A shovel ready project canceled? Can you believe this? These democrats are poison!! How many jobs lost? Where is the accountability? They are tearing through our hard earned money, destroying our economy - for what? Paying off Obama's operatives? This is nuts!
Where does this idiot think we get our energy from??
Obama is destroying this country. FACT.
Company suspends work on Ohio uranium plant (hat tip Anthony)
Company says it suspends work on Ohio uranium plant because US govt. denied loan guarantee
COLUMBUS, Ohio (AP) -- A company says it's suspending construction on a uranium enrichment plant in southern Ohio because the federal government would not grant a $2 billion loan guarantee.
In a statement, USEC Inc. CEO John Welch said Tuesday that the Bethesda, Md.-based company was advised of the U.S. Department of Energy's decision, which he described as shocking and disappointing.
USEC has been developing the American Centrifuge project in Piketon, about 65 miles south of Columbus, at the site of a former gaseous diffusion plant that enriched uranium during the Cold War. The company says the project would have created thousands of jobs.
USEC spokeswoman Elizabeth Stuckle said Tuesday that the company would try to find other financing, though she said that's tough in the current economy .
July 28 (Bloomberg) -- USEC Inc. fell as much as 39 percent in early trading after the U.S. Department of Energy denied a loan guarantee to complete construction of the American Centrifuge Plant in Piketon, Ohio.
Symbol is USU
USEC dropped $2.38, or 38 percent, to $3.81 at 7:46 a.m. in trading before the New York Stock Exchange opened.
“We are shocked and disappointed by DOE’s decision,’’ Chief Executive Officer John K. Welch said in a statement. “The American Centrifuge met the original intent of the loan guarantee program in that it would have used an innovative, but proven, technology, reduced greenhouse gas emissions and created thousands of immediate jobs across the United States.”
Last Updated: July 28, 2009 07:50 EDT
FLASHBACK! 2005 -- Makes you wonder if there will be any anti-destroy-the-economy protests at the Obamas' 20 million house rental on Martha's Vineyard next week, as there were when the Bushes went to Crawford.
I arrived last night in Waco, Texas. I’m staying about half an hour outside Crawford, where anti-war protesters have gathered and remain even in absence of Cindy Sheehan. I made the drive out to the first protest site, where Sheehan’s old tent remains in a ditch, as did several dozen protesters.
What surprised me, and what has received almost no coverage, where the counter-protesters gathered across the street in support of U.S. troops and President Bush.
I continued down the dusty road several miles before arriving at the new,
main protest site. What I saw there was a sight to behold. The protesters have
erected giant tents that stand several stories high. Inside were hundreds of
protesters gathered around a stage where organizers were preparing to give a
speech and a band off-stage was preparing to play music:
Alongside the road, dozens of cars were lined-up making the already narrow path more difficult to traverse. It was obvious anti-Bush protesters had truly come from across the nation to attend. I saw plates from New York, Florida, Washington State, Indiana, Colorado, New Mexico, Maine, Maryland, California and others.
As I drove slowly along the roadside taking pictures, one protester beckoned, “Why don’t you come inside, we have food?” Even as they walked past several hundred miniature erected gravesites for fallen soldiers, most protesters seemed in a jovial mood. Their campsite is erected quite literally next to the secret service checkpoint that leads up a road approximately one mile from President Bush’s ranch.