Obama touts nuclear plant loan - first nuclear plant in 30 years

President Barack Obama announced approval of $8 billion in loan guarantees to build the first nuclear power plant in over 30 years. According to the Huffington Post, Obama said "On an issue that affects our economy, our security, and the future of our planet, we can't continue to be mired in the same old stale debates between left and right, between environmentalists and entrepreneurs."



President Obama is correct. But while Obama's working on the revival of nuclear power, some aren't happy with his efforts. Take Mother Jones, which reports that nuclear power plant cost overruns should give Obama and others pause because it takes taxpayer dollars to overcome the cost problem.

But that's the whole point of Obama's program - to use government loans and subsidies to make creating nuclear power plants more feasible. So in pointing out what they don't like about Obama's program, and reading like a Republican publication in the process, Mother Jones just explained why government subsidies are necessary in American Industry: to stimulate construction and industrial revival.

This is why it's never good to be an ideolog regardless of political leaning, left or right. A logical thinker would conclude that government subsidies were necessary to jump start an industry - The Nuclear Industry - that has made massive technical advances in 30 years. But rather than look at it that way, Mother Jones holds on to liberal ideological prejudices against nuclear power and wrongly assumes that because an expenditure is made for nuclear power, renewable energy efforts will suffer.

Fortunately, President Obama's not paying attention to them.

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