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View Full Version : Should taxpayers help clean up BP oil spill?


highnote
06-10-2010, 05:46 PM
Do you think BP should socialize their losses and privitize their gains by having U.S. taxpayers help pay for their oil spill?

andymays
06-10-2010, 06:15 PM
Groups like Acorn that get government funding should go help.

Obama seems to be able to get groups like Acorn and SEIU to do stuff for him all the time. How about helping out the country for once?

Robert Goren
06-10-2010, 06:28 PM
Do you think BP should socialize their losses and privitize their gains by having U.S. taxpayers help pay for their oil spill? Like it or not, if this mess going to get cleaned up, the taxpayer is going to foot some of the bill. At some point BP runs out of money. As big as they are, they can't cover all the costs. This mess is just way too big and effects far too many people and it is going to go on for a very long time.

johnhannibalsmith
06-10-2010, 07:53 PM
... At some point BP runs out of money...

BP has more money than I do.

Tom
06-10-2010, 09:01 PM
We need to squeeze every penny out of BP, then go for more. BP must be completely drained and left for dead.

In the meantime, every able-bodied welfare recipient should be on the beach cleaning and doing whatever needs doing. Those than can't physically clean up can be there in support roles - cooking, first aid, whatever.

Prison details are called for.

Greyfox
06-10-2010, 09:31 PM
If Obama had been on the clean up from day 1, the bill would be significantly lower. Once hurricane season starts some of the other States might get painted black in oil as well.

Tom
06-10-2010, 09:40 PM
CNN has had superb coverage so far.
They reported tonight that Obama knew within the first 24 hours that the actual spillage was at least twice what BP reported.

The Obama administration has totally botched this whole thing.
Just ask James Carville.:D

fast4522
06-10-2010, 10:13 PM
Everyone be real, this is going into 2011 easy, the Horizon rig that blew up in fire and sank was not the safer risk platform rig for a depth of a mile, but its all about saving BP money and the fix will include another cutoff exception somewhere. To move a rig to any location is in the millions of dollars, follow the money.

kenwoodall2
06-10-2010, 10:24 PM
Of course not.

bigmack
06-10-2010, 10:34 PM
We need to squeeze every penny out of BP, then go for more. BP must be completely drained and left for dead
As the largest Corp in the UK how 'bout if we go after all those shareholders? We'll bang down their doors and grab any personal items of value. We could dip into their accounts and grab that dividend money.

These scum will pay. They are the lowest of the low.

They all knew this was going to happen. I can't sleep at night knowing these people are still on the face of the earth. I say we burn 'em all.

JERKS!

Robert Goren
06-10-2010, 10:45 PM
How about going after all the people who said this could never happen. There were a lot of them before it happened. Now they are just saying it very unlikely to happen again or that shit happens.:rolleyes:

Robert Goren
06-10-2010, 10:50 PM
If Obama had been on the clean up from day 1, the bill would be significantly lower. Once hurricane season starts some of the other States might get painted black in oil as well. We actually someone post that a hurricane would disperse the oil. :D

Greyfox
06-10-2010, 11:08 PM
We actually someone post that a hurricane would disperse the oil. :D

I don't know what you're laughing about. Some will get dispersed.
Enough dispersion to make things dirty. Not enough to clean it up.

Tom
06-10-2010, 11:40 PM
As the largest Corp in the UK how 'bout if we go after all those shareholders? We'll bang down their doors and grab any personal items of value. We could dip into their accounts and grab that dividend money.

These scum will pay. They are the lowest of the low.

They all knew this was going to happen. I can't sleep at night knowing these people are still on the face of the earth. I say we burn 'em all.

JERKS!

You work for BP?

They have been lying since day one dragging their feet on taking responsibility for this. Yes, knock down their doors and drag them into the streets. Let me know where and when. I got a Bic.

bigmack
06-11-2010, 12:05 AM
You work for BP?
They have been lying since day one dragging their feet on taking responsibility for this. Yes, knock down their doors and drag them into the streets. Let me know where and when. I got a Bic.
Ace idea, get a mob mentality.

If we could get BO to talk about kickin' can & Holder to yap about aggressively pursuing a criminal campaign AND get you & Goren & a boatload of folk getting bent - We could bust the company short and money will go 'poof'

Where can I sign-up for this outrage? I'd like to do a disservice to those that might need the help.

What again is the statue of limitations - 5 years?

