they're only calling it a shakedown or a bailout because its money that's going to go directly to US citizens. If it was for a corporation, they'd be all for it.
Spill baby spill
- Thread starter dante
- Start date
Well, not really. They've been pissing and moaning about the taxpayer funded, wall street bailouts for a while now (not when Bush started TARP, but when Obama continued it). But I fail to see how you could call this bailout at all... because BP is paying the taxpayers.... it's the exact opposite of a bailout as far as I can tell.
A shakedown? Possibly. But I think we have some misplaced anger. People should be more upset at the company who basically ruined the entire gulf of mexico, than at the president for making them subsidize people they put out of business.
Yeah, republitards.
The government is just holding them (financially) responsible for all the people they (BP) have effectively put out of business. BP essentially laid off all those people (fishermen, etc) via their own negligence. In a sense, this would qualify the fishermen and whatnot for unemployment. The gov't is just making sure that BP is footing the bill.
I don't disagree with that at all and am glad it happened, but the point that the president simply has the power to make that happen without any official process seems like a valid issue.
I think this is kind of an extenuating circumstance. I'd probably be more concerned if there was legislation in place with a procedure on how to handle an environmental disaster of this proportion caused by corporate negligence. It might come across as if they were expecting it to happen (or maybe this is the exact reason it DOESN'T exist - so they can act like they never expected it to happen).
my understanding is quite different: this this is a managed fund that entities (not necessarily citizens) may apply for compensation. will it be run differently than other large gov't run funds? hope so.
if this becomes an abused slush fund, like medicare or fema cards, woe unto the incumbency.
same if it drags on w/ typical gov't bureaucratic fashion.
it's looking like a lose/lose setup for both properly affected gulf residence & politicians. i don't think i'm overly cynical in this assessment
so here's something worth looking into:
using some fluid numbers from http://finance.yahoo.com/q?s=BP
if some portion of BP is publicly owned (half-ish, i believe), and today their market cap is ~$100B, does that not mean shareholders (some outright, some by managed funds) have been screwed out of whatever losses BP has sustained over the past month? [ed: looks like close to half]
i'm pretty sure this inadvertent/involuntary contribution is well north of $20B, so i feel less warm/fuzzy about sticking it to BP proper
using some fluid numbers from http://finance.yahoo.com/q?s=BP
if some portion of BP is publicly owned (half-ish, i believe), and today their market cap is ~$100B, does that not mean shareholders (some outright, some by managed funds) have been screwed out of whatever losses BP has sustained over the past month? [ed: looks like close to half]
i'm pretty sure this inadvertent/involuntary contribution is well north of $20B, so i feel less warm/fuzzy about sticking it to BP proper
YouTube- TOXIC ALERT BP Death Clouds Have Come Onshore Benzene 3400ppb Hyrdrogen Sulfide 1200ppb
billion/million = 1000
3400/1000=3.4
1200/1000=1.2
point was: it seems pretty harmless in these amounts, but maybe it's as harmless as polonium-210
Remember the outrage over ACORN? Especially since it turns out that they didn't actually do what they were accused of?
Compare and contrast the Republican reaction to BP.
The political ad writes itself...
Compare and contrast the Republican reaction to BP.
The political ad writes itself...
huh?
the charges of voter registration fraud stuck quite well, resulting in firings, fines, & plea deals in multiple states. and an over-reaching congress w/ their bill of attainder, too, but that's another story.
or were you referencing o'queefe & giles? if so, that didn't go whole hog, i'm loathe to admit
"There’s a problem: BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nation’s largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas."
http://www.washingtonexaminer.com/politics/Once-a-government-pet-BP-now-a-capitalist-tool-95942659.html#ixzz0qyxEzJRE
Of course since manmade global warming is a hoax, they are deflecting this cap and trade bill by underexposing it in the Msm.
also;
http://www.guardian.co.uk/environment/2010/apr/12/us-document-strategy-climate-talks
http://www.washingtonexaminer.com/politics/Once-a-government-pet-BP-now-a-capitalist-tool-95942659.html#ixzz0qyxEzJRE
Of course since manmade global warming is a hoax, they are deflecting this cap and trade bill by underexposing it in the Msm.
also;
http://www.guardian.co.uk/environment/2010/apr/12/us-document-strategy-climate-talks
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Answer: natural gas is supplying the pressures that are making this one spill at (current estimate) 60k barrels/day.
http://www.guardian.co.uk/environment/2010/jun/19/gulf-oil-spill-anarkdo-petroleum-blames-bp
Now THIS is sure to fix it this time!
http://www.cnn.com/2010/US/06/20/gulf.oil.spill/index.html?hpt=T1
http://www.cnn.com/2010/US/06/20/gulf.oil.spill/index.html?hpt=T1
That was good reading. What he describes certainly makes sense, and really made me realize how out of control this whole situation really is.
Jesus fvcking Christ people are retarded, but I wouldn't expect anything less from that area.
At what point do you just file Chap 11?
chapter 7 would be moar better
Just how many chapter's are there to this horror story????
Well, now the cleanup costs have reached $22b. Right now the market cap of BP is $93b (down from $180b) before the spill. So I'd say when the cleanup costs start reaching $120-150b, then it'd make sense for BP to start looking at Chapter 11, or maybe even Chapter 7.
However, I still maintain that if BP was going to try to do that, the US would probably pull an "Iceland" and make the UK pay for this.
Well things have definitely 'impacted' the environment.
WTF is up with the entire universe these days saying 'impact' when what they mean is 'affect?'
WTF is up with the entire universe these days saying 'impact' when what they mean is 'affect?'
Only 1/3rd of bp shares is British owned though so I doubt that would work.....
And affecting a british accent when they do it. It totally effects their ability to impact my thinking.
aaaaaaaaaaaaand it's back at full tilt:
http://www.breitbart.com/article.php?id=TX-PAR-EEX47
edit: more details here:
http://www.reuters.com/article/idUSN1416392020100623
http://www.breitbart.com/article.php?id=TX-PAR-EEX47
edit: more details here:
http://www.reuters.com/article/idUSN1416392020100623
can't say we weren't warned even 5 yrs ago: http://www.popsci.com/scitech/article/2004-08/could-robots-take-over-world
by august the gulf should look like rick james' natural
by august the gulf should look like rick james' natural
as a side note, (yes yes....more helicopter content.
But the moratorium has a fairly significant impact on the helicopter industry. The GoM is a hot bed of helicopter activity, supporting offshore oil rigs.......
http://www.verticalmag.com/control/news/templates/?a=14025&z=11
But the moratorium has a fairly significant impact on the helicopter industry. The GoM is a hot bed of helicopter activity, supporting offshore oil rigs.......
http://www.verticalmag.com/control/news/templates/?a=14025&z=11
Damn Canadians trying to hog all the attention, as well as our jobs.
Canadian beer sucks!
Yeah, that's too bad.
"Won't somebody please think of the helicopters!"
"Won't somebody please think of the helicopters!"
Sorry...I should have warned that my post was for the deeper thinkers on here.....all 3 of them. just illustrating that it affects others besides shrimpers.....
Who cares, it says BRITISH Petroleum in the name!!!!
(yes, I never bought the whole "beyond" part)
That is quite scary but still a good read.
Ok...on the same website a bunch of guys think that the oil spill is a well-planned hoax:
http://www.godlikeproductions.com/forum1/message1110602/pg1
http://www.godlikeproductions.com/forum1/message1110602/pg1
did they make the moon hoax website as well?
That forum is officially full of a bunch of desmondos. Another thread was asking how to communicate after an EMP attack.