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Thread: Obama Said to Seek $54 Billion in Nuclear-Power Loans

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    Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Obama Said to Seek $54 Billion in Nuclear-Power Loans (Update1) - Bloomberg.com


    Jan. 29 (Bloomberg) -- President Barack Obama, acting on a pledge to support nuclear power, will propose tripling loan guarantees for new reactors to more than $54 billion, two people familiar with the plan said.

    The additional loan guarantees in Obama’s budget, which will be released Feb. 1, are part of an effort to bolster nuclear-power production after the president called for doing so in his State of the Union address Jan. 27. Today, the Energy Department plans to announce creation of a panel to find a solution to storing the waste generated by nuclear plants.

    “To create more of these clean-energy jobs, we need more production, more efficiency, more incentives,” Obama said in his speech. “That means building a new generation of safe, clean nuclear-power plants in this country.”

    For the 2011 budget, the department will add $36 billion to the $18.5 billion already approved for nuclear-power plant loan guarantees, according to the people, who asked not to be identified because the budget hasn’t been released. Congress started the program in 2005 to encourage new plant construction, but the department has yet to issue a loan guarantee.


    I 100% support this. Good Job Obama
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Reverend_Hellh0und View Post
    I 100% support this. Good Job Obama
    Why should the government be (again!) guaranteeing loans for private businesses?

    Didn't the failure of FDR's experiment with the FHA tell that socialist anything?

    Oh, I watched the Messiah's performance before the GOP this morning.

    Does he really think his Blame it on Bush strategy is going to work on that crowd?

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Scarecrow Akhbar View Post
    Why should the government be (again!) guaranteeing loans for private businesses?

    Didn't the failure of FDR's experiment with the FHA tell that socialist anything?

    Oh, I watched the Messiah's performance before the GOP this morning.

    Does he really think his Blame it on Bush strategy is going to work on that crowd?




    I'd much rather it invest in loans for nuclear power, than green cars and cap and trade. fact is most all of our power companies are government sanctioned monopolies.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    While I agree that the Government giving out the money is of concern, nuclear power is worth the investment.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Reverend_Hellh0und View Post
    I'd much rather it invest in loans for nuclear power, than green cars and cap and trade. fact is most all of our power companies are government sanctioned monopolies.
    The government shouldn't be in the loan business.

    That's what banks are for.

    No government sponsored loans, not for homes, not for cars, not for college, not for nuclear power plants.

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Scarecrow Akhbar View Post
    The government shouldn't be in the loan business.

    That's what banks are for.

    No government sponsored loans, not for homes, not for cars, not for college, not for nuclear power plants.
    Says the guy who claims we need to set up manufacturing and military bases on the moon

    Wow
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    What needs to be done is make the environmentalists that file law suits to stop the construction of these plants pay damages if the suits fail... that's what killed the nuclear industry last time.

    Good job Barry, he finally is trying to do something right.
    There is no such thing as a “Natural Born Dual-Citizen“.

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    I didnt have to read the article to tell you that you cant read.

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Goldenboy219 View Post
    Says the guy who claims we need to set up manufacturing and military bases on the moon

    Wow
    You really should read the Constitution someday.

    Nor did I recall saying the government should loan anyone taxpayer money to run it.

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Crunch View Post
    Good job Barry, he finally is trying to do something right.
    No he's not. Watch out for the picadors.

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Reverend_Hellh0und View Post
    I'd much rather it invest in loans for nuclear power, than green cars and cap and trade. fact is most all of our power companies are government sanctioned monopolies.
    I can agree with that. I think that in the end, nuclear power is a great form of energy. People are afraid of it. The main problem is where to put the waste, but that can be solved. But nuclear power really is one of the best forms of power generation we currently have.
    You know the time is right to take control, we gotta take offense against the status quo

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