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Politics : Formerly About Advanced Micro Devices

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To: longnshort who wrote (221539)	3/2/2005 2:07:36 PM
From: Raymond Duray	Read Replies (1) of 1572705

JUST WHO IS THIS GOVERNMENT WORKING FOR? $1 Million per worker U.S. subsidy proposed to aid British company! You can't make this stuff up. Maybe we need to trade in our government on a model that actually works for Americans. Naw, that would be un-Republican! *** grist.org The Loan Arranger U.S. plans to subsidize four new Chinese nuke plants A nearly $5 billion proposed loan package from the U.S. government to British-owned Westinghouse Electric Corp. to build four massive nuclear reactors in China is encountering a flurry of objections. The objections are not about the nuclear waste that would result, or reactors' vulnerability to terrorist attacks and catastrophic accidents. The problem? "British-owned." As Rep. Dennis Kucinich (D-Ohio) put it, the U.S. Export-Import Bank, which would provide the loans and loan guarantees, "is funded by U.S. tax dollars; they should be supporting U.S. companies. I'm not against U.S. jobs, but shouldn't we be for U.S. companies?" Though the deal is expected to employ up to 5,000 U.S. workers to manufacture parts for the Chinese plants, critics point out that those jobs would cost the government about $1 million a pop. If Westinghouse does land the deal, though, said former Energy Secretary Spencer Abraham last week, it could make their new nuke plant model easier to build in the U.S. (which could mean more jobs). Whoopee!

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