Why Not Feel Sorry for BP?

[Kevin_Kennedy]

I..Think I hear someone in the distance but I can't be sure....Oh well..I'll just ignore it. It seems like "someone" has a personal interest in a certain company that has failed. That certain someone...has shown a leaning towards market forces to be the rule of the rule up until now. Strange.....

Who's saying anything about not allowing the free market to do what it needs to do? I haven't seen anyone in this thread say BP should be bailed out or that they're too big to fail. We have only made the point that it's a shame this accident happened, not only for the loss of life, but because it will also likely cost many people their jobs as a good business struggles. One can feel sorry for BP while still believing in the free market.

Belief in a free market and what we have today are as different as day and night. I subscribe to many libertarian beliefs found on Lew's site, but when it come to economics, I depart from their naivete.

WE LIVE under free markets. Corporations live under socialism. The cost of that socialism impacts We, the People in the form of corporate cost externalization. When you factor in workplace injuries, medical care required by the failure of unsafe products, health costs from pollution, and many others, the costs to U.S. taxpayers was $3.5 trillion per year in 1995. It has only escalated over the past decade of Bush's extreme corporate socialism.

When Good Corporations Go Bad | Worldwatch Institute

Well where are these free markets? Hard to have a free market with the massive level of regulations coming from the federal government, and the manipulation of our currency by the Federal Reserve.

 

[HUGGY]

Who's saying anything about not allowing the free market to do what it needs to do? I haven't seen anyone in this thread say BP should be bailed out or that they're too big to fail. We have only made the point that it's a shame this accident happened, not only for the loss of life, but because it will also likely cost many people their jobs as a good business struggles. One can feel sorry for BP while still believing in the free market.

Belief in a free market and what we have today are as different as day and night. I subscribe to many libertarian beliefs found on Lew's site, but when it come to economics, I depart from their naivete.

WE LIVE under free markets. Corporations live under socialism. The cost of that socialism impacts We, the People in the form of corporate cost externalization. When you factor in workplace injuries, medical care required by the failure of unsafe products, health costs from pollution, and many others, the costs to U.S. taxpayers was $3.5 trillion per year in 1995. It has only escalated over the past decade of Bush's extreme corporate socialism.

When Good Corporations Go Bad | Worldwatch Institute

Well where are these free markets? Hard to have a free market with the massive level of regulations coming from the federal government, and the manipulation of our currency by the Federal Reserve.

I think you will need to apply for food stamps before you can say there are free markets.

 

[Kevin_Kennedy]

Belief in a free market and what we have today are as different as day and night. I subscribe to many libertarian beliefs found on Lew's site, but when it come to economics, I depart from their naivete.

WE LIVE under free markets. Corporations live under socialism. The cost of that socialism impacts We, the People in the form of corporate cost externalization. When you factor in workplace injuries, medical care required by the failure of unsafe products, health costs from pollution, and many others, the costs to U.S. taxpayers was $3.5 trillion per year in 1995. It has only escalated over the past decade of Bush's extreme corporate socialism.

When Good Corporations Go Bad | Worldwatch Institute

Well where are these free markets? Hard to have a free market with the massive level of regulations coming from the federal government, and the manipulation of our currency by the Federal Reserve.

I think you will need to apply for food stamps before you can say there are free markets.

If I applied for food stamps I would be a hypocrite. Hopefully I'll never be in a position to have to make that choice, but I hope I'd be a little more principled than to accept them.

 

[HUGGY]

Well where are these free markets? Hard to have a free market with the massive level of regulations coming from the federal government, and the manipulation of our currency by the Federal Reserve.

I think you will need to apply for food stamps before you can say there are free markets.

If I applied for food stamps I would be a hypocrite. Hopefully I'll never be in a position to have to make that choice, but I hope I'd be a little more principled than to accept them.

Good on ya...got kids? you make sure that if ya ever get hopelessly broke that you train them youngins to Buck Up just like daddy an push thier buggin eyes back in the sockets cuz it's not principaled.

 

[eagleseven]

Why do you presume it would be the russians or chinese instead of someone like ExxonMobile? do the russians and the chinese have a speciaql relationship with bp?

Both Russia and China have nationalized petroleum industries, and thus can use their entire government budget to outbid private American petroleum companies.

