Well, you knew it was coming.
First of all, the notion that the oil rigs are unregulated is laughable. Secondly, if oil rigs are supposedly unstable, why haven't we seen rigs blow up on a yearly basis? The simple answer is that it hurts the bottom line. If anything, under a free market system, BP may very well be forced to go bankrupt because of all the lawsuits that would hit them for property damage. More than likely when all of this is said and done, BP will probably be hit with a fine and that'll be the end of it.cheming daemons (1000+ posts) Fri Apr-30-10 06:23 PM
Memo to teabaggers and dittoheads: The BP Oil spill was caused by an unregulated free market
The guilty party? Randian, "Atlas Shrugged"-ish, unfettered, free market capitalism.
Try all you want to pin this on Obama. Conservative economic philosophy is the culprit. BP was allowed to build and operate this rig with little or no regulatory oversight by Washington.
And why is there little or no regulatory oversight of the oil industry and their offshore drilling?
Ronnie's crusade against regulation and "big government" is why. Followed up nicely by the three Presidents that followed him.