Nathan Scandella (personal)

Saturday May 29, 2010

More Corporate Incompetence

Well, Top Kill has become road kill. Are you really surprised? If you answered yes, then consider yourself gullible. I know everyone wants to actually believe that BP is making their best effort to fix this problem. It allows everyone's conscience to rest a little easier thinking that the product they've been buying all their adult lives isn't really that harmful. But, it's not the truth.

And yet, the brainwashed conservative and libertarian hordes in this country will still insist that it's the private sector that always knows best. Regulation is self-defeating, as the regulators never understand the business as well as the practitioners. Whether that's true or not, it's insufficient rationale for removing, or failing to enforce, common sense rules on large industry.

And let's not even get started on President Obama's response. His endorsement of offshore drilling, and assertion that these kind of accidents generally don't happen, just weeks before the Deepwater Horizon blew up, seems eerily similar to John McCain's infamous announcement that the fundamentals of the economy are strong, on the day Lehman Brothers imploded. Obama claimed BP will be on the hook for paying for the disaster. He's either very ignorant, or lying. As it stands now, companies like BP have $75M caps on their liability for damages done by such spills. Maybe that law will be changed, and maybe the change will be made retroactive. But, neither had happened when Obama made that statement. He said that all subsequent approvals for deepwater drilling will be suspended until we sort this problem out, but since he's said that, approvals have continued to be granted. He said the government is making the decisions regarding the cleanup, not BP. But BP continued using a more toxic, less effective dispersant after being instructed by the government to change chemicals. Lies, lies, and more lies by the man you claimed was the courier of change.

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