Oh c’mon. New caps has been placed. But does change the
lucrative BP nature?

BP’s and Obama’s two-faced position on the matter of that oil spill shouldn’t come as a surprise to everyone, taking the long-term history of theirs, into the consideration.

I’ve come to read an interesting article on the history of BP and its
predecessors and, which is much more important, on
the issues of their connection to the Wall Street
financiers.

Oh, and their shared profiteering, of course.

Delving into the realm of the metaphysical, I’ll suggest that in biblical times catastrophes similar to this oil catastrophe would be considered the wrath of God, or at the least, a sign from the divine.

Being more rational, I’ll suggest that this oil catastrophe is the result of Republican/Libertarian deregulation policies, and from Republican energy priorities. Cheney is either an agent of God, or an agent of energy multi-nationals. You decide.

tedmurphy41

http://www.opensecrets.org/

We already know, mostly. We know 3 of the 4 top contributors to Rep Mel Watt’s (D-NC)(Mr Big Bank) campaigns over his career are BoA, Wachovia and the American Banker’s Assn. So what? What do we do now?

For representatives to behave like this must say a lot about who finances their election campaigns.
Perhaps complete transparency on all donations to candidates standing in any election will, at least, give everyone a clear idea of who represents them and who pays for them.

Don’t you all worry your pretty little heads. Goldman Sachs in on the case. They are in the process of raising $50 billion (IIRC) for BP through bond sales and “other” types of investment vehicles. We can all rest easy. Thank God for market makers rent seekers.

This goes beyond the interests of BP and the other oil companies. It’s about counter parties. Goldman Sachs, JP Morgan, BlackRock, et al. Oil company stocks are embedded in worthless paper investments like ETFs, Mutual Funds, and the latest (from the county’s best and brightest), collateralised synthetic obligations (CSO), not to mention all of the CDSs that back them. It’s about financial institutions, not “The Evil Corporations” who only wish to maximize profits.

Of course, businesses wish to maximize profits. Don’t you? If somebody offered you a job that doubled your salary, would you not take it? Even if it meant that you had to start the next day, would you not screw over your boss and not give him a week’s notice? Of course you would, because you are a greedy bastard just like he is. Just like we all are.

If people would just stop, and take a look at the underlying problems of our flawed financial and economic policies they would see that it is those policies that are responsible for most of the “greed” in the world, including yours, and most of the redistribution of wealth in the world. All you have to do is look at the pages at The Federal Reserve’s and the FDIC’s website, and it’s all right there. Fraudulent banking. That is the root cause of most of our ills. If it were not for artificially low interest rates, and exotic paper investments, BP would not have been able to raise all of the capital that they have, to fund all of the wells that they have. Oil drilling is very profitable, but it requires a heavy, up-front, capital investment. And BP, like almost every other company in the US, is heavily over-leveraged, thanks mostly to rent seeking financial institutions, like GS, JPM and BlackRock.

The top 20 shareholders of BP are asset management companies, not individuals. Some of those companies have already been deemed Too Big To Fail. I’m not trying to be a dick, but when it happens, don’t say I didn’t warn you.

WAKE UP!! Let us listen to ourselves.

      Over and over we have conversations about morally bankrupt professional thieves as if we somehow need to convince ourselves that they really are morally bankrupt professional thieves. Hey, what is that?

      They have stuffed their pockets w/special interest $$$$$$ and stood by while America was gutted. Twice now we have voted for change and twice now we have been betrayed. We all know, IT’S TIME!!

      They are paranoid, dangerous psychopaths. They must be removed. Fight the mental and financial depression that has seized you—get political and VOTE! VOTE! VOTE!  Register NOW!! It’ll do wonders for your mental health.

        (Gee EUGENE—you do have a some fire in your belly——apply it as needed.)

Back to Karl Rove who left the WH but hasn’t left the GOP smoked-filled back rooms.  A true man of Republican vision, Rove sought, and seeks a “fundamental historic realignment of power in America.”  “Bush’s Brain,” Moore and Slater.

His, and his fellow Republican’s ultimate wish is the establishment of a new Republican majority (for generations) much like the 30-year reign of the GOP a century ago that was built on a rising industrial elite - a period marked by conservative values and easy money and Gilded Age crooks, only ending with the catastrophe of the Depression.

Barton was merely voicing a Republican agenda.

Barton/Limbaugh/Palin thinking:

“I apologize, Lord Aristocrat. I’m SO sorry your carriage wheel was damaged when you ran over that peasant child after you whipped your horses into a crowd.  We’ll get you a government grant to compensate you, and we’ll charge the mother with negligence.”

It is of course perfectly reasonable that either BP should be putting aside assets to pay for the damages that they have obviously caused.  And if they were not, it would be perfectly reasonable for the US government to be seizing BP assets to ensure payment of said damages.

So, what the Republicans are arguing is that BP should be allowed to get off completely free.

Another example of how the Republicans support socialism, in that they feel the costs of this disaster should be socialized amongst the American people.  ‘Responsibility’ only applies to welfare mothers.

Of course, we can now see that our choice in the last election was this.

Republicans ... drill, baby, drill.  And if anything goes wrong, work closely with the oil company and take their side in the dispute.

Democrats .... drill, baby, drill.  And if anything goes wrong, work closely with the oil company, but for PR purposes, make some critical statements about BP.

I forgot to posit a caveat!
I don’t want any complaints ab my english and numerous abbreviation from any nonjew.{goy}
Complaints by ‘jews’ are always welcome! So please, don’t hurt selves by complaining; i may get mad and get even worse at it. spasibo!

And many americans: how many? 98%?, taught that congress-WH-prez was in charge even of a tea party, but not the oil gush.

Aah, yes! I remember now: the adhoc alliance for enserfment of own and ‘alien’ peoples did not know how big and perilous the oil gush was and is now.

This begs the answer: in future elect the people who wld know all that cld be known ab any disaster + be in command of damage control.

And the same people do not know what is going on in palestine, iraq, and afpak. In charge of palestine is a ‘jew’ [read please a cultist sans an ethnicity]; in iraq it is an admiral + one iraqi.

Karzai in afgh’n does talk a lot, but it is palin who is in charge of business there.

And in charge of our home is my small head: young-old wife and i never know what she’l do next. tnx

Shakedown?

Judging others by their own selves is more like it! 

The party of no talking, to the party of mini no!

I must have missed this article the other day in the Wall St. Journal. Michael Feroli, chief US economist at JP Morgan Chase, has predicted, that the overall net effect of the Gulf oil spill will slightly increase GDP growth in the near to medium term.

...cleaning up the spill will likely be enough to slightly offset the negative impact of all this on GDP, J.P. Morgan said. The bank cites estimates of 4,000 unemployed people hired for the cleanup efforts, which some reports have said could be worth between $3 and $6 billion.

This is a textbook example of the Parable of the broken window. It’s sort of like “cash for clunkers” and other “Stimulus” type programs.

Thank God, “we are all Keynesians, now”

http://blogs.wsj.com/economics/2010/06/15/oil-spill-may-end-up-lifting-gdp-slightly/

http://en.wikipedia.org/wiki/Broken_window_fallacy