BP is a private corporation and as such its first aim (rightly) is to make a buck, make profit.
Quite so. Profit for its shareholders.
And the shareholders are also responsible for the behaviour of the corporation.
BP is a private corporation and as such its first aim (rightly) is to make a buck, make profit.
Quite so. Profit for its shareholders.
And the shareholders are also responsible for the behaviour of the corporation.
BP is a private corporation and as such its first aim (rightly) is to make a buck, make profit. That is why left to itself, BP wouldn't have done much, done only the legally minimum required (in spite of what Republicans claim).
Obama was quite right to put pressure on BP about the trust fund. But all the Republican whining about the shakedown tells me one thing. If USA had a Republican president, it is highly unlikely he would have pressured BP to set up a trust fund. He would have taken his cue from Limbaugh and left it pretty much up to the discretion of BP as to what they wanted to do.
BP is a publicly traded company and is responsible to its shareholders. BP will be drained of every cent they have till that spill is cleaned up and Gulf is restored. Life will be brought back as close to normal as possible.
Opinion. There are lots of opinions around. You have one thing right, though. It's pretty evident that profit is a higher concern than people.BP is a private corporation and as such its first aim (rightly) is to make a buck, make profit. That is why left to itself, BP wouldn't have done much, done only the legally minimum required (in spite of what Republicans claim).
Obama was quite right to put pressure on BP about the trust fund. But all the Republican whining about the shakedown tells me one thing. If USA had a Republican president, it is highly unlikely he would have pressured BP to set up a trust fund. He would have taken his cue from Limbaugh and left it pretty much up to the discretion of BP as to what they wanted to do.
That's SOP: minimize losses.CNN just made a presentation about BP scheming to low ball claimants who are seeking compensation for their losses. One guy proved he made $162,000 in income last year in his fishing business. BP only offered him $30,000 as compensation for his losses. That is less than 1/5th of his income. So where is the proof that BP is the good guy who is seeking to compensate claimants like the forum Republicans are saying?
Still waiting for their imaginary "proof".
More like decades of recovery. And it is not even close to a maybe. It's undoubtedly worse than Katrina. N.O. can be rebuilt and repopulated. How does one rebuild a species? Gulf sperm whales are threatened, bluefin tuna are threatened, etc.Perhaps. But it will take years before the coast recovers fully. This may be worse disaster than Katrina.
If it recovers fully. That is by no means guaranteed.
I watched some of the hearings, and I came to the conclusion that I would rather see an honest opinion such as the one expressed by Congressman Barton, than the utterly phony grandstanding by Congressman Henry Waxman.
"I do hope Barton's opinion becomes the official Republican position and that Republicans decide to run on that position in November election. Blame Obama, not BP."
SirJosephPorter, I am reasonably sure that Democrats in the United States and Obama acolytes there and everywhere else will find a way to blame everything on Bush and Cheney.
And for good measure they will add Sarah Palin.
Pathetic, but typical.
It already is worse than Katrina, the damage has been done even if they shut it off today.Perhaps. But it will take years before the coast recovers fully. This may be worse disaster than Katrina.
No doubt what Barton said will become an issue in the November election. My hope would be that Democrats hold each and every Republican candidate accountable, demand to know if he/she agrees with Barton.
It already is worse than Katrina, the damage has been done even if they shut it off today.
There's quite a few Avro who've agreed in principle, that Obama was shaking BP down.
See this release: Republican Study Committee (RSC) - The Caucus of House Conservatives
That's a Republican committee with over 115 members.
And the weird part about all this? Bill O'Reilly actually took Obama's side on this when he had Rep. Michele Bachman on his show. She essentially was agreeing with Barton without the clumsy language that he used.