Oil Company Trickle-down Economics 101

[blueworld]

Corporate Masters Screw up & taxpayers foot the bill. First they lobby Congress. Then they party with their pseudo-regulators (Dept. of Interior). As they rake in millions per day, they manage to avoid the necessity of a tax-deductible $500K expenditure for a safety measure that might have protected millions of people. Very thrifty & stock prices are up!

They create dozens of jobs, then kill off at least 11 people, but they do provide health care to the survivors. Whew! With no way to control the disaster that they promised couldn't ever happen in the first place, they turn to the taxpayer-funded military for help. (Good luck with that). When the oil hits the coast & devastates the environment (wildlife, fishing industry, tourism) in an economically-challenged area, they promise to buy enough Dawn soap to wash off the birds. Of course with the regional economy affected for years, the taxpayers will have to fund those poor folks ruined by this calamity. Regional businesses will die off slowly but surely. Oops!

This amount of oil will destroy the region for years, if not decades, but it isn't a drop in the bucket as far as national energy needs. Anyone care to estimate next year's CEO bonuses? And Congress schedules more hearings.

For those nuclear power proponents convinced that new technological safeguards are golden, consider that the back-up mechanisms on this rig failed, as well as the "fail-safe" mechanism, apparently. Could have been human error...hmmm.

[Lone_Star_Dem]

1. The backup mechanisms on that rig were thought to be inferior

An upgrade was proposed and denied by the regulation commission under Bush/Cheney.

Not that I'm a proponent for nuclear energy insomuch. I just don't want the facts regarding this tragedy to be distorted.