Obama cuts another great deal

Jeff — Mon, 21 Jun 2010 21:09:51 +0000

: Image via Wikipedia

President Obama managed to get BP to agree to $100/million dollars to cover payroll expenses for his six month moritorium on drilling in the Gulf of Mexico. The problem is that the monthly salaries of the workers is actually $330/million per month. So, 6 months would amount to $1.98 Billion dollars or $1.88 Billion dollars short. That’s the way our government does math.

BP fends off further oil spill costs(ftalphaville.ft.com)

Government takeover of BP – Shoe on the other foot

Jeff — Wed, 02 Jun 2010 11:56:30 +0000

In this article by Robert Reich, he calls for government takeover of BP. This is a very dangerous and slippery slope. Our government keeps taking over businesses (Fannie Mae, Freddie Mac, GM) and are imposing their dictatorship over entire sectors (banking, health care, etc). Ignoring the fact that all of this: kills jobs, is unconstitutional, and socialist at best (communist at worst), let’s take a look at another angle. What happens if an extreme Republican administration takes control of our government. Will unions be too big to fail and be taken over and/or nationalized? Just imagine the reaction of the “left” if the “right” has the powers that their accumulating now. What if the shoe is on the other foot? Regardless of what side of the political line you’re on, consider what would happen if the opposing party has these powers.

Personally, I don’t want our government to have any of these powers. They should be an enabler not a provider and certainly not a dictator. This much power is dangerous.

Should the Government Take Over BP? (politicalwire.com)
After the Oil Spill, Is BP Takeover Bait? (dailyfinance.com)
Robert Reich: Why Obama Should Put BP Under Temporary Receivership (americablog.com)

Jeffrey Schott » BP

Obama cuts another great deal

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Government takeover of BP – Shoe on the other foot

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