On the recordSeptember 13, 2012
In the history of this whole program, it was started for the nuclear industry. Pete Domenici, 2005. Why? Because there hadn't been a new nuclear power plant built in 30 years out in the free market so they needed the Federal Government to come in and prop it up on crutches. That's the only way it would work. So when President Obama took over, he said, Well, maybe we should do something for solar as well. Of course, the coal industry, the oil industry, the nuclear industry, they recoiled in fear that there would actually be competition in the marketplace. When one solar company got in trouble, the Republicans pounced on solar. They pounced on wind. They pounced. That's why, by the way, the Republicans are going to allow the wind tax breaks to expire this year, but they're going to keep all of the oil tax breaks on the books. So here we are today and they have something called the No More Solyndras Act. Ah. Except for the $88 billion that they're going to grandfather in in terms of the application date that they have selected. {time} 1250 So, who qualifies for that? Well, $76.5 billion would be the nuclear industry, $11.9 billion would be the coal industry. Ah, I get it now. It's not the No More Solyndras Act; it's the ``Only $88.4 Billion More for Nuclear and Coal No More Solyndras Act of 2012.'' It's just the same kind of tilted playing field that the Republicans have always had. Nuclear, oil, coal, great.…
