Obama to announce loan help for U.S. nuclear power

Feb 15, 2010 | Posted by: Mr_Bill | Full story: www.reuters.com

The Obama administration, advancing nuclear power use to help cut greenhouse gas emissions, will announce on Tuesday an $8.3 billion loan guarantee to help Southern Co build two reactors, a government official told Reuters.

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“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#1
Feb 15, 2010
 

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So, Obama is a socialist after all.

Since: Nov 08

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#2
Feb 15, 2010
 

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Obama is a horses-ass unsurpassed in modern times for his arrogance and sophomoric attitude towards America,
Lance Winslow

United States

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#3
Feb 15, 2010
 

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So the government helps pay for it and Teabagers rejoice. Go figure.

Since: Nov 08

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#4
Feb 15, 2010
 

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If I hear Greenhouse Gasses one more time from this God damned imbecile, I'm going to melt down like Chernobyl.
Just saying

Saint Paul, MN

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#5
Feb 15, 2010
 

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Mr_Bill wrote:
So, Obama is a socialist after all.
Yes he is. Who do you think is going to own those plants in the end? Obamy saw Hugo Chavez has power plants, so BigAct has to have a couple too. I hope those power companys read the fine print on the loan papers.

“twists and turns”

Since: Feb 09

lufkin

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#6
Feb 15, 2010
 
it's like a dream, my thoughts drift back to a happier time. the thrilling election results. the victory parties. the endless screams of joy across the land....

he awoke with a jolt. it was a dream, just a dream. more like a nightmare. as he opened his eyes, the scene was still the same. the view from behind the dumpster on 23rd street hadn't gotten any better overnight. it was valentines day. valentines day used to be a heppy day. he would take his wife out for a nice lunch then a stroll through the park.

nobody walks through the park these days. nobody lives here hardly anymore. it came with a flash. the jobs gone. the families thrown into the streets. "you can't pay so out you go" children crying, trying to understanc why they can't sleep in their bed tonight. why they have to move into the shelter. why does daddy cry all the time, why does he drink that smelly stuff?

obama. hope. change. change. yes, things changed in a flash for mike. from a comfortable middle class neighborhood, he commuted into the city. he had a stable job, insurance, all the regular benefits.

wham......

the garbage truck was here early. suddenly the garbagemam was envied. at least he had a job. sure it was crappy, but it paid and that was enough. mike scurried into the alley before he could be seen.

he closed his eyes, and could still see her. the smell of her perfume was so slight, as to be mistaken for trees in the nearby park. he loved her with all his heart. it was too much for her to bear. losing the house. losing everything. they buried her next to the big oaks. it would be easier to find her when the kids grow up he thought. for mike, she would never leave. it was all just a mistake. she would be home from the store soon. smiling. bringing in bags of groceries. stargin sunday dinner on a bright spring day, the birds chirping and bees fluttering about.

wham....

mike jumped.

it was the cops. here to move him along. he scurried along dutifully. they knew his story. everyone did. the kids taken when he couldn't keep a job. moved into different homes. he lost track, the system swallowed them whole. now he wanders the streets, thinking of the hope and change he voted for. i'm going to make a difference he said to his friends, i'm voting for obama. he's going to washington to fight against the system. he's going to work for me.

he laughed. work for me? i hope he works cheap mike chuckled.

another cold night in detroit. mike took his coat off and lay on the bench. it wouldn't be long till he was with amanda he thought. the smell of her perfume, he could smell it already. i love you amanda he whispered, as he drifted off to sleep.
Deo Vindice

Sacramento, CA

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#7
Feb 16, 2010
 

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He is also robbing taxpayers to build three nuclear power plants in Kenya.
the_truth_be_tol d2006

