So you think we could have put 2 billion in this white elephant and it would have been a bargain? My contention is that if this was such a great project it would have been able to attract private investment and not needed government assistance. That was supposed to be the goal of privatization. If they would have given me a billion I could have bought a bunch of Westinghouse blenders and hired Mexicans for my centrifuge plant. You gambled and you lost, quit crying about it.
I don't know the exact amount but I would guess the government has put at least a billion dollars in this failed venture in the last 10 to 15 years. You invested in this failed venture and lost, that happens when you invest in a bad company. This is one of the worst examples of corporate welfare you will find.
As a bystander I believe the government has an obligation to clean up the site in a timely manner. However the centrifuge plant is a great example of corporate welfare and more taxpayer money should not be thrown down this rat hole.
This program has been corporate welfare in an insane proportion. After Nick Timbers and the bankers raped the business in the name of privatization, it was all over. This move is long overdue. I could have started a centrifuge plant with some blenders and Mexicans and out performed Centrus.
The decline in America'[s uranium enrichment industry began when Bush and the republicans privatized the industry. It was all downhill after that!
You played the market and you lost. That is what they call capitalism. Besides this company would have gone down the tubes years ago without all the millions in DOE subsidies. I do agree that privatization was a hoax but it's what republicans always call for. In this case it has ruined our domestic uranium enrichment capability and made us depend on Putin for our needs.
That's a good thing because the soon to be ex employees may need the services of a homeless shelter.