Refuting NEI's FALSE CLAIMS, Exposing TRUTH...Nuclear Is Paid For With Our Taxes...STOP THE BAILOUT

Where is John Hall? Why isn't he publically refuting this FALSE REPORT, where is he in demanding an END to the bailouts of a fatally flawed Nuclear Industry. It has been FIFTY YEARS, we have spent trillions of dollars, yet not one ounce of nuclear reactor was has been adequately disposed of! Further, the Price Anderson Act would see Middle Class Americans being financially ruined in the case of a serious accident or attack on a nuclear reactor facility here in America. The time has come to END THE BAILOUT of this sorry industry.

Thursday, September 25, 2008

Refuting NEI's FALSE CLAIMS, Exposing TRUTH...Nuclear Is Paid For With Our Taxes...STOP THE BAILOUT

Thursday, September 25, 2008

Refuting NEI's Latest Study on Tax Payer Support To Industry

With America's anger seething at the $770 Billion dollar bailout of Wall Street, NEI is releasing a report wherein they assure American's they are getting very little taxpayer supported bailouts of their industry. Simply stated, the report is all smoke and mirrors, crafted to HIDE THE HUGE amounts of money (into the trillions) that Americans are being asked to pay for, have paid for to save the nuclear industry.

As one example, hundreds of millions of dollars are being funnelled through the DOE to colleges willing to train new nuclear industry employees. Simply stated, we Americans are being forced to pay for the training costs of Nuclear Industry Employees. Secondly, the study fails to include the money so far spent on GNEP (Global Nuclear Energy Program), fails to mention the $1.5 Trillion in funding needed to deploy this UNTESTED technology that will not work.

Let's talk about the Price Anderson Act that precludes EVERY AMERICAN from getting insurance to cover lossed from a nuclear incident at any one of the 104 aging nuclear reactors in America. Let's talk about the billions dumped into trying to find and site a long term disposal facility in America...THINK YUCCA MOUNTAIN.

The nuclear industry wants to build 200 new Nuclear Reactors in America by the year 2050...first, it cannot be done. Secondly, the nuclear industry wants a ONE PERCENT LOAN GUARANTEE, stating that Wall Street will not invest in the industry without these loan guarantees. The average new reactor is expected to cost $10 Billion dollars! (Note-history shows us there is going to be at least a 70 percent cost over run on these costs, so real cost is closer to $17 Billion). Do the math, and the Nuclear Industry wants to put Americans on the hook in the form of LOAN GUARANTEES to the tune of $3.4 TRILLION DOLLARS, or almost five times the amount of the current Wall Street Bailout now under discussion in Washington, DC.

As Americans tired of funding corporate profits, it is time we demand the end to Nuclear Industry Bailouts, time to tell our elected officials that the days of subsidizing nuclear industry profits MUST COME TO AN END. At 50 years old, it is time for the nuclear industry to pay its own way, or GO OUT OF BUSINESS.

Virginia Office • 2716 Colt Run Road • Oakton, VA 22124 • (703) 620-4120

Contact: Roger Bezdek, president, Management Information Services Inc.
(202) 889-1324

News Release
New Study Shows That Federal Energy Incentives Have Chiefly Benefited Oil, Natural Gas Industries
Renewables Incentives Outpace Nuclear Energy Since 1994

(Washington DC) Sept. 23, 2008 — The main beneficiaries of more than $700 billion of federal energy incentives over the past five decades have been the oil and natural gas industries, a new study reveals. The oil and natural gas industries together garnered 60 percent of federal incentives between 1950 and 2006, with 46 percent of the roughly $725 billion in federal support going to the oil sector, according to the report by the consulting firm Management Information Services Inc (MISI).

The report shows that the oil industry has benefited from $335 billion in combined incentives, with natural gas receiving $100 billion.

Open Letter To Snake Tongued John Hall

Dear John Hall:

Could you share with us, your constituents what it feels like to be a member of a do nothing Congress? What's it feel like to take campaign contributions from groups that actually support the relicensing of Indian Point? Have you no pride, no principles left? Why are you and Congress letting E verify die? Have you bought into the National Chamber of Commerce's belief that its OK to eliminate our Middle Class jobs, it's OK to lower our wages in the name of corporate bottom line profits funneled into the hands of the UBER RICH, and the Corporate Elites on the board of directors of these modern day Robber Baron companies?

We don't support the bailout, do not want you voting for it, as it includes NOTHING for the Middle Class. Some basic facts...the mortgage crisis, the crumbling of Wall Street has wiped out every cent of my house's equity, I right now am at a break even point at best, close to being one of those UPSIDE DOWN MORTGAGES where I owe more than the house is worth...even if I wanted to bail I can't, as houses are not selling right now, even at bargain basement prices. Our retirement nest egg has taken a BLOOD BATH, and this bailout is NOT GOING TO GET US THAT MONEY LOSS BACK. In fact, what is going to happen, is we'll be paying more taxes. Simply stated, let Wall Street crash...maybe that would WAKE UP THE UBER RICH AND POWERFUL.

Instead, let us have a Middle Class Bailout.

1. Nationalize all mortgages for FIRST HOMES, let normal citizens have access to theh same super discounted interests rates that the UBER WEALTHY have access to. I'd love that 3 or 4 percent interest rate that banks and big corporations get access to. The interest collected on these millions of loans could be used to reduce our National Debt, start paying off what we owe to the world so that we as a nation get out of the interest trap where the taxes we pay up through the end of April are used for nothing more than INTEREST PAYMENTS.

2. Deal with the Illegal Alien problem, and that DOES NOT MEAN AMNESTY, DOES NOT MEAN A GUEST WORKER PROGRAM...hello, we have had 600,000 people LOSE THEIR JOBS this year alone, yet you people want to LET MORE PEOPLE IN, want to let ILLEGAL ALIENS stay here, continuing to drive down our wages to the tune of almost a quarter of a trillion dollars a year!

A) Build our fence.
B) Make it a mandatory prison sentence for all corporate officers and managers of a company caught hiring Illegal Aliens, and revoke their license to conduct business.
C) Using work and home place raids, identify and begin deporting ALL ILLEGAL ALIENS.
D) Renew E-Verify, and make it MANDATORY that ALL COMPANIES use it to verify all hires, not just new ones.
E) Put a five year hold ON ALL WORK VISAS.

3) Get rid of George W. Bush's tax cuts...we are in a recession, close to a depression. Nobody likes higher taxes, but if we do not start paying down our National Debt, it is only a matter of time before America as a nation, as a government will have to declare bankrupcy.

4) The time has come to REBUILD America's industrial infrastructure...we cannot compete with China and Taiwan when our manufacturing infrastructure in many cases is over 100 years old.

5) If the bailout of Wall Street takes place, as a symbol of change, there can be no Golden Parachutes. Secondly, there is to be NO BAILOUT of International or Foreign Banks and companies...IE, HSBC.

You have no serious competition in this election...that is sad, as you so far in your first two years have DONE NOTHING for your constituents, and do not deserve the title we gave you. Stop running with the back, stop being a yes man for Pelosi and Corporate America.

Respectfully,


Sherwood Martinelli