The Nuclear Energy Institute (NEI) - the corporate lobbyist in Washington, DC for the disintegrating atomic power industry - doesn't have to worry about repercussions from the negative impacts of nuclear power.

For nuclear power is a government / taxpayer-guaranteed boondoggle whose staggering costs, incurred and deferred, are absorbed by American taxpayers via a supine government regulatory and subsidy apparatus.

So if you go to work at the NEI and you read about the absence of any permanent radioactive waste storage site, no problem, the government / taxpayers are responsible for transporting and safeguarding that lethal garbage for centuries.

Passing the bill onto consumers

If your reactors experience ever larger cost over-runs and delays, as is now happening with two new reactors in South Carolina, no problem, the supine state regulatory commissions will just pass the bill on to consumers, despite the fact that consumers receive no electricity from these unfinished plants.

If these plants, and two others in Georgia under construction, experience financial squeezes from Wall Street, no problem, a supine Congress has already passed ample taxpayer loan guarantees that make Uncle Sam (you the taxpayer) bear the cost of the risk.

If there were to be an accident such as the one that happened in Fukushima, Japan, no problem, under the Price-Anderson Act, the government / taxpayers bear the cost of the vast amount of damage from any nuclear power plant meltdown.

To put this cost into perspective, a report by the Atomic Energy Commission about fifty years ago estimated that a class nine meltdown could make an area "the size of Pennsylvania" uninhabitable.

Too cheap to meter? Or too costly to stomach?

Why do we stand for such a doomsday technology all over America that is uneconomic, uninsurable, unsafe, unnecessary (it can't compete with energy conservation and renewable energies); unevacuable (try evacuating the greater New York City area from a disaster at the two Indian Point plants 30 miles from Manhattan); and unprotectable (either from sabotage or earthquake)?

David Freeman, the famous energy engineer and lawyer, who has run four giant utilities (the Tennessee Valley Authority, the SMUD complex - where he closed the Rancho Seco Nuclear Plant - the New York Power Authority and the Los Angeles Department of Water and Power) sums up the history of nuclear power this way:

"Nuclear power, promoted as too cheap to meter, turned out to be too expensive to use, the road to nuclear proliferation, and the creator of radioactive trash that has no place to go."

Right wing conservatives / libertarians call it extreme "crony capitalism."

The nuclear dream has turned nightmare

Nuclear power plants are shutting down. In 2013, four reactors shut down: Crystal River 3, Kewaunee, San Onofre 2 and San Onofre 3 (see photo).

Now, Michael Peck, a senior federal nuclear expert, is urging that the last nuke plant left in California, Diablo Canyon, be shut down until the Nuclear Regulatory Commission's regulators can demonstrate that the two reactors at this site can withstand shaking from three nearby earthquake faults.

Meanwhile, the human, environmental and economic disasters at Japan's Fukushima Daiichi power plants keep metastasizing.

Scientists are producing studies that show serious biological effects (genetic damage and mutation rates) of radiation on plant, insect and bird life in and around the large, cordoned off, uninhabitable area surrounding these closed down reactors.

The giant politically-influential electric utility company underestimated the likelihood of a powerful earthquake and tsunami.

In the early 1970s, the industry and its governmental patrons were expecting 1,000 nuclear plants - 100 of them along the California coast - to be operating by the year 2000. Instead, a little more than 100 were built nationwide. In reality, as of 2014, there are only 100 operable reactors, many of which are aging.

A helluva way to boil water!

The pitfalls are real and numerous. In addition to growing public opposition, and lower-priced natural gas attracting electric utilities, there are the ever-present, sky-rocketing costs and delays of construction, repair and the question of where to store nuclear waste.

These costs are what make Wall Street financiers turn their backs on nuclear power unless the industry can ram more tens of billions of dollars in government / taxpayer loan guarantees through Congress.

And what is all this nuclear technology, from the uranium mines to the nuclear plants to the still absent waste storage dumps for? To boil water!

These are the tragic follies when the corporate masters and their political minions, who are ready and willing to guarantee taxpayer funding, have no 'skin in the game'.

This kind of staggering power without responsibility is indeed radioactive.

Ralph Nader's latest book is: Unstoppable: the Emerging Left-Right Alliance to Dismantle the Corporate State.

See Union of Concerned Scientists, Nuclear Information and Resource Service and Greenpeace for more information.

This article was originally published on CounterPunch.