I guess Senator McCain hasn't been paying attention to the news about Iceland.
Iceland isn't just having a crisis. They're well either bankrupt or almost bankrupt depending on which article you're reading right now.
There was a little fly buzzing around my head when I read that especially because I heard Senator McCain claim in clips from Tuesday's debate that energy independence is the key to economic recovery.
But there was something that I'd learned earlier about Iceland.
They, in fact, are virtually energy independent.
In line with the US, Iceland has allowed a lot of freedom in it's banking sector.
It might not have as much land, or as many workers to skim money from for enriching fat cats or starting wars, but it had what John McCain now says is essential for a healthy economy, energy independence.
I confirmed earlier information I remembered at TimesOnline report "Iceland: the land of cool turns bitter "
Now John McCain claims that nuclear energy is the key to energy independence and the cure to global warming, but the industry is full of greenhouse emissions from the expensive, slow, and heavy equipment and concrete dependent building to extracting uranium from the ground, deconstruction of old plants, and transport of all affected materials. It is also virtually a monopoly in that people end up under the thumb of huge companies, often the same ones that have scammed the public before, and who require big subsidies up front and can manipulate prices in their own favor, not to mention dole out immense political contributions to the politicians who promote their agenda of getting big government handouts and supression of smaller, cheaper, more easily and rapidly built, and more efficient forms of locally produced energy such as solar and wind energy.
I grant you that Barack Obama also talks about nuclear energy as part of a plan of helping to create more energy self-sufficiency, but he isn't making it a centerpiece, I believe. Obama is also more beholden to you and I because we gave him a much larger percentage of his donations. I think the good of the country instead of the good of fat cats will mean much more to the Illinois Senator than it will to John McCain who is dependent on donations from such big contributors and the Oil and Gas and Nuclear Power Industry.
But the strange juxtiposition of McCain saying that nuclear power is the cure for our banking industry problems seems like a clear signal that he would continue the same banking deregulation practices as the Bush administration.
tags: energy independence nuclear power financial crisisjohn mccain
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