McCain Raises Concerns About Subsidies for Solar Power (but nuke subsidies OK, WSJ)

http://blogs.wsj.com/washwire/2008/05/13/mccain-raises-concerns-about-subsidies-for-solar-power/?mod=WSJBlog

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He said over-subsidization of the solar industry in the 1970s led to “some pretty shoddy material.”

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But he does support help for nuclear power plants, which he hails as a clean technology that can help reduce carbon emissions. He told reporters at a news conference that a pending Senate bill on climate change, which would establish industry limits on emissions that he favors, needs to add more help for nuclear power.

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An aide to the Arizona senator said Tuesday that McCain hasn’t decided exactly what form of support is needed, but that it likely will be “consistent with” past measures he has supported that would have directed hundreds of millions of dollars to the construction of new nuclear plants.

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edit: solar hatin' nuke lovers - you have a candidate...

have I heard wrong? Isn't Barack a nuke supporter? Please somebody tell me I'm wrong, I beg of you.

Good for him - the old senile buffoon gets to be right about something!

lulz

For wind and solar, it is a ONE TIME payment for capital equipment. For coal and nat gas, you have to constantly buy fuel and equipment upkeep is much more expensive. A wind turbine can last for decades (with only minimal technician monitoring and upkeep). What kind of company doesn't write their capital equipment off on their taxes? Wind and solar should be the cheapest energy sources out there... but then again, we haven't lived in reality the past eight years so why start now...