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.
Ravi Batra is a professor of economics at Southern Methodist University, Dallas. This article is based on his two books, "The New Golden Age" and "Greenspan's Fraud." His web site is ravibatra.com.