Water Hazard A Top Flite Crisis

Everyone from Foghorn Leghorn to Wile E. Coyote recognizes we have a economical, environmental and ecological catastrophe taking place in the Gulf of Mexico with this oil spill.

While BP certainly appears to be criminally negligent and throwing darts on what to do regarding the capping of the well and and the cleanup efforts, they are not alone. Our Federal Government is failing miserably as well, led by our inexperienced leader Barack Obama and his team of librarians, professors, authors and global warming alarmists. Conspicuously missing from the team is anyone with any experience in offshore drilling, or running a business for that matter. Although Obama has reached out to Hollywood director James Cameron and actor Leonardo DeCaprio (???) for their vast experience, if he had to engage the entertainment community he could have called country singer Trace Adkins, who actually worked on these rigs.

But no problem. “I will not rest until the leak was stopped“ Obama said on May 14, 2010 as reported by Gateway Pundit.



Not the least bit embarrassed, Obama continues to take in entertainment in various forms while untold damage continues to evolve in the gulf coast. Just this weekend, Obama found time to golf with VP Joe Biden ( could not one of these idiots even act like they are attempting to solve the problem ) and take in a Washington Nationals baseball game. Meanwhile, LA Governor Bobby Jindal continues to battle the Federal Government in his effort to contain the oil.



One would think most all Americans are torqued at the incompetence of our government in the slow and weak response to this crisis, from the inability to establish a chain of command to the Coast Guard checking oil skimmers for life jackets. Even with a news media cheering Obama on, it is quite obvious he is in the weeds on this. But in an incredible demonstration of media bias, note the Washington Post, who threw out this opening paragraph to an article: "After hunkering down for several weeks to deal with the oil spill, President Obama finally made it out of the house for some fun - and showed up at the Nationals game on Friday night."

Hunkering down? Are you trying to fricking kid me? What a terrible insult to Larry Munson and the junkyard Dawg defense of the Georgia Bulldogs, and all Americans for that matter. Between the concerts, campaign stops, the NBA Finals, several rounds of golf, Broadway plays, knocking back a few cold ones and attending baseball games, Obama begrudgingly had to take time to deal with this spill. Our citizens along the gulf coast have had their lives perhaps forever altered negatively and our President thinks it is a good opportunity to push cap and trade. By the way, did the administration know how vulnerable this rig was?

Did I mention the oil is still gushing? Not only is the leak still gushing, containment efforts are holding serve at best, no thanks to Obama, and the damage is adding up quickly, certain to exceed the market cap of BP. Additional potential issues, health concerns, the spill hitting Florida's beaches to oil impacting shipping up the Mississippi River, remain. And dare I even mention the Doomsday scenario being discussed?

Left Looney on Economics

The James Madison Institute reports on the Economic Literacy of Progressives and finds exactly what you might expect, a train wreck.

George Mason University Professor Daniel Klein and Zogby researcher Zeljka Buturovic surveyed 4,835 American adults on eight questions about basic economics. They also asked each of the respondents about their political leanings, grouping them into six categories: progressive/very liberal; liberal; moderate; conservative; very conservative; and libertarian. They wrote about their findings in The Wall Street Journal.

As Klein asserts, “The left has trouble squaring economic thinking with their political psychology, morals, and aesthetics.”

If you are like me, you run into this thinking everyday. If you take for example our current economic crisis, spearheaded in large measure by decades of socialist programs, most with good intentions, which are geared to assist fellow citizens, you find governmental initiatives that end up being entitlement programs that are drowning our financial system and placing Uncle Sam at the doorstep of bankruptcy. Going green, presented as a worthwhile effort to protect the environment masquerading as a global transfer of wealth, is a prime example of this. Current legislation proposed as the cap and trade bill, if voted into law, will likely be the event that does bankrupt the ole USA.

“We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice"
-F.A. Hayek

We recently had an example of a progressive politician, who really demonstrated what the study identified. Get a load of this recent interview on FOX News Neil Cavuto and Vermont Representative Peter Welch, and must I qualify that he is a Democrat:



That was brutal. Cavuto finally recognized that the progressives are lost in an economic sea. The Congressman simply cannot comprehend what the elimination of the dividends of British Petroleum (BP:NYSE) and other oil related companies would do to the pensions to most Americans.

So with a handful of economic idiots running things in Washington, what can we expect going forward in the marketplace? The worst is behind us according to President Barack Obama. Dr. Arthur Laffer, former economic advisor to President Ronald Reagan, penned an article for The Wall Street Journal that is raising quite a few eyebrows among those on the periphery of the investor community. Art Laffer's colleague, Steve Moore of The Wall Street Journal, weighs in and you better sit down for this one.



Dr. Laffer has put this conclusion forward for a few months now, and when you couple the Gulf Oil Spill, an economic and environmental of unmeasurable magnitude, you put in some sell stops. You may still have some time for trades, but you have been warned.

Dereliction of Duty

As the oil continues to gush from the collapse of the Deep Horizon oil rig in the Gulf of Mexico, President Obama sits down with Matt Lauer of The Today Show to express his anger:



Obama indicates he is not talking to experts in some sort of college seminar, which is a major departure from how he has governed throughout, but looking to identify whose ass to kick. After BP CEO Tony Hayward, perhaps a mirror would be useful. Pamela Gellar of Atlas Shrugs agrees

The continued insistence that the administration has been on top of things is deceitful. Here on the blog I hammered Obama on this and among others, Investors Business Daily has followed up. From The New Zeal comes this video:



Unfortunately, while Obama is looking to kick someones ass, the environmental and economic fallout of this spill are almost immeasurable. What is needed immediately is leadership, as the implications of this going forward appear catastrophic.

A report from Texas A&M outlined by CNN Money tells a dire tale of the economic impact. The four biggest industries in the Gulf of Mexico are oil, tourism, fishing and shipping, and they account for some $234 billion in economic activity each year, according to a 2007 study done by regional scholars and published by Texas A&M University Press. In the Gulf, each of these industries have perhaps been dealt a fatal blow. We all might get hit if the oil travels around Florida and up the eastern seaboard. And what if the inlet to enter The Mighty Mississippi is compromised and shut down shipping?

When you think about it, this is beyond alarming and comes at a horrendous time economically, given this administration has escalated our nations debt to unsustainable levels. This kind of unforeseen disaster presents the kind of problem a prudent government would consider borrowing to assist, not pushing thorough a partisan health care bill 63% of Americans want repealed while tripling debt levels.

The world appears on fire, and the idiotic decisions being made by this administration on just about every front makes the case for a dereliction of duty by our elected leadership and leave this nation in great peril. When a disaster of the the magnitude of the Gulf Oil Spill is added to the mix, perhaps forecