Republic has succumbed to corporate rule
The company clearly has a financial incentive to understate the scale of the disaster. That way when the lawsuits come rolling in, they can say it wasn't (or isn't considering how long the oil will be around) as bad as the plaintiff's attorneys claim.
I just saw on CNN that Gulf fisherman were lining up to receive checks for working on spill containment efforts. Rather than compensate Gulf fisherman for their catastrophic financial losses, the powers that be are content to throw a few scraps out to the displaced, hiring a few of them (the CNN report said 10% of those lining up) to work the oil containment--the only work available to them.
I've lived near the Gulf of Mexico and can tell you that these fisherman are people you don't want to screw with. It's not that they're psychotic or anything, it's just that they're the kind of people who won't forgive or forget. And unlike the poor, huddled masses deported out of New Orleans in the Katrina tragedy, some of the fisherman have deep pockets. Nonetheless, it's unlikely many of them will be able to continue in their chosen profession with the waters polluted for decades.
While BP has said it would honor all legitimate claims, the cap on its liability may be a paltry $75 million. While Sen Menendez of New Jersey has called for an upping of this statutory limit on damages, President Obama has been less forceful about upping compensation for the affected, blaming instead the finger-pointing between BP, Transocean, and Halliburton.
As outraged as the President may appear, relief appears far from coming. Instead, it appears the damages will be limited by courts far away, and representatives of a two-party duopoly beholden to Big Oil. As the campaign donations from Big Oil swell, so too does the amount of influence they can wield in the White House and Capitol Hill. Considering the true scope of the leak--a fact the BP will never readily acknowledge--damages are already in the hundreds of millions. But true to their sponsors are our Congresscritters and the recipients of campaign donations who purport to represent us.
The Deepwater incident was completely preventable. The "blowout preventer" was faulty and inadequately inspected. The federal agency responsible for oversight of Gulf wells, the Mining and Mineral Service (MMS) has a thick record of open fraternization with the companies they're supposed to oversee. We saw a similar situation with the SEC and Bernie Madoff, who's daughter married an auditor from the government agency. And undoubtedly the Federal Reserve and Treasury engage in a give'n'take behind closed doors that benefits the banksters while defrauding the public and placing our nation in perpetual debt servitude.
The point of the Deepwater disaster is this: our federal government has become ruled by corporate interests. The needs of we the people aren't as important as those who contract for government services and offer kickbacks in the form of campaign donations. We the people can vote, so the politicians offer us lip service, but the tools of manipulation are obvious to see when preventable, man-made disasters like Deepwater occur.
And what can we do about it? We're offered a choice of twiddlee-dee and twiddlee-dum, corporate candidates both. Party One is Party Two, at least once they get into office and the campaign rhetoric stops. Look at Obama. We have a man who got into office by lying. he claimed we'd have a drawdown in Iraq--instead our boys languish there. And for what? The political climate there has degenerated along sectarian lines, Shia versus Sunni. Civil war remains a possibility. I've heard it said that we've broken Iraq beyond repair.
What good is our government if it can't win in the wars it launches? The AP headline came out nationally last week acknowledging what anyone with a brain knows: the War on Drugs has been a utter failure. But does that change our policy? No, the federal government blindly forges ahead with its losing strategies not because it seeks to win the wars it fights, but because key corporate constituencies benefit from these ongoing wars. With the War on Drugs, it's the prisons, Homeland Security, and a myriad of law enforcement bodies. With the War on Terror, it's the bloated Military Industrial Complex, the one Eisenhower warned us about.
It's probably the war machine that'll finish off American empire. There's no way we can endlessly spend on war of no productive value to our society. I mean, yeah sure, they're are jobs here and there that can be sustained by military spending, but the overall benefit to the economy shrinks over time. The corporations that benefit the most financially from the war spending grow increasingly inefficient as competitive bidding shrinks. War contracts tend to get costlier and costlier, and funneled to companies which become wholly dependent on the government's easy money. Eventually, all competition is bled out of the system and left behind are the companies with the most political influence entrenched at the trough, hardly much of a real economy at all.
Already the government trough is crowded, with the big players consuming ever larger chunks of government spending, leaving less for other needs like enforcement of drilling regulations in the Gulf. The same thing happened with Katrina: the Army Corps of Engineers, charged with maintaining New Orleans' levees shifted funding overseas to meet needs in Iraq. Result: insufficient levee maintenance. And for those who understand the levees, they understand that they're constantly sinking and if they're not constantly increased, the outcome could be tragic.
