SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (17531)5/3/2010 11:07:58 AM
From: TimF  Read Replies (1) | Respond to of 42652
 
OT

BP may bear more than the full cost. In terms of stock value it may already have done so. In terms of profit and loss, it also will likely have lost opportunity not just direct payouts. Even just in terms of payouts, its total payouts will probably be more than the government's cost, which (to the extent that not everyone is perfectly reimbursed) would leave plenty of room to say it should pay more, but makes it questionable as an example of "socialism for the wealthy".



To: RetiredNow who wrote (17531)5/3/2010 11:08:20 AM
From: John Koligman  Read Replies (4) | Respond to of 42652
 
The slimeballs were apparently handing out contracts for 'work', but if you signed there was a clause 'limiting' their liability. As far as corporate behavior goes, some things never change... Also, their CEO was all over the airwaves this morning saying BP is not responsible for the accident, just the cleanup. It will be good to be a lawyer in this mess... I also saw some articles on Limbaugh suggesting this was a 'planned' green job!!

Regards,
John

Oil Spill Spreads, Napolitano Says BP Liability Waivers Unacceptable
BP CEO Called Waivers an 'Early Misstep'

May 3, 2010

Secretary of Homeland Security Janet Napolitano told "Good Morning America" today that it was unacceptable for BP to ask fishermen it hired to help with the cleanup of the Gulf oil spill to sign waivers that would limit the company's liability.

Massive oil slick threatens four Gulf States and miles of sensitive coast.

"I'm looking into that right now." she said. "I was just alerted to that and if that in fact is the case, that is a practice we want stopped immediately."

BP CEO Tony Hayward told "GMA" this morning that the company has already put a stop to the practice.

"That was an early misstep George, frankly. We were using a standard contract. We've eliminated that," Hayward told George Stephanopoulos.

The oil slick in the Gulf of Mexico, which is estimated to be the size of Puerto Rico, has shown no sign of stopping as the country braces for what could be the worst environmental disaster in U.S. history.

Rush Limbaugh Hints That He Thinks Oil Rig Disaster Might Be An Inside Job

Leave it to Rush Limbaugh to use what could possibly be the most alarming environmentalist disaster in history, for which no one has been blamed, to rail against “hard-core environmentalist whackos” and their deviant attempts to prevent oil spills. While few will be surprised that the Gulf of Mexico oil spill hasn’t converted Limbaugh into a card-carrying Sierra Club member, probably fewer still were expecting him to blame environmentalists for the disaster.

From the April 29 edition of his radio program:

“…lest we forget, the carbon tax bill — Cap and Trade — that was scheduled to be announced on Earth Day. Then it was postponed, a couple of days later… what better way to head off more oil drilling, nuclear plans, than by blowing up a rig? I’m just noting the timing, here.”

Limbaugh is suggesting that the environmental left staged the spill to promote a nuclear agenda and the passing of Cap and Trade. At least he acknowledges he has no proof: he’s just “noting the timing.” Those on the left are already comparing the comments to those of 9/11 truthers, and the clip (below) is making the internet rounds rather quickly. If Limbaugh’s goal was to generate buzz around himself again, he did a great job.

Which leads to the possible reasoning behind this kind of comment. Perhaps Limbaugh does legitimately believe that the Obama administration is ruthless enough to destroy the economy of the state of Louisiana if it means passing Cap and Trade. Maybe they just really hate Bobby Jindal. But the reality of American right-wing infotainment is that the conspiracy theory competition out there is getting increasingly cutthroat. Anyone who caught last night’s episode of Glenn Beck and tried to follow his Goldman Sachs/Emerald Cities/SEIU/AFL-CIO/Apollo Alliance/Obama “Crime Inc.” presentation is well aware of that. And Limbaugh has been struggling to enhance his message to stay relevant; his recent scandalous comments show he hasn’t been on his top game lately. His shock value fleeting, he could have chosen to go to the oldest trick in the book: taking a completely apolitical problem and linking it to political enemy, somehow.