Thursday, May 13, 2010

Cause & Effect

Cause: media undercovers environmental catastrophe of epic propotions.

Effect: 53% of Americans polled by NBC/WSJ think expanded offshore drilling is economically worth the environmental risk.

I wonder how many Americans would support extremely punitive damage claims against oil companies found liable for environmental catastrophes? I wonder how many Americans would support higher taxes to clean up after our self-regulating corporations who make messes?

Lord knows, it may hurt business to hold them accountable.



Dante said...

You want to talk slippery slopes? Look at where the bullshit policy of protecting those "too big to fail" has landed us after not even two years. Exxon made this mess? Exxon should clean it up. If they go belly up in the process, maybe the others will be a little more careful next time.

Dante said...

D'Oh! BP made this mess. Sorry, Exxon. You may now continue to blindy run oil tankers in the ocean while your captains sharpen their putting skills.

Cousin Pat from Georgia said...

I hate "too big to failism." You are absolutely right that companies that take risks and lose should be on the hook for the bill.

I don't care if BP has to be liquidated to clean this stuff up. You break it, you buy it.

And any government regulators who let them get by without appropriate oversight - especially if they took gifts from the company - should be held accountable as well.