It may very well be that BP was negligent in it's management of the drilling of the gulf well... lots of smoke so probably some fire also. There is a little solace for some in that it is abundantly clear the administration and its regulator were also negligible as well as incompetent to wit the shoddy oversight. Congress was its usual bumptious, over the top during the recent hearings.
The losers in all this is we the people. Cleaning up the environmental mess may for the most part be done with BP money. But securing needed regulatory reform and professional upgrading of staff so that regulations are executed and regulators actually perform will subject us to seemingly unending political BS.
In the end, capitalism will be the big loser. There is far too much vitriol in this affair [e.g. the unceasing references to British Petroleum]. The company's conviction before arraignment much less trial by congress must be making business nervous.
No, I don't think Obama is a socialist but he doesn't remotely understand business nor does he try. This and his poor management [the ongoing paralysis by analysis, the belief that the government is the answer and mediocre people selection] are significant weaknesses.
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