So people complain, and not necessarily wrongly so, when companies "ship jobs overseas". Is that not what the US Government is doing here?
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/28/AR2009072802617.html
http://www.usec.com/americancentrifuge_loanguarantee.htm
In a nutshell, this company, which is apparently the only American company that enriches uranium for use in Nuclear power plants, applied for a $ 2 Billion government loan guarantee. So did a French company. The DOE granted the guarantee to the French company.
While campaigning in Ohio in 2008, and in a subsequent letter to Ohio's governor, President Obama promised to fully support the request for the guarantee for the Ohio plant. He may very well have done so, this is not necessarily aimed at him, more so at the entire government sponsored process. (edit) I am not saying that we need to privatize this process, obviously it needs to be well-regulated, just that it seems a little off base here.
DOE says that the Ohio-based company was not up to snuff technology-wise for this project, so they awarded it to the French company.
Wouldn't it have been better, for this country, if they would have supported the American based company?
9/24/2010 11:58 AM (edited)