If we tried to legally block them from bidding, China would threaten to stop funding our national debt.

bp made $6billion in profit in just ONE QUARTER, 3 months....this spill is costing them about $6 million a day in clean up/containment expense is what i heard on the 24/7....it would take 1000 days (3 YEARS) of spending 6 million a day to come to the PROFITS they make in 90 days....I don't see them going UNDER or bankrupt off of this....even if it costed more that $6 million a day.....

That is because you are ignoring the massive costs of negative PR.

 

[Kevin_Kennedy]

I think you will need to apply for food stamps before you can say there are free markets.

If I applied for food stamps I would be a hypocrite. Hopefully I'll never be in a position to have to make that choice, but I hope I'd be a little more principled than to accept them.

Good on ya...got kids? you make sure that if ya ever get hopelessly broke that you train them youngins to Buck Up just like daddy an push thier buggin eyes back in the sockets cuz it's not principaled.

Sure don't.

 

[Care4all]

Why do you presume it would be the russians or chinese instead of someone like ExxonMobile? do the russians and the chinese have a speciaql relationship with bp?

Both Russia and China have nationalized petroleum industries, and thus can use their entire government budget to outbid private American petroleum companies.

If we tried to legally block them from bidding, China would threaten to stop funding our national debt.

bp made $6billion in profit in just ONE QUARTER, 3 months....this spill is costing them about $6 million a day in clean up/containment expense is what i heard on the 24/7....it would take 1000 days (3 YEARS) of spending 6 million a day to come to the PROFITS they make in 90 days....I don't see them going UNDER or bankrupt off of this....even if it costed more that $6 million a day.....

That is because you are ignoring the massive costs of negative PR.

true....

but as with everything, time heals all wounds....we forget the bad things.

it ain't hurting exxon/mobile now, is it?

 

[Care4all]

Why do you presume it would be the russians or chinese instead of someone like ExxonMobile? do the russians and the chinese have a speciaql relationship with bp?

Both Russia and China have nationalized petroleum industries, and thus can use their entire government budget to outbid private American petroleum companies.

If we tried to legally block them from bidding, China would threaten to stop funding our national debt.

bp made $6billion in profit in just ONE QUARTER, 3 months....this spill is costing them about $6 million a day in clean up/containment expense is what i heard on the 24/7....it would take 1000 days (3 YEARS) of spending 6 million a day to come to the PROFITS they make in 90 days....I don't see them going UNDER or bankrupt off of this....even if it costed more that $6 million a day.....

That is because you are ignoring the massive costs of negative PR.

and this is also why BP has chosen their PR strategy....

i feel sorry for BP, especially IF it was the halliburton subsidiary that might have made the mistake that killed those 11 men and caused this catastrophe....

 

[Bfgrn]

Who's saying anything about not allowing the free market to do what it needs to do? I haven't seen anyone in this thread say BP should be bailed out or that they're too big to fail. We have only made the point that it's a shame this accident happened, not only for the loss of life, but because it will also likely cost many people their jobs as a good business struggles. One can feel sorry for BP while still believing in the free market.

Belief in a free market and what we have today are as different as day and night. I subscribe to many libertarian beliefs found on Lew's site, but when it come to economics, I depart from their naivete.

WE LIVE under free markets. Corporations live under socialism. The cost of that socialism impacts We, the People in the form of corporate cost externalization. When you factor in workplace injuries, medical care required by the failure of unsafe products, health costs from pollution, and many others, the costs to U.S. taxpayers was $3.5 trillion per year in 1995. It has only escalated over the past decade of Bush's extreme corporate socialism.

When Good Corporations Go Bad | Worldwatch Institute

Well where are these free markets? Hard to have a free market with the massive level of regulations coming from the federal government, and the manipulation of our currency by the Federal Reserve.

You are living in a dream world Kevin. A naive utopia that is destined to fail. An unregulated market will only lead to an aristocracy and disaster. Do you need to look any father than our current failed economy, 29 miners dying in a mine where regulations were ignored, the current BP spill after regulations and safety procedures were lobbied away so maximum profits would rule the day.

The world has witnessed 2 failed revolutions based on extreme ideology. The Bolshevik revolution and the Reagan revolution.

