Trump Grump Whisperer
- Mar 11, 2006
- Reaction score
- SE Virginia
- Political Leaning
I thought it was overly harsh (I'm a huge fan of The Daily and not a democrat). Just like Katrina, I blame the State and Local governments. In that case and in this, they failed to have proper preparation and failed to respond well. The government of Louisiana and the MMS office in New Orleans (a)greed to this rig knowing full well that:
1. There was a $75m liability limit in place via Clinton.
2. The rig was deep (5000 ft).
3. They had no real expertise or means of regulation or response.
The trade-off in the liability limit was that the government could choose where companies can drill, via approval. The government entered into this contract as aware as anyone who signed an adjustable rate mortgage for 3x their income at the height of the market. Now, who will it blame for being an uninformed consumer?
I'm not putting much of this on the Feds. The same people as last disaster are responsible.
They thought they could pull it off and the governement gave them the (explicit and specific) go-ahead. One is in charge of trying and the other in charge of regulating (and protecting the public safety). BP might have been unethical (and if so, the extent is debatable). The State and Local governments certainly were inept.
I guess Nagin got his "chocolate city".