I have a lot to say, so I'm going to try and be brief in the next few posts and focus on a few developments. I'd really like to dedicate an article to each and give them fair and thorough treatment, but at the rate the government is preceding my points would be moot by the time I had a chance to write about them.
Geithner gave details on some of Obama’s economic policies today. In discussing taxes and or costs that would be increasing, he mentioned that a cap and trade system that would be implemented on carbon polluters. He stated that people’s energy bills would be affected as coal power plants are responsible for a large amount of carbon pollution. Quote Geithner, "Now, if people don't change how they use energy, then they will face higher costs for energy.” Now don’t get me wrong, I’m actually for clean energy. However, Obama has tied our hands on this one. Nuclear energy does not produce carbon and is the most efficient energy developed. Coupled with electric cars, a power grid fueled by nuclear energy could easily end oil dependence and carbon pollution. So why doesn’t Obama take it seriously? I can’t figure it out. As far as Geithner’s comments go, most of the energy I use (and I do use a lot) is over the winter to heat my home. I’m sorry, but I need the heat to live, my habits do not have the ability to change and therefore my middle class income will be taking a serious hit. Thanks for standing up for the little guy Obama team.
I feel it is a big mistake for Obama to rule out nuclear energy when it is the most promising solution. With nuclear energy, we may not even need to resort to cap and trade, or may reduce the negative effects of implementing cap and trade. However, I strongly believe that Obama has ruled out expanding nuclear energy, because he wants the tax revenue by imposing carbon restrictions that cannot be realistically achieved. What are your thoughts?