 

[Kevin_Kennedy]

Belief in a free market and what we have today are as different as day and night. I subscribe to many libertarian beliefs found on Lew's site, but when it come to economics, I depart from their naivete.

WE LIVE under free markets. Corporations live under socialism. The cost of that socialism impacts We, the People in the form of corporate cost externalization. When you factor in workplace injuries, medical care required by the failure of unsafe products, health costs from pollution, and many others, the costs to U.S. taxpayers was $3.5 trillion per year in 1995. It has only escalated over the past decade of Bush's extreme corporate socialism.

When Good Corporations Go Bad | Worldwatch Institute

Well where are these free markets? Hard to have a free market with the massive level of regulations coming from the federal government, and the manipulation of our currency by the Federal Reserve.

You are living in a dream world Kevin. A naive utopia that is destined to fail. An unregulated market will only lead to an aristocracy and disaster. Do you need to look any father than our current failed economy, 29 miners dying in a mine where regulations were ignored, the current BP spill after regulations and safety procedures were lobbied away so maximum profits would rule the day.

The world has witnessed 2 failed revolutions based on extreme ideology. The Bolshevik revolution and the Reagan revolution.

So we have free markets, but free markets are a dream world?

And the "Reagan Revolution" was not a "revolution" for free markets.

 

[Bfgrn]

Well where are these free markets? Hard to have a free market with the massive level of regulations coming from the federal government, and the manipulation of our currency by the Federal Reserve.

You are living in a dream world Kevin. A naive utopia that is destined to fail. An unregulated market will only lead to an aristocracy and disaster. Do you need to look any father than our current failed economy, 29 miners dying in a mine where regulations were ignored, the current BP spill after regulations and safety procedures were lobbied away so maximum profits would rule the day.

The world has witnessed 2 failed revolutions based on extreme ideology. The Bolshevik revolution and the Reagan revolution.

So we have free markets, but free markets are a dream world?

And the "Reagan Revolution" was not a "revolution" for free markets.

Really? Then explain the Reagan revolution to me Kevin?

 

[uscitizen]

Well where are these free markets? Hard to have a free market with the massive level of regulations coming from the federal government, and the manipulation of our currency by the Federal Reserve.

You are living in a dream world Kevin. A naive utopia that is destined to fail. An unregulated market will only lead to an aristocracy and disaster. Do you need to look any father than our current failed economy, 29 miners dying in a mine where regulations were ignored, the current BP spill after regulations and safety procedures were lobbied away so maximum profits would rule the day.

The world has witnessed 2 failed revolutions based on extreme ideology. The Bolshevik revolution and the Reagan revolution.

So we have free markets, but free markets are a dream world?

And the "Reagan Revolution" was not a "revolution" for free markets.

True just free spending and routing govt money to corporations.

 

[Samson]

That article actually makes some really good points. BP are one of the most ethical petro companies on the planet. That's not to say they are perfect but demonizing them is ridiculous. BP plow huge amounts of money into researching renewable energies - they employ 29,000 people in the US alone. If they go under because of this, not only do we have 29,000 more unemployed but the impact on research for renewables will be huge. It could set us back decades in the effort to cut carbon emissions and replace oil.

There are really important issues that are being ignored by the hysteria from the whiners about BP... From their hysterical rants, one can clearly see that they have absolutely no idea how important BP are, not just in the US but globally. In their enthusiasm for 'blame' they don't consider the bigger picture, they have absolutely no idea about BP - other than they are an oil producer. Fucking morons.

Morons?

No.

They're just looking to continue the free ride they've been on since Katrina.

S. Louisianna is addicted to being on the Federal Dole.

Time for them to grow-the-fuck-up, already, and stop looking for a blank check from the rest of the nation.

 

[Samson]

and this is also why BP has chosen their PR strategy....

BP's PR strategy of employing tens of thousands of Americans, and bank-rolling alternative energy sources pales in comparison to the Administrations PR strategy of denying that DOI should have been regulating producers, and dancing around the fact that they were asleep at the wheel (AGAIN:see SEC and AIC).

 

[Samson]

True just free spending and routing govt money to corporations.

What? Dept of Interior didn't have a budget to carry out their Mission: Protecting the Natural Resources of the USA?