Cleveland, TN

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#8
Feb 16, 2010
 

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shadowavx wrote:
it's like a dream, my thoughts drift back to a happier time. the thrilling election results. the victory parties. the endless screams of joy across the land....
he awoke with a jolt. it was a dream, just a dream. more like a nightmare. as he opened his eyes, the scene was still the same. the view from behind the dumpster on 23rd street hadn't gotten any better overnight. it was valentines day. valentines day used to be a heppy day. he would take his wife out for a nice lunch then a stroll through the park.
nobody walks through the park these days. nobody lives here hardly anymore. it came with a flash. the jobs gone. the families thrown into the streets. "you can't pay so out you go" children crying, trying to understanc why they can't sleep in their bed tonight. why they have to move into the shelter. why does daddy cry all the time, why does he drink that smelly stuff?
obama. hope. change. change. yes, things changed in a flash for mike. from a comfortable middle class neighborhood, he commuted into the city. he had a stable job, insurance, all the regular benefits.
wham......
the garbage truck was here early. suddenly the garbagemam was envied. at least he had a job. sure it was crappy, but it paid and that was enough. mike scurried into the alley before he could be seen.
he closed his eyes, and could still see her. the smell of her perfume was so slight, as to be mistaken for trees in the nearby park. he loved her with all his heart. it was too much for her to bear. losing the house. losing everything. they buried her next to the big oaks. it would be easier to find her when the kids grow up he thought. for mike, she would never leave. it was all just a mistake. she would be home from the store soon. smiling. bringing in bags of groceries. stargin sunday dinner on a bright spring day, the birds chirping and bees fluttering about.
wham....
mike jumped.
it was the cops. here to move him along. he scurried along dutifully. they knew his story. everyone did. the kids taken when he couldn't keep a job. moved into different homes. he lost track, the system swallowed them whole. now he wanders the streets, thinking of the hope and change he voted for. i'm going to make a difference he said to his friends, i'm voting for obama. he's going to washington to fight against the system. he's going to work for me.
he laughed. work for me? i hope he works cheap mike chuckled.
another cold night in detroit. mike took his coat off and lay on the bench. it wouldn't be long till he was with amanda he thought. the smell of her perfume, he could smell it already. i love you amanda he whispered, as he drifted off to sleep.
A touching story...until you got to the part where we found out "Mike" is from Detroit.

http://www.youtube.com/watch...

Screw Mike. Why should anyone feel sorry for a failure that thinks others should pay his bills. He should walk in front of a bus.
Marla

San Jose, CA

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#9
Feb 16, 2010
 

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Lance Winslow wrote:
So the government helps pay for it and Teabagers rejoice. Go figure.
Wonder whothe big shareholder is in Southern co.
Obama & co always have an piece of the action
Marla

San Jose, CA

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Feb 16, 2010
 

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Deo Vindice wrote:
He is also robbing taxpayers to build three nuclear power plants in Kenya.
And don't forget oil fields in Brazil (Soros will benefit big time)
The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

“I Luv Carbon Dioxide”

Since: Dec 08

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#11
Feb 16, 2010
 

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Obama lends money the US doesn't have. We have too much debt.

Since: Nov 08

Gulfport, MS

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#12
Feb 16, 2010
 

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"The project would create 3,500 jobs during construction and 800 high-paying jobs when finished."

I guess Maryland must have 3,500 illegal Mexicans and 800 Government tax cheats to get the job done.

Since: Nov 08

Gulfport, MS

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#13
Feb 16, 2010
 

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Just saying wrote:
<quoted text>
Yes he is. Who do you think is going to own those plants in the end? Obamy saw Hugo Chavez has power plants, so BigAct has to have a couple too. I hope those power companys read the fine print on the loan papers.
No Christmas bonuses for those folks.
jimmy the geek

Odessa, FL

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#14
Feb 16, 2010
 

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ha ha ha! presidunce obama is finally listening to the Palin/mccain/Republican plan of building NUKES!

obama promised he would never build nuke plants - so he could appease his dumbocrat tree huggers!

look at him now - he is doing what the Republicans planned! nice to see he is coming around to the smart Republican way of thinking!!!

this is one promise America don't mind if obama lies about!

Since: Nov 08

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Feb 16, 2010
 

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Obama is using Executive powers to pass cap and trade behind our backs because his lying ass knows that the Senate could never get it through. It has been proving that there is no Global Warming and that the data has all been tampered with. So not only is he pushing a LIE, he is enslaving our children and grandchildren(that includes black kids too) to an unsustainable debt that can NEVER be repaid. He is putting our kids in chains of debt. The kids are too dumb too know and we are not protecting them enough. You better step up to the plate and say something. Tell your children what they can expect. They will be no more than indentured servants tied to the debts of the Union. Mr. Obama is the WORST....EVER.

