Okay, I'm going to offend some of the Posse with this one - Not because I'm incorrect necessarily, but because I'm blunt. I'm sorry, but it's just the kind of wake up call America needs. If our country would have listened 20, 10 or even 5 years ago, the BP oil spill never would have happened.
I've known for quite some time now that there are two parallel Americas in existence, occupying the same space, time, land, citizens, everything. The only difference is one America is living in a fantasy land and the other Amerika is living in reality.
The fantasy America believes the US will bounce back from this recession and create the tens of millions of required new jobs to do it. Until then, we'll just keep living on credit like we've been doing for the last decade. While the real Amerika knows those jobs are long gone and thanks to the laws our greedy multi-national corporations have written and passed, they're never coming back.
The fantasy America believes our national debt is 'manageable', after all, we're America. The real Amerika knows that each and every Amerikan family currently owes $800,000 and multiplying everyday. It's never getting paid back. After all, defaulting on credit is the American way.
Fantasy America believes that if they yell and scream loud enough, President Obama, Congress, or someone - will exact revenge upon BP and not only force them to clean-up America's Gulf, but pay the bills for the clean-up and reimburse all residents and businesses for their losses - even if it totals in the billions. After all, if they don't, American's will simply stop getting gas at BP and will instead go somewhere like Amoco.
The real Amerika knows what BP's CEO, Tony Hayward, knows. Amerika has laws that cover oil spills, laws written and passed by none other than BP, Exxon and the rest. The maximum fine BP will have to pay is $75 million. That's why BP won't pay the claims, even defying President Obama's demands and threats. They know they don't have to. And if President Obama switches into Dictator Obama mode and forces them to pay, BP will and in the year 2031, the US Supreme Court will order that any fine over $75 million was a violation of BP's rights and every cent collected from BP over that amount by the US government will have to be returned, plus interest.
Don't think so? Consider this...
In 1989, the Exxon Valdez destroyed a large section of Alaska's coast and economy.
In 1994, a court-imposed settlement ordered Exxon to pay $5 billion in damages.
In 2006, a court reduced that amount to $2.5 billion in damages.
In June 2008, the U.S. Supreme Court reduced the damages Exxon had to pay to $500 million, or one-tenth of the original fine.
So Fantasy America, tell me why this time is going to be any different and I'll stop living in the real Amerika. Also, to everyone who wants to nationalize BP, British Petroleum - you can't "take over" or nationalize a foreign company, not without going to war with England. Welcome to the New World Order. Let's take over Exxon instead, they're bigger.
Joe Six Pack and the Six Pack Posse