Tag: bailout

By Posted on Posted in Abundance and Prosperity, Energy & Sustainability, Politics Tagged with , , , ,

Harvey Wasserman has been a staunch and public opponent of nuclear power since the 1970s (as have I, BTW).

He just posted an article on Huffington Post explaining how the loan guarantees the US is offering the proposed Vogtle nuclear plants in Georgia put U.S. taxpayers at risk for many times the amount lost over Solyndra…how the power company has almost no skin in the game, financially, with all the risk on our shoulders…and how even the very earliest stages of site preparation and construction have been fraught with mismanagement and flawed concrete.

His article goes on to give a quick world-wide wrap-up of the many countries abandoning nuclear, and a glimpse at the better alternatives.

And he links to a petition to stop the loan guarantees, to which I added the following comment when I signed:

These loan guarantees are a terrible solution to nuclear’s failed economics. Closing existing operating nukes and putting he money into *real* clean energy is a far better option.

Help maintain our country’s economic and energy prosperity. Read his article, sing the petition,and get others informed.

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By Posted on Posted in Abundance and Prosperity, Peace and War Tagged with , , , ,

Since I’ve often been critical of President Obama, it’s nice to point out two bits of positive news you probably haven’t heard on national media:

First, this press release reports that the bailout is actually working; the government has now been repaid more than the amount outstanding–and if I’m understanding this correctly, the program should eventually show a profit.

And second, the Washington Spectator (which can always be counted on for great under-the-radar reportage) reports significant strides toward nuclear disarmament (and a much lower number of n-weapons than existed 30 years ago). (You have to be a subscriber to read the article.)

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