Title: If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed
Well, what gets me further from the Right/Libertarian perspective is that BP gave a crap-ton of money to Obama and the Democrats, and the MMS "turned the other way" and even gave BP a SAFETY AWARD for the RIG THAT BLEW UP!!!

As far as I'm concerned, he is so hard on BP because HIS is the ass that needs kicking.

As someone has once said about this crew: They seem to be unable to STAY BOUGHT.

David

If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed.--Mark Twain 

 


On 6/16/2010 11:53 PM, [email protected] wrote:
 
Admittedly BP was run irresponsibly  --clearly not always, but in the oil business
even a "few" issues are too many. And granted that BP needs to pay for the mess
it is responsible for, but the way the WH is "crucifying" the company is anything
but wisdom.
 
As an expert on TV said today,  BHO's big speech from the Oval Office was called for
a month ago. The response has been half-baked from the get go. Worse, the admin
seems to be close to 100% punitive towards the company, and this I don't like at all.
65% would be about right, even somewhat more, but official policy has been
excessive. My humble opinion anyway, especially since no-one around Obama
seems to have thought through the politics of WH reaction.
 
Or the economic impact beyond the costs of the spill itself. After all, besides
everything else, 40% of BP investors are American citizens.
 
The Left is also ticked off, and for good reason. And in this case ( which is often enough
true on economic issues )  I agree with Leftist criticism. No way we aren't going to
have a petroleum-based industry, etc, for at least the next 25 years, or even half century,
but it is high time for national mobilization to switch to alternative fuels. Even Carter
had that much right --despite his archetypal incompetence.
 
Where is an alternative energy program ?  "Cap and trade ?"  That is some kind of joke.
There isn't any. Everything else is seen as more important. Hell, I am as pixxed off
at BHO arguing from the Left as I am about social values issues arguing
from the Right.
 
Billy
 
==============================================================
 
 
In a message dated 6/16/2010 9:14:27 P.M. Pacific Daylight Time, [email protected] writes:

If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed.--Mark Twain 

 



-------- Original Message --------
Subject: On the Editorial Page: Obama vs. BP (and You)
Date: Wed, 16 Jun 2010 05:03:12 -0400
From: WSJ.com Editors <[email protected]>
Reply-To: [email protected]
To: [email protected]


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June 16, 2010 -- 5:00 a.m. EDT
See all of today's editorials and op-eds, video interviews and commentary on Opinion Journal.

REVIEW & OUTLOOK


HOLMAN W. JENKINS, JR.
Jenkins: Obama vs. BP (and You)http://online.wsj.com/article/SB10001424052748704009804575308763321043220.html?mod=djemEditorialPage_h
The government holds a company's stock price hostage.


*  *  *


RICHARD A. EPSTEIN
Richard A. Epstein: BP Doesn't Deserve a Liability Cap
The best way to deter future spills is to expose drillers to the full costs of any mistake and not let any company without proper insurance near an oil derrick.


*  *  *


ALAN S. BLINDER
Alan Blinder: Government to the Economic Rescue
Historians will look back at this time and say the three-pronged strategy of TARP, fiscal stimulus and bank stress testing kept us out of the abyss.

 
Oil Talk
Obama is trying to link the Gulf gusher to his moribund green agenda.

 
Captains of Subsidy
Famous CEOs plead for more energy cash from Washington.

 
Hungary Goes For Growth
Glimmers of policy hope on the Continent.

 
Guns and Free Speech
The NRA sells out to Democrats on the First Amendment.

 
Today's Columnist
THOMAS FRANK
Frank: Britain Cries Foul Over BP
Thatcher's heirs may be the only people on the planet to regard Obama's response as swift and effective.

 
Political Diary
JOHN FUND
Giving New Meaning to 'Bully' Pulpit
JOHN FUND ON THE TRAIL
Why did a Democratic congressman manhandle two young people?

 
COMMENTARY


JAMES KIRCHICK
James Kirchick: Russia Rises While Krgyzstan Burns
The violence highlights Moscow's power in a country with an important U.S. military base.


*  *  *


JOEL WEICKGENANT
Joel Weickgenant: Berlusconi and Wiretapping the Mob
Why is the Italian government moving to weaken police surveillance powers against organized crime?


*  *  *


SCOTT PATTERSON
The Long and the Short of It
"More Money Than God" is Sebastian Mallaby's portrait of the hedge-fund industry, from its beginnings a half-century ago to its central place in today's financial world. Scott Patterson reviews.

 
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