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Old 06-11-2010, 10:08 AM   #366 (permalink)
aceventura3
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Quote:
Originally Posted by roachboy View Post
apparently, ace, you can't. just read the article but pay attention to who is saying what.

here, let me help you:


David Cameron admits sympathy with Obama before discussing BP crisis | Business | guardian.co.uk

the basis for this was a whinging day amongst uk conservatives yesterday during which some were loudly bewailing the fact that poor picked-upon corporate person bp was being blamed for all this stuff when halliburton and transocean were also involved. why, they wailed, why pick on poor corporate person bp?

now at this point, ace, what has been said and how its played out since is a matter of simple record.

putting things in context typically includes reading them accurately and retaining the sense of what you read. just saying.
He is not saying BP is a victim. Everyone agrees BP is responsible for the oil spill, clean-up and damages. BP is going to pay what they legitimately owe. However, attempts to make BP responsible for those things for which they are not responsible will be met with resistance, backed by the British government.

Perhaps, we don't agree on the term "victim".

There is a broader danger in Obama and his administrations rhetoric. All business will be watching what happens here in the context of an accident involving a corporate failure as well as regulatory failures. If a company plays by the rules are they going to pay for faulty rules after the fact. This can totally disrupt "order" in markets and is a major risk Obama may not even know he is playing with.

---------- Post added at 06:08 PM ---------- Previous post was at 06:04 PM ----------

Quote:
Originally Posted by ring View Post
The stranglehold BP has on the media is staggering.
Your statement suggests that BP, not Obama is in control. Is that what you think?
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