Friday, June 11, 2010

Obama should be looking for a way to plug the hole instead of an "Ass to kick"!

We are now into the second month since the April 20th, 2010 oil disaster at sea that took the lives of 11 BP oil rig workers in the Louisiana Gulf as well as sank the rig and created what has now become the worst oil disaster in history.

This disaster has been acerbated due to a series of government blunders that initially kept BP, the State of Louisiana and other private companies from offering immediate help to the prevention of what now appears to be oil coming ashore on the coasts of all of the Gulf coast states, including Florida!

This is by far the biggest and most costly presidential blunder of American History. We don’t even know yet the true costs of this nightmare. We don’t know how many businesses including small, medium and large companies will fold as they see their livelihood in the fishing and recreation industries disappear.

But it’s much more than just those who fish; it affects tourism, restaurants, financial institutions that hold loans for hundreds of companies in the area, it impacts insurance companies already strapped from the Hurricane Katrina disaster a few years ago, all types of jobs are interconnected with this industry. The economic impact has potential for massive wide spread collapse!

In the midst of this our inept president looking for a finger to point makes a comment that he’s looking for “whose ass to kick.” I am furious at the ignorance and incompetence of this political pawn of the left wing socialist progressive movement. He has never met with the CEO of BP who has asked for a meeting the convenience of the president, he drug his feet for WEEKS before his administration could authorize permits to those in the gulf who knew how to prevent this disaster from coming ashore. Instead, he has spent his time golfing and entertaining Hollywood celebrities in an expensive temporary fun tent gala on the Whitehouse lawn!

Now that the heat is on we see the true nature of this man exposed. He may be good at reading a teleprompter but when it comes to commander in chief he is nowhere to be found; well that’s not entirely true, if the tent is still up!

I feel the pain of those who were duped into voting for this fraud. I am still shocked when I see the occasional OBAMA 08 bumper sticker on a car. Now is the time to buy stock in Gillette as razor blade purchases should start going thru the roof as former Obama supporters began buying them to scrape any trace of their support for OBAMA off of their vehicles!

Obama is trying desperately to demonize BP as the big bad oil company responsible for the entire mess, yet his administration has down played the fact that BP was given a pass on a safety inspection just weeks before the disaster.

In an ABC News story on May 27, 2010 written by news correspondent Yunji de Nies, we learned of the “resignation” of S. Elizabeth Birnbaum the Director of the Mineral Management Service in the Obama administration. She reported; “At a news conference this afternoon, President Obama told reporters he was informed of Birnbaum’s resignation earlier this morning and did not know the circumstances by which it came about.”

Do you believe for one minute that Obama knew nothing about the circumstances of her resignation? This is a double edged sword. If he knew nothing about it, it proves my point at his ineptness as president; if he knew about it, it proves his culpability as the president that he knew about a vital department’s lack of oversight as a federal agency charged with overseeing safety and security of companies operating in this industry and did nothing to fix it!

Obama knew about the scandal ridden department in September of 2008 when MMS Employees were fired for accepting gifts, favors - even sex - from oil industry employees in exchange for “looking the other way.” He appointed Ken Salazar to be Secretary of the Interior in December 2008 and he pledged to clean things up

Obama told ABC news “I can tell you what I’ve said to Ken Salazar, is that we have to make sure if we are going forward with domestic oil production that the federal agency charged with overseeing its safety and security is operating at the highest level.” I guess the words “highest level” must mean something different to Obama than they do to the rest of us.

And finally, (sorry this is so long, but I’m a little heated and I need to get this off of my chest) the embarrassment Speaker of the House said that BP shareholders are going to have to wait on the dividend until BP has covered the costs of this disaster. When I first heard this I was driving in my car and thankfully there were no other cars near me because I’m sure my driving became quite erratic at that moment. Madam Speaker, the government does not have the right or authority to tell any private company who they will pay, how much they will pay or when they will pay! The United States is still a REPUBLIC not a Dictatorship or Communist rĂ©gime!

Later I heard the CEO of BP suggest that his shareholders may not be getting their dividends. I don’t know if this comment was made because of US pressure or not, but I have no problem if a company makes this type of decision on its own, but not under the dictate of the US Government. The last time I checked Obama still owned to US auto companies but he hadnt taken over BP yet!

There are those who would like to see BP destroyed by this. I understand the frustration but BP is an international company owned 39% by Americans, American pensioners and American pension funds The financial fallout would be devastating to hundreds of thousands of Americans who have invested in this company.

Here is a list of some of the larger investors; State Street Bank, Wellington Management , Barrow Hanley, Bank of America , State Farm Insurance, T. Rowe Price, Morgan Stanley, Fidelity Management, Tradewinds Global and Gates Foundation. These companies have invested billions into BP. Just imagine the magnitude of financial crisis it would cause if BP went under because of this.

No, we do not want to see BP destroyed by this unfortunate and horrific disaster. Instead, we need them to be strong enough to help pay for the cleanup and restitution to those who died working on the oil rig and the untold future numbers of those whose livelihood will be impacted for years to come.

President Obama would be better off keeping his dirty mouth shut and letting the governor's in the Gulf States handle this mess with whatever help or authorization they need from the FED's but without their direct involvement.  The Federal Government's involvement in the BP oil disaster gives new meaning to the term "muddy the water."

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