Congress now spends your money on a host of intrusive new programs designed to make America "energy independent." President Obama recently announced $8 billion in loan guarantees for nuclear power plants.
I smiled when I heard. Finally, even Democrats woke up to the benefits of nuclear power. But Cato Institute energy analyst Jerry Taylor set me straight:
"If nuclear power made economic sense, we wouldn't need to subsidize it."
Affordable nuclear power, says Taylor, is a Republican fantasy. Promoting it makes no more sense than Nancy Pelosi's promotion of wind and solar power. "Take a Republican speech about nuclear power, cross out the phrase 'nuclear,' and put in 'solar' — you've got a Democratic speech about energy."
All these "alternative" fuels are economically impractical. Natural gas is practical. And plentiful.
Tuesday, March 30, 2010
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