Hurry, hurry - Drown the rescuers right away. :rolleyes:

newtothegame
06-11-2010, 12:06 AM
Ace idea, get a mob mentality.

If we could get BO to talk about kickin' can & Holder to yap about aggressively pursuing a criminal campaign AND get you & Goren & a boatload of folk getting bent - We could bust the company short and money will go 'poof'

Where can I sign-up for this outrage? I'd like to do a disservice to those that might need the help. What again is the statue of limitations - 5 years?

Hurry, hurry - Drown the rescuers right away. :rolleyes:

This group already exist...SEIU lol

Tom
06-11-2010, 12:45 AM
Ace idea, get a mob mentality.

That was your idea.
I merely mocked it.

riskman
06-11-2010, 01:26 AM
Do you think BP should socialize their losses and privitize their gains by having U.S. taxpayers help pay for their oil spill?

"On June 1, 2010, BP reported that its own expenditures on the oil spill had reached $990 million, a figure that excludes claims from fishermen and other affected industries.[193] The United States Oil Pollution Act of 1990 limits BP's liability for non-cleanup costs to $75 million unless gross negligence is proven.[194][dead link] BP has said it would pay for all cleanup and remediation regardless of the statutory liability cap. Nevertheless, some Democratic lawmakers are seeking to pass legislation that would increase the liability limit to $10 billion.[195] Analysts for Swiss Re have estimated that the total insured losses from the accident could reach $3.5 billion. According to UBS, final losses could be $12 billion.[196] According to Willis Group Holdings, total losses could amount to $30 billion, of which estimated total claims to the market from the disaster, including control of well, re-drilling, third-party liability and seepage and pollution costs, could exceed $1.2 billion.[197] As of June 2010[update], BP's stock had lost more than one-third of its value compared to the period before accident, equivalent to $62.7 billion in market capitalization.[193] BP is reportedly vulnerable to a corporate takeover as a result of the fall of its stock value and potential for continuing decline.[193]"
http://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spill

Lots of good info at the above link.

In a way, anyone who purchases BP products whether it be oil or gas for auto, marine , heating etc., is paying a % of losses being built in as part of the product price.( insurance and self funded losses)

bigmack
06-11-2010, 01:33 AM
That was your idea.
I merely mocked it.
Uff da.

You certainly want in on this "BP is the Devil" take, right?

TheBid9
06-11-2010, 01:56 AM
BP will not allow their mistake to bankrupt them or hurt their investors. Are we to believe that a company that lied to us from the beginning, is going to "man up" and take full financial responsibility for this catastrophe! We would have to be morons to buy into that. This is big business and there will be litigation forever. The tax payer will, once again, have to fix it!

Hank
06-11-2010, 02:11 AM
[QUOTE=TheBid9]BP will not allow their mistake to bankrupt them or hurt their investors. Are we to believe that a company that lied to us from the beginning, is going to "man up" and take full financial responsibility for this catastrophe! We would have to be morons to buy into that. This is big business and there will be litigation forever. The tax payer will, once again, have to fix it![/QUOte}

Thats pretty close to how it will play out, Taxpayers stock up on the KY Jelly.On top of the monetary damage the environmental damage will be catastrophic for DECADES.

Robert Goren
06-11-2010, 02:22 AM
[QUOTE=TheBid9]BP will not allow their mistake to bankrupt them or hurt their investors. Are we to believe that a company that lied to us from the beginning, is going to "man up" and take full financial responsibility for this catastrophe! We would have to be morons to buy into that. This is big business and there will be litigation forever. The tax payer will, once again, have to fix it![/QUOte}

Thats pretty close to how it will play out, Taxpayers stock up on the KY Jelly.On top of the monetary damage the environmental damage will be catastrophic for DECADES.Then the lawyers will bankrupt them. It is the American way.:rolleyes:

riskman
06-11-2010, 02:40 AM
Johnson & Johnson is out of the KY Jelley business.
You might want to look into E. Fougera & Company since they should be selling out of their product with everyone getting screwed on the BP deal.

chickenhead
06-11-2010, 03:16 AM
Everyone will get screwed, the screwing is pouring out of that tube. There is more than enough to go around.

BP LEAPS look almost worth a leap. Betting on the bad guys is not a bad way to go. And if it doesn't work out, hey, at least they were bad. Less heartbreaking than betting on good guys and losing, both ways.