 

[Kevin_Kennedy]

You are living in a dream world Kevin. A naive utopia that is destined to fail. An unregulated market will only lead to an aristocracy and disaster. Do you need to look any father than our current failed economy, 29 miners dying in a mine where regulations were ignored, the current BP spill after regulations and safety procedures were lobbied away so maximum profits would rule the day.

The world has witnessed 2 failed revolutions based on extreme ideology. The Bolshevik revolution and the Reagan revolution.

So we have free markets, but free markets are a dream world?

And the "Reagan Revolution" was not a "revolution" for free markets.

Really? Then explain the Reagan revolution to me Kevin?

Well what did he really change, honestly? He talked a good game, but if we only go by what politicians say then we're being a little foolish.

 

[Kevin_Kennedy]

You are living in a dream world Kevin. A naive utopia that is destined to fail. An unregulated market will only lead to an aristocracy and disaster. Do you need to look any father than our current failed economy, 29 miners dying in a mine where regulations were ignored, the current BP spill after regulations and safety procedures were lobbied away so maximum profits would rule the day.

The world has witnessed 2 failed revolutions based on extreme ideology. The Bolshevik revolution and the Reagan revolution.

So we have free markets, but free markets are a dream world?

And the "Reagan Revolution" was not a "revolution" for free markets.

True just free spending and routing govt money to corporations.

Which is not the free market.

 

[SpidermanTuba]

It was 21 years ago that the Exxon-Valdez leaked oil and unleashed torrents of environmental hysteria. Rothbard got it right in his piece "Why Not Feel Sorry for Exxon?"

After the BP-hired oil rig exploded last week, the environmentalists went nuts yet again, using the occasion to flail a private corporation and wail about the plight of the "ecosystem," which somehow managed to survive and thrive after the Exxon debacle.

Why Not Feel Sorry for BP? by Llewellyn H. Rockwell, Jr.

I love how righties always feel sorry for corporations that do bad things but won't shed a tear for the kid who is beat by his parents and grows up to rob liquor stores.

I love how BP gets some sort of special protection because they are a "private corporation" - its as if they are exempt from criticism. Never mind the fact this "private" corporation is leaking oil at an alarming rate into PUBLIC waters. Never mind their long list of violations, including the largest criminal fine in Clean Air Act history, which amply suggests that the company had a practice of blowing off regulations. None of that is relevant.

What matters is BP is a corporation that creates jobs, so you shut the FUCK up and let them do WHATEVER they want and SUCK their cock while they are doing BITCHES! You're only the PEOPLE and you don't count for DICK!

 

[eagleseven]

What matters is BP is a corporation that creates jobs, so you shut the FUCK up and let them do WHATEVER they want and SUCK their cock while they are doing BITCHES! You're only the PEOPLE and you don't count for DICK!

[ame=http://www.youtube.com/watch?v=ctVmNbVu2KA]YouTube - Big Booty Bitches (the Official Video) @ALostPeople[/ame]

YEAH!

 

[Kevin_Kennedy]

It was 21 years ago that the Exxon-Valdez leaked oil and unleashed torrents of environmental hysteria. Rothbard got it right in his piece "Why Not Feel Sorry for Exxon?"

After the BP-hired oil rig exploded last week, the environmentalists went nuts yet again, using the occasion to flail a private corporation and wail about the plight of the "ecosystem," which somehow managed to survive and thrive after the Exxon debacle.

Why Not Feel Sorry for BP? by Llewellyn H. Rockwell, Jr.

I love how righties always feel sorry for corporations that do bad things but won't shed a tear for the kid who is beat by his parents and grows up to rob liquor stores.

I love how BP gets some sort of special protection because they are a "private corporation" - its as if they are exempt from criticism. Never mind the fact this "private" corporation is leaking oil at an alarming rate into PUBLIC waters. Never mind their long list of violations, including the largest criminal fine in Clean Air Act history, which amply suggests that the company had a practice of blowing off regulations. None of that is relevant.

What matters is BP is a corporation that creates jobs, so you shut the FUCK up and let them do WHATEVER they want and SUCK their cock while they are doing BITCHES! You're only the PEOPLE and you don't count for DICK!

Yep, that's exactly what the article said.