President Obama's plan isn't a certain deathblow for the West's oldest facilities. That's partly because a number of those units are already slated for closure.
The public is being kept in the dark about which states have applied for the lucrative grants, and what their actual track records are when it comes to preventing fraud and misuse.
Michael Hudson is a senior editor at the International Consortium of Investigative Journalists. He is the author of The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America —and Spawned a Global Crisis.