS won't lend to RISKY BORROWERS and ACCEPT the LOSSES?!
STEP on up to the TAXPAYER WINDOW then!!!
To reduce taxpayer risk, the Obama administration wants nuclear companies to pay fees into a government-managed insurance fund to back the loans. But the administration has not said how large the premiums should be, and power companies are lobbying for the lowest possible rate to keep the program economically feasible. Suggestions have ranged from fees of 1 percent to 25 percent of the loan.
The nuclear industry, while acknowledging that taxpayer dollars will be at risk, said the downsides will be minimized by a combination of factors, including new, safer reactor designs that will enable companies to deliver projects on time and on budget.
I was just wondering how many lies the American people are going to drink before this whole thing comes crashing down?
“Of course there’s risk; there’s risk in any project,’’ said Leslie Kass, senior director of business policy and programs at the Nuclear Energy Institute, the industry’s lobbying group. “But it is a calculated risk, and we think it is a low risk.’’
Are YOU willing to TAKE the RISK with YOUR MONEY and YOUR HEALTH on the line, America?
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Banks have been reluctant to lend money for new nuclear projects due to a combination of concerns about cost overruns, past defaults, and the uncertain regulatory climate and political hostility that have shadowed the industry since the Three Mile Island accident in 1979.
But don't worry; they have their act together this time.
Then why wouldn't the banks lend them the money, Americans?
But in a quest for energy sources that do not contribute to global warming, Obama and some other Democrats have joined with Republicans to back a renaissance in nuclear power production.
Oh, yeah, this is ALL BASED on a DAMNABLE LIE, Americans!
That's the WORST PART of it ALL, isn't it?
The prevailing belief is that plant safety has improved dramatically and projects can be delivered on budget, providing thousands of high-paying jobs. But there are significant uncertainties.
Do YOU want such UNCERTAINTY when it comes to YOUR COMMUNITY and HOMES, dear Americans?
The Washington Public Power Supply System, which sought to build nuclear reactors financed with municipal bonds, defaulted on those bonds in 1983 in a case that still hangs over the financing of such projects.
Yes, NOT a GOOD WAY to FINANCE ANYTHING!
Oh, and LOOK WHO BENEFITED from TAXPAYER PAYMENTS from buying BONDS!
Wow!
In addition, the problem of where to put spent fuel, which remains highly radioactive, has not been resolved.
Also see: The Boston Globe's Invisible Ink: Yucky Yucca
Yes, the Globe gives that worry the full sentence it is due.
You know what i$ important to the new$paper, right?
The Obama administration would extend government-guaranteed loans for as much as 80 percent of the costs of constructing new plants. It has said it wants to provide more than $50 billion in loan guarantees for nuclear projects, while the industry has said it would like at least twice that amount.
Boom.
Look at the mushroom cloud, taxpayers.
They will get it; they are lobbying for it. No one lobbying for you.
The Nuclear Energy Institute estimates that there are 28 proposed nuclear projects around the country that might seek the guaranteed loans. None of the proposals is for New England, where opposition to nuclear power has been stronger than in other regions such as the South. Among companies that are interested in new nuclear power plants are
Critics of the loan program have questioned whether insurance premiums would be large enough to adequately protect taxpayers in the event of default on an expensive project.
“There is this inherent flaw with loan guarantees,’’ said Hanna of Taxpayers for Common Sense. “If terms are fair to taxpayers, the industry wouldn’t take it.’’
No, no, no, this government and Obama are doing this all for you, America!!
Don't listen to these two-thirds through the article critics!
Why should you?
Globe doesn't.
“We have tried to minimize the risk to the taxpayers, but there is always risk when you provide a loan guarantee,’’ said Matt Rogers, an adviser to Energy Secretary Steven Chu....
Why did we give the banks that billions in loot again?
So they could remain liquid and make loans, right?
They never did; they pocketed the cash to balance their books and hand out bonuses.
But don't worry; government will be just as rigorous in overlooking the loot as they were regarding the stimuloot and the war-profiteers.
Critics of the approach point to a 2003 report by the Congressional Budget Office that concluded that about half of proposed new power plants would wind up in default. But
That's all yuor concerns get, critics. Wo, what a ONE-SIDED piece of "reporting."
Chu said in a conference call on Feb. 16, “I don’t know of the CBO report. . . . We don’t believe the chance of default is 50 percent. We believe it’s far less than that.’’
An Energy Department official said later that the report was out of date, and the nuclear industry has dismissed the estimate as without merit. The CBO also said, in a 2008 report, that by giving loan guarantees to nuclear power developers, it may cause the nuclear industry “to invest in excessively risky projects because they do not bear all the cost of a project’s failure.’’
Representative Edward Markey of Malden, a Democrat and the chairman of the subcommittee on Energy and the Environment, has urged Chu to make sure nuclear plants are certified as safe by the Nuclear Regulatory Commission before the loan guarantees are finalized.
“Congress needs to look very closely at the terms and conditions of any of these huge loan guarantees to ensure that the Department is doing everything possible to minimize the prospect that the taxpayers would ever have to bail out bad loans for new nuclear plants,’’ Markey said.Yeah, he's a real global-warming fighting environmentalist, yup.
What a FART-MISTING FRAUD!!!!
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Now when it comes to OUR HEALTH -- you know, the ones the newspaper is supposed to be serving -- it's ALL in the BRIEFS!!!
Oh, didn't even make the web, huh?
Pfft!
"Regulators to step up Vermont Yankee inspections" by Dave Gram, Associated Press Writer | April 7, 2010
MONTPELIER, Vt. --The federal Nuclear Regulatory Commission said Wednesday it will increase inspections at the Vermont Yankee nuclear plant following recent radioactive leaks at the plant and misstatements by Yankee executives to state officials.
Meanwhile, a member of a state panel overseeing the plant says it will report next month that eight failures in plant systems led to the leaks of tritium, cesium-137 and other radioactive substances into groundwater and soil around the Vernon reactor....
Vermont Yankee disciplined 11 current and former plant employees for providing bad information to the state....
That is ALL I RECEIVED from New England's largest daily, dear readers, and I LIVE RIGHT DOWN the ROAD!!!
Related: The Boston Globe Can Not Say a Lie
Around New England: Cancer Water Creeping Into New Hampshire
Around New England: Vermont's Leaky Faucet
Around New England: You Can't Clean Up Vermont
Around New England: Vermont Votes Yankee Down
All I can say is TAKE OUR EXPERIENCE to HEART, New Jersey!!
"Battle brews over nuclear power plant" by Associated Press | March 19, 2010
ATLANTIC CITY — Owners of the nation’s oldest nuclear power plant are threatening to shut it down rather than build cooling towers mandated by New Jersey environmental regulators.
In January, the state Environmental Protection Department required the plant to build one or more “closed-cycle’’ cooling towers instead of relying on water drawn from Oyster Creek in Lacey Township to cool the reactor.
The state said that process kills billions of shrimp and tens of thousands of fish, crabs, and clams each year.
And here you are going hungry, America.
All so you can HAVE POWER!!
But Exelon, based in suburban Chicago, insists the new technology would force it to shut down the reactor, which last year received a 20-year license extension.
Yeah, this government of Obama's really cares about your health, huh?
Good thing you got yourself a new health tax, 'er what was in that thing, anyway?
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