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Should Barak Obama

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order the Federal Government to sieze all of BPs assets and take over the oil well and the cleanup?

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According to Obama, he's already in charge of the operation, he's just not responsible for it. It's kinda like his presidency, he's in charge but Bush is responsible.

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No. He should not. The spill does not threaten a new Depression, as the collapse of the world financial system did, and nothing less justifies that level of intrusion.

 

The scale of class actions and shareholder discontent are all the incentives that BP needs to do whatever it can. The company may not regard green talk as anything more then useful advertising, but the management of BP has watched BP market cap decline at a staggering rate, and their jobs depend on getting that value back before a shareholder revolt sees them all unemployed.

 

I doubt that the Feds, or any government anywhere, have more usefully-relevant engineering expertise then does BP and the various servicing firms (Halliburton and so on) on which all the petrogiants rely.

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They should have taken over control of the spill as soon as the oil rig exploded and BP had no clue about how to fix it. Taking over companies is not what the United States is about, and if we allow the gubmint to take over BP its one more feather in the cap of the Communist in Chief.

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View PostAccording to Obama, he's already in charge of the operation, he's just not responsible for it. It's kinda like his presidency, he's in charge but Bush is responsible.

 

Thats very well put. I think you nailed it.

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The Big G should NOT take over any business. That is not what they ARE in business to do. They should lead and enforce by what ever means (except take over) a business.

 

If they just looked at the playbook they developed, then we wouldn't have this mess. But, I imagine it take 50 some odd days to read all the BS they put into those regs and protocol.

 

To many cooks spoil the soup. The Big G should have stepped up to the plate and took over control of this mess the day it fell into the water. They should have STOP the flow of oil or lessened it by great margins.

 

All his (Obe one's) campaign jive was wiped out by this act of doing nothing. Remember he went to the global warming summit to try and make our earth better. (HAHA) Now cap and trade to make air/water quality better. (HAHA) His spew on making cars more effiecent so we can use less oil. (HAHA)

 

What a chump!

 

The road to hell was paved with good intentions!

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