Obama's Nuke-Powered Drone Strike on America's Fiscal Sanity

[unhappycamper]

http://smirkingchimp.com/thread/harvey-wasserman/54329/obamas-nuke-powered-drone-strike-on-americas-fiscal-sanity

Obama's Nuke-Powered Drone Strike on America's Fiscal Sanity
Energy Policy | Environmental Policy
by Harvey Wasserman | February 20, 2014 - 9:37am

So the “all the above” energy strategy now deems we dump another $6.5 billion in bogus loan guarantees down the atomic drain. Energy Secretary Ernest Moniz has announced finalization of hotly contested taxpayer handouts for the two Vogtle reactors being built in Georgia. Another $1.8 billion waits to be pulled out of your pocket and poured down the radioactive sink hole.

A nuke-powered drone strike on fiscal sanity.

While Fukushima burns and solar soars, our taxpayer money is being pitched at a failed 20th century technology currently distinguished by its non-stop outflow of lethal radiation into the Pacific Ocean.

The money is to pump up a pair of radioactive white elephants that Wall Street won’t touch. Georgia state “regulators” are strong-arming ratepayers into the footing the bill before the reactors ever move a single electron—which they likely never will.

[ladjf]

1. Incredibly dumb and destructive move by the President. nt

[FBaggins]

2. Poor Harvey really does have a problem with reality, doesn't he?

A $6.5 Billion loan gurantee does not pull $6.5 Billion "out of taxpayers pockets" unless the loan defaults. In fact... it adds money to the treasury since the gurantee comes with a price tag.

So the “all the above” energy strategy now

Now? The President's strategy has always included nuclear power. There's nothing new to that.

our taxpayer money is being pitched at a failed 20th century technology

Repeatedly calling something a "failed technology" doesn't make it true. Nuclear power (even despite Fukushima) is undergoing a global resurgence - including multiple new nations. He would like for it to be dying... but it simply isn't true.

non-stop outflow of lethal radiation into the Pacific Ocean

Never one to miss an opportunity for hyperbole, eh Harvey? He lives in his own reality and expects the reader to just join him there despite all evidence.

The money is to pump up a pair of radioactive white elephants that Wall Street won’t touch.

They won't? Then why are the other three reactors being built without the gurantees? And why are the two at Vogtle roughly half-way completed before the gurantee came through?

before the reactors ever move a single electron—which they likely never will.

That's my favorite. He actually still holds out hope that they won't be completed? Not just "hope"... but he thinks it's "likely"?