Since: Nov 08

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#16
Feb 16, 2010
 

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shadowavx wrote:
it's like a dream, my thoughts drift back to a happier time. the thrilling election results. the victory parties. the endless screams of joy across the land....
he awoke with a jolt. it was a dream, just a dream. more like a nightmare. as he opened his eyes, the scene was still the same. the view from behind the dumpster on 23rd street hadn't gotten any better overnight. it was valentines day. valentines day used to be a heppy day. he would take his wife out for a nice lunch then a stroll through the park.
Hopelessness and Sameness.
Pay and Pay

United States

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#17
Feb 16, 2010
 

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These nuclear power plants were already in the works during the Bush administration. Georgia has successfully used nuclear power for decades. The only drawback to nuclear power is the immense cost of building these plants. Coal fired is still the cheapest to build and operate and coal comes just a short distance from Tennessee. Georgia converted some of its coal fired plants to natural gas and that drove the price of natural gas through the roof. Electric bills in Georgia tripled already due to the price of gas going up and now, consumers will face more rate increases to pay for these expensive new nuclear plants.

Since: Feb 06

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#18
Feb 16, 2010
 

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Climategate U-turn as scientist at centre of row admits: There has been no global warming since 1995.

http://ctpatriot1970.wordpress.com/2010/02/15...
LOL

United States

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Feb 16, 2010
 

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geithner to obama.......lets do some trillions math problems today, that will be fun.......
Bankrupt Nation

Pulaski, TN

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#20
Feb 16, 2010
 
First on the list, all nuclear facilities that generate commercial electricity have U.S. government approval the past three decades or they would not exist. Duh, they are heavily regulated and inspected or else they would explode like an ICBM therefore they have U.S. government approval.

No interest in the US can build a nuclear reactor without U.S. government approval else they would be placed in a federal prison.

The writer of this news story blatantly makes it sound like for the past thirty years nuclear power plants have been operating like pirate radio stations. Why do they want the general public to think that only these two up and coming power plants have government approval?

More propaganda blended with truth?

Secondly, why doesn't Southern Company borrow the eight billion from a BANK instead of the US taxpayer?

Why has the US Treasury replaced such corporate banking functions?

The US tax payer does not get a break on their power bill for subsidizing these power companies, just the opposite, they have to pay forever increasing costs for electricity so that the power company can pay off their debt to the US Treasury PLUS INTEREST so basically you and I loan the power company the money from our tax dollars so that they can expand or upgrade and then pay more for electricity per month so that they can pay the money back to us plus interest.

THAT IS NOT A DEAL. IT LEAVES A MASSIVE BLACK HOLE OF RED INK. DO THE MATH.

IT IS A BLATANT RIP OFF TO BAIL OUT BANKS AND THEN ALLOW THOSE BANKS TO BE BYPASSED ON COMMERCIAL LOANS WHO ARE SUPPOSED TO BE LOANING MONEY TO COMMERCIAL INTERESTS IN EXCHANGE FOR INTEREST ON COMMERCIAL LOANS SO THAT THEY CAN CONTINUE BEING BANKS.

THE US TREASURY WHICH IS IN ESSENCE AT THE MERCY THE FEDERAL RESERVE IS ILLEGALLY COMPETING WITH COMMERCIAL BANKS TO PROVIDE COMMERCIAL LOANS AT TAX PAYER EXPENSE.

BY THE US TREASURY PROVIDING COMMERCIAL LOANS WE ARE BREAKING THE SAME BANKING INDUSTRY THAT WE BAILED OUT. THE BANKS NEED A BAILOUT BECAUSE THEY ARE BEING UNDERCUT WITH TAXPAYER DOLLARS AND BAILED OUT WITH TAXPAYER DOLLARS.

FORCE THE SOUTHERN COMPANY TO BORROW THE EIGHT BILLION FROM A BANK THAT WE BAILED OUT. DO THE MATH IT IS A MASSIVE RIP OFF.

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