As America gets peppered time and time again by man-made, preventable tragedies, who's to stop it? Certainly not our two-party system, with its rule-by-corporate-sponsorship. So bad has the situation become that there's no way any candidate can make it to the top of a national ticket without being thoroughly vetted by powerful corporations. Obama was "star-chambered" at some point in his rise to the top. We don't know exactly when he was co-opted, but his constant obedience to corporate rule has shown through most of his time in office. Could he be salvaged? Unlikely, being that the key groups who back him must have some leverage or means to control the President, with money being the most likely culprit.
We saw preferential treatment for Goldman Sachs; they'd given him close to a million dollars. BP I believe was Obama's biggest single corporate donor, at least within the oil industry. Why? I mean why would these companies give so much? Well, they obviously felt they would get something in return. For Goldman Sachs, it's been record bonuses and profits while squeezing the Federal Reserve and Treasury for an bailout of AIG, who owed them over $10 billion. The benefits for BP aren't so clear yet, but as more and more oil washes up on Gulf beaches and the scope of the tragedy comes clear--alongside the lax enforcement that allowed it to happen, we'll likely see Obama or his agents find a way to limit BP's losses.
Serving those corporations comes at a great risk to the President. He faces a Katrina moment in his administration's handling of the Deepwater spill. And if the estimates of the true size of the leak become true, oil could be coming up for years, a easily documented political liability for incumbents which could utterly destroy Obama's chances of winning Florida. If the GOP were to put on its 2012 ticket a candidate with a decent environmental track record, it could easily win over enviromentalists, who might otherwise vote for Obama out of fear of what GOP leadership (read deregulation) could do.
Again, we the American people are left with a choice of lesser evils that seems to be eating away at the core of our representative democracy. The two-party system, rather than giving voters a means of holding politicians accountable is simply a revolving door through which corporate interest groups thrust substantially similar candidates at periodic intervals.
Subverting candidate choice here
I read that Congressman Hostettler has been appointed to run for "retiring" Senator Bayh's seat. Hostettler is strongly pro-life and pro-all new terrain I-69. The new I-69 would benefit construction companies who were top donors to the Hostettler's campaign. It would cost $2 billion in order to save 10 minutes of driving time from Terre Haute to Evansville.
Here in Indiana, Democrats were cheated out of a primary process by the timing of Evan Bayh's decision not to run. I found a good article on this in bloomingtonalternative.com. Steven Higgs writes:
One of two things happened here. Either Bayh did just reach a decision, in which case he's an impulsive quitter. Or, he knew all along and deliberately chose to circumvent state Democratic Primary voters.
The National Republican Senatorial Committee (NRSC) believes it was the latter. "It raises serious questions whether he purposefully timed his announcement to deny Hoosiers a voice in the political process," NRSC spokesman Brian Walsh said in a Feb. 17 news release.
Opednews editor Rob Kall has some similar thoughts on the matter in his poll here, where I commented twice. Kall's article on this perversion of the demoncratic process is here. Kall explains, "I don't think this was an accident. It was planned-- a conspiracy to take the Democratic process away from Indiana Democrats."
This whole subversion of democracy thing means that the Republic has been lost, I'm afraid. The choice of candidates has been stripped from Indiana voters and assigned to out-of-state political strategists. It's worth remembering that many of these Beltway consultants-for-hire were blamed for mismanaging many Democratic campaigns in 2004.
As you might suspect from reading this blog, I'm completely bearish on the US stock market. While I don't give investment advice, I have told you that I've invested exclusively in silver. Well, recently I've grown a little more bullish on alternative energy. Rather than just short our domestic market, I've put some of my very limited resources into a solar power concern.
Look at the tragedy in the Gulf, I think alternative energies are the ethical choice. As I've noted in the past over at my enviro-blog, coal and nuclear are very dirty and destructive, from the extractive phase all the way to disposal.
Duke Power is trying to build a massive coal plant not too far from Terre Haute, in Edwardsport, one which isn't needed to meet demand in the area. It will spew something like 2 million tons of CO2 into the atmosphere annually. Mercury will run in our streams. This doesn't include all the slurry dams that will break, mountaintops that will be removed, and miners who will die as a result of inadequate safety.
I guess the lesson here is that they'll get away with everything we let them get away with. I'll close with this Fredrick Douglass quote:
"Find out what any people will quietly submit to and you have found out the exact measure of injustice and wrong that will be imposed on them."