It seems that Obama continues to take conservatives for fools, believing that he can easily trick or bribe them into acting against their own interest and the interest of the nation as they understand it.

From The Heritage Foundation:

Facing new polling showing that 52% of the American people believe that he does not deserve a second term in office, President Barack Obama attempted to reach out to conservatives yesterday by promising $8.33 billion in federal loan guarantees for a pair of nuclear reactors in Georgia. The President told an enthusiastic audience of union officials in Lanham, MD: “Those who have long advocated for nuclear power — including many Republicans — have to recognize that we will not achieve a big boost in nuclear capacity unless we also create a system of incentives to make clean energy profitable.”

In other words, as newspapers across the country have noted this morning, President Obama’s nuclear loan guarantee announcement is really nothing more than a transparently cynical attempt to revive his moribund cap-and-trade/energy tax proposals currently languishing in the Senate. In reality, the $8.3 billion announced yesterday is actually just a first down payment on the $18.5 billion in loan guarantees that were authorized under the Energy Policy Act of 2005. While the administration should be applauded for following the law, loan guarantees are not enough to recreate a robust nuclear industry in the United States. Indeed, an expansion of the program could do much more to stifle the industry’s growth than to help it.

And expanding the nuclear loan guarantee program is exactly the approach the Obama administration plans to pursue. Their 2011 budget provides an additional $36 billion in loan guarantee authority to nuclear energy projects. When added to the $18.5 billion previously authorized under the Energy Policy Act of 2005, the American taxpayer will now be subsidizing $54.5 billion in loans to the nuclear industry. But just as conservatives do not support subsidies for wind, solar or biomass energies, conservatives should not support subsidies for nuclear power, either. …

President Obama’s bureaucratic/special interest/Washington approach to energy policy is clear: tax and regulate those energies unpopular with his political base while subsidizing and mandating the use of those energies that his supporters favor. This is the same approach the United States tried in the 1970s under President Jimmy Carter, and it was a colossal failure.

What America really needs is a true free market approach to the energy sector, and the nuclear industry is a great place to start. Specifically, the federal government should: limit the loan subsidies of Energy Policy Act of 2005 to existing law; avoid creating a government-dependent nuclear industry; remain committed to scientific conclusion on Yucca Mountain; introduce market principles into nuclear waste management reform; and focus the government on key responsibilities like establishing predictable and effective regulation that will ensure safety and security.

Just as with the health care debate, the White House seems to believe they can win conservative support for their big government policies by buying off selected industries. What the White House continues to fail to realize is that true conservatives are pro-market, not pro-business. Subsidies and mandates are never the answer to an ill-functioning market. A predictable and reliable regulatory framework where firms and consumers can find the best solutions through undistorted price signals is the better approach for energy, health care … and really just about everything.

 According to USA Today,  a whole lot of nuclear power plants may be built. 

The nation’s nuclear power industry — stuck in a decades-long deep freeze — is thawing. Utilities are poised to build a new generation of nuclear plants 30 years after the Three Mile Island accident, whose anniversary was Saturday, halted new reactor applications. The momentum is being driven by growing public acceptance of relatively clean nuclear energy to combat global warming. Several companies have taken significant steps that will likely lead to completion of four reactors by 2015 to 2018 and up to eight by 2020. All would be built next to existing nuclear plants. Southern Co. (SO) says it will begin digging an 86-foot-deep crater this June in Vogtle, Ga., to make way for two reactors after recently winning state approval, though it won’t pour concrete until it gets a federal license, likely in 2011. At least five power companies have signed contracts with equipment vendors. And Florida and South Carolina residents this year began paying new utility fees to finance planned reactors. The steps signal that a nuclear renaissance anticipated for several years is finally taking shape. Seventeen companies have sought U.S. federal approval for 26 reactors since late 2007. 

 Bush and Rice have capitulated to North Korea (see next below), but far worse is to come if Obama gets to control US defense – which seems all to likely.

This from Power Line:

We are now three weeks out from the presidential election, and so far as I am aware Barack Obama has not been asked a single question about the disarmament credo he sets forth in the video above:

I will cut investments in unproven missile defense systems…

 

…I will not weaponize space…

…I will slow development of future combat systems…

…and I will institute an independent "Defense Priorities Board" to ensure the quadrennial defense review is not used to justify unnecessary spending…

…I will set a goal of a world without nuclear weapons…

…and to seek that goal, I will not develop nuclear weapons…

…I will seek a global ban on the production of fissile material…

…and I will negotiate with Russia to take our ICBMs off hair-trigger alert…

…and to achieve deep cuts in our nuclear arsenals…

Isn’t it time for someone who covers politics for a living to ask Obama a few serious questions about this credo? Or for John Mccain to note it?