If BP is on the hook for this mess (as well as Transocean, Mitsui, and Anadarko to name a few), then why weren't firms like Goldman Sachs, Citibank, JP Morgan (who bought Bear Stearns only after being guaranteed a ceiling on Bear's liabilities) on the hook for the mess THEY caused (which is MANY MANY times worse)? Instead, the only question in Congress was how soon they could start feeding from the taxpayers' teats.
Instead of asking these companies to pay for the damages, we should be supporting a govt. sponsored (i.e., taxpayer) bailout for Big Oil, like we did for Big Money.
Instead of asking these companies to pay for the damages, we should be supporting a govt. sponsored (i.e., taxpayer) bailout for Big Oil, like we did for Big Money.
Indeed, I don't understand why government should clean up the mess - literally - caused by a private company? Why should the federal government use it's naval ships, coast guard, and its resources in bailing out BP? I say remove those ships all of them, and all government agencies helping out with the cleanup withdraw their resources. They should stand out of the way and let business be better, smarter, more efficient, and more effective at solving problems. After all, Conservatives and Libertarians seem to have an equal faith in the infallibility of business and the complete fallibility of government. Let BP deal with the full Public, Financial, and Environmental consequences of their actions. Honestly, I think that is a good idea.
I'm just curious to why all the Conservatives and Libertarians on this forum are not complaining that the government is bailing out private industry again? C'mon guys, why so quiet?
Otherwise I'm forced to simply say the arch-conservative is right and the arch-liberal wrong, and that should give you pause.
Honorbound and honored to be Bonded to Mahtaliel Sedai
Last First in wotmania Chat
Slightly better than chocolate.
Love still can't be coerced.
Please Don't Eat the Newbies!
LoL. Be well, RAFOlk.
Last First in wotmania Chat
Slightly better than chocolate.
Love still can't be coerced.
Please Don't Eat the Newbies!
LoL. Be well, RAFOlk.
A friend on FB asked why there were no "Save the Gulf" concerts
- 09/06/2010 03:13:52 AM
929 Views
Her complaint is legitimate. Why should the US government help Haitians more than US citizens?
- 09/06/2010 04:25:09 AM
523 Views
Re: Her complaint is legitimate. Why should the US government help Haitians more than US citizens?
- 09/06/2010 04:31:44 AM
541 Views
There are a lot people struggling right now who really can't afford to wait
- 09/06/2010 04:47:26 AM
588 Views
I agree with you. That was what I was thinking. But you said it better. *NM*
- 09/06/2010 05:07:44 AM
271 Views
Re: There are a lot people struggling right now who really can't afford to wait
- 09/06/2010 05:15:33 AM
666 Views
That wins the award for stupid post of the month. Possibly the year.
- 09/06/2010 08:31:18 AM
601 Views
They put you in charge of that award? is it like Miss USA where you pass on the title you hold?
- 09/06/2010 08:47:57 AM
599 Views
I sometimes wonder where you lived in Houston.
- 09/06/2010 04:24:42 PM
722 Views
Re: I sometimes wonder where you lived in Houston.
- 09/06/2010 05:50:53 PM
685 Views
This isn't Karachi.
- 10/06/2010 02:04:02 PM
717 Views
how upset Ghavrel is getting should tell you something about what is going on down there
- 09/06/2010 04:34:10 PM
498 Views
My thoughts exactly. Thanks for posting this.
- 09/06/2010 09:13:51 PM
576 Views
President Obama doesn't have the power to stop the oil gushing into the Gulf of Mexico
- 09/06/2010 09:46:24 PM
648 Views
Re: President Obama doesn't have the power to stop the oil gushing into the Gulf of Mexico
- 09/06/2010 10:03:52 PM
456 Views
well he does have a phone he could have used to call up the BO CEO and chat with him
- 09/06/2010 10:42:07 PM
544 Views
You really don't have any credibilty left on this issue.
- 10/06/2010 01:56:06 AM
571 Views
you really are a loon
- 10/06/2010 05:19:56 AM
676 Views
What's funny is that companies like Haliburton are going to make bank off this disaster
- 10/06/2010 06:14:07 AM
440 Views
Takes one to know one
- 10/06/2010 06:18:54 AM
823 Views
He said more domestic drilling, not more offshore drilling. *NM*
- 10/06/2010 08:25:14 AM
268 Views
The definition of Domestic drilling includes offshore wells.
- 10/06/2010 08:32:58 AM
575 Views
no the main subject of the thread was should there be an aids benefit for the people affected *NM*
- 10/06/2010 04:16:47 PM
228 Views
You assumed something that was perhaps implied. It still doesn't hold up. *NM*
- 10/06/2010 11:17:02 PM
223 Views
this is human crisis not just an excuse to beat an oil company over the head with a stick
- 09/06/2010 02:38:06 PM
606 Views
i don't think the US government has ever organized a benefit concert.... *NM*
- 09/06/2010 04:18:39 PM
240 Views
I do believe they were involved in the text donations program *NM*
- 09/06/2010 04:29:42 PM
228 Views
I somewhat doubt it. But I wasn't responding to that part of her post. 
- 10/06/2010 01:26:26 AM
498 Views
- 10/06/2010 01:26:26 AM
498 Views
Regarding the comparison to the financial crisis
- 10/06/2010 02:10:44 AM
497 Views
I actually agree, Free Markets should be cleaning up the oil spill.
- 10/06/2010 02:57:09 AM
814 Views
Re: I actually agree, Free Markets should be cleaning up the oil spill.
- 10/06/2010 03:41:34 AM
567 Views
How is this not a bailout?
- 10/06/2010 04:15:18 AM
711 Views
yes lets destroy the gulf coast to make a point
- 10/06/2010 05:24:12 AM
438 Views
I'm simply following laissez-faire capitalism and unfettered free-market ideology? 
- 10/06/2010 06:39:19 AM
545 Views
- 10/06/2010 06:39:19 AM
545 Views
maybe if you tried to understand it you would do a better job of making fun of it
- 10/06/2010 04:21:46 PM
410 Views
I pray you're being sarcastic here.
- 10/06/2010 02:21:17 PM
726 Views