Just how bad is this oil spill...?

ptschram

ptschram

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Sep 27, 2004
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kennith

kennith

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Apr 22, 2004
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jhmover said:
Kevin Costner to the rescue!!!! LOL!

http://www.dailymail.co.uk/news/wor...-BP-oil-spill-Kevin-Costner-comes-rescue.html
Click to expand...

Hey, if he has machines that will help clean up the mess in the aftermath, more power to him.

Besides, I like Kevin Kostner.

If it all goes pear-shaped in 2012, he will save the day, even though he will be reluctant to do so; primarily interested in his own well-being, and certainly not very interested in the woman at his side at first. I never get tired of those movies.

If they ever make a movie out of that game Fallout, it's Kostner or nobody for the role.

Cheers,

Kennith
 
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MarkP

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Apr 23, 2004
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If I remember correctly Bush was criticized for Katrina response because early Gulf responders were from ......Canada....... Well apparently Bush waived the Jones act before Katrina had departed the coast.

How is Obama responding to the Gulf oil drilling accident?

What Do Protectionism, Union Power And Jones Act Have To Do With The Cleanup In The Gulf? A LOT

......”We learned a simple thing this week: that the BP clean-up effort in the Gulf of Mexico is hampered by the Jones Act. This is a piece of 1920s protectionist legislation, that requires all vessels working in U.S. waters to be American-built, and American-crewed. So while, for instance, the U.S. Coast Guard can accept such help as three kilometres of containment boom from Canada, they can’t accept, and therefore don’t ask for, the assistance of high-tech European vessels specifically designed for the task in hand.”......

..... “In order to accept offers of help, which have come from Belgian, Dutch, and Norwegian firms that claim to possess some of the world’s most advanced oil skimming ships, Obama would need to waive the Merchant Marine Act of 1920 (also known as the Jones Act). So why not simply waive the act? Other presidents have under similar circumstances. George W. Bush waived the Jones Act following Hurricane Katrina, allowing foreign ships into Gulf waters to aid in the relief effort.

The explanation of Obama’s reluctance to seek this remedy is his cozy relationship with labor unions.......​
 
HunterAK

HunterAK

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MarkP said:
......?We learned a simple thing this week: that the BP clean-up effort in the Gulf of Mexico is hampered by the Jones Act. This is a piece of 1920s protectionist legislation, that requires all vessels working in U.S. waters to be American-built, and American-crewed. So while, for instance, the U.S. Coast Guard can accept such help as three kilometres of containment boom from Canada, they can?t accept, and therefore don?t ask for, the assistance of high-tech European vessels specifically designed for the task in hand.?......

..... ?In order to accept offers of help, which have come from Belgian, Dutch, and Norwegian firms that claim to possess some of the world?s most advanced oil skimming ships, Obama would need to waive the Merchant Marine Act of 1920 (also known as the Jones Act). So why not simply waive the act? Other presidents have under similar circumstances. George W. Bush waived the Jones Act following Hurricane Katrina, allowing foreign ships into Gulf waters to aid in the relief effort.

The explanation of Obama?s reluctance to seek this remedy is his cozy relationship with labor unions.......​
Click to expand...

Funny that CNN has not mentioned this little tid bit. In fact, this is the first I've heard of this. How much Union involvement is actually going on in the current clean-up effort? Do we know for sure?
 
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MarkP

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garrett said:
The NY Post? LOL.
Click to expand...

At least we get reality from the NY Post vs. leftist agenda from the NYT

Example:


THE REAL SCANDAL
HOW FEDS INVITED THE MORTGAGE MESS
NY Post
February 5, 2008

....the Boston Fed, clearly speaking for the entire Fed, produced a manual for mortgage lenders stating that: "discrimination may be observed when a lender's underwriting policies contain arbitrary or outdated criteria that effectively disqualify many urban or lower-income minority applicants."

Some of these "outdated" criteria included the size of the mortgage payment relative to income, credit history, savings history and income verification. Instead, the Boston Fed ruled that participation in a credit-counseling program should be taken as evidence of an applicant's ability to manage debt.....​



and now over two years later ......

The First Intelligent Thing I've Heard From Bair
Market Ticker
June 18. 2010

....First, we must recognize that the financial crisis was triggered by a reckless departure from tried and true, common-sense loan underwriting practices.

Traditional mortgage lending worked so well in the past because lenders required sizeable down payments, solid borrower credit histories, proper income documentation, and sufficient income to make regular payments at the fully-indexed rate of the loan. Not only were these bedrock principles relaxed in the run-up to the crisis, but they were frequently relaxed all at once in the same loans in a practice regulators refer to as "risk layering."

As all of you know, the long-term credit performance of a portfolio of mortgage loans can only be as sound as the underwriting practices used to originate those loans.....​


The NYT wouldn't touch this with a ten foot pole, that the Federal government caused the financial implosion. That would hit too close to home for the elites.
 
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garrett

garrett

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Yes the Post is full of reality I am sure. Similar to reality TV. It's always been a tabloid and still is. It should be handed out free in subway stations around the city.

You could cite quality editorials in The Onion too.
 
A

apg

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Dec 28, 2004
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What about Rep. Joe Barton, a republican from (where else?) Texas. In a Congressional committee hearing, he insisted that we apologize to BP.... When I read that, I immediately thought it was a plant from "The Onion."

Of course, Barton has now apologized for his apology....
 
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MarkP

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Apr 23, 2004
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apg said:
What about Rep. Joe Barton, a republican from (where else?) Texas. In a Congressional committee hearing, he insisted that we apologize to BP ......
Click to expand...


And the rest of the story ..... from Enemy At the Gates


.....The AP reported rumors that BP was considering filing for bankruptcy following Tony Hayward?s cancellation of an appearance at an oil industry conference. It quoted an analyst which said BP?s exposure to Gulf cleanup costs could drive the company under. Jay Tea at Wizbang argues that the government is acting like it doesn?t want to solve the oil spill problem.

Instead, we have an administration that seems hell-bent on destroying BP. Hell, last week they extorted a $20-billion-dollar shakedown out of BP. And, cynically, the primary motive wasn?t to get that money, but to secure the federal government?s first dibs on BP?s assets should they file bankruptcy in the US. This was the same move the Obama administration pulled with GM and Chrysler ? bypassing the normal rules of bankruptcy and screwing out the other creditors.

We need an easing of normal restrictions and limitations, freeing up all parties concerned to react swiftly to the impending slow-motion disaster. Instead, we have the Coast Guard turning away skimmers for inadequate life jackets, states being blocked from building berms due to long-term environmental impact concerns, foreign vessels and offers of assistance and expertise being ignored.​

What?s going on? .....​
 
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