BP Attacks America

There are two basic strategies to prevent these disasters caused by corporate or governmental incompetence:

1. Write and enforce effective regulations to minimize the risks and to adjust risks and rewards in a cost-effective fashion.

2. Impose accountability upon responsible parties, whether they are government officials, business executives, or any other decisionmakers.

Both ought to be followed. Natheless, as was the case with the financial meltdown, we have utterly failed to pursue either of these strategies.

Result: America is robbed blind by the Wall Street barons, leading to the election of Mr. Change--then, the oil barons destroy an ocean, with all the environmental, commercial, and cultural treasure that ocean once supported.

We've done nothing on financial meltdown risk-mitigation. How likely is it that anything will be done to ward off future oil spills?

Compared to Bush and Katrina, Obama has played the PR side more conscientiously--but, he has displayed even more incompetence than Bush. And, to me, this is a much more serious affair than Katrina was. BP looks absolutely abominable in their management of this crisis, with their endless stream of lies and continuous incompetence.