Nuclear Power Plants

In the article Obama urges new round of nuclear plants, Obama talks about how he will provide billions of dollars in loan guarantees to help build nuclear power plants in America. His first initiative is to help build a power plant in Georgia providing just over $8 billion in loan guarantees. Then tripling that amount to build more safer and cleaner nuclear facilities with a total of $54.5 billion loan guarantees. Some say the loan was stripped from the $862 billion stimulus bill Obama signed a year ago and that this proposal is a dangerous way to solve global warming. Obama is confident that this will work and that it is a positive thing for America. Federal regulators are reviewing the applications for the 22 power plants to be built over the next two decades.