a power play for nuclear energy continues to build in this country. we ve been talking on this show about two different types of things we use energy for. one, transportation. we talked about this. it s why we buy oil, foreign oil, think about the cars and trucks and the push to switch some of that to natural gas, electric, anything else. that s a campaign we ve talked about at length. there s a separate issue in this country we re also familiar with that. last week s mining tragedy in west virginia brought that to the the forefront once again talking about how we get our electricity. totally different than transportation. right now half of the power that we use for our lights comes from coal. that despite the fact that it s actually not the cheapest option out there although it is cheaper than natural gas. in fact, according to the nuclear energy institute, of course they may have a bias, nuclear power costs 1.87 per unit and coal a dollar more than that and solar and gas are more
they were supported by subsidies. what we are now putting in place since the stimulus, i would argue, is a new set of industrial policies. on a smaller scale. we re talking about making the energy grid smarter. digitizing health information. health care reform. alternative energy. all that innovation. turning it into an electric auto industry which has the capability to create jobs at those companies but create a new commercial infrastructure that invites other jobs. all three would agree that s where we would like to be headed and hopefully that s where we are headed and that s where jobs will be. can we get what dan is describing if we don t resurrect rules for capitalism so that lending on the lending side on the money side must be injected into the economy to facilitate his cars and his power generation transitions et cetera because right now the way you make money is by inflating the bubble, taking the money as the bubble goes up, and let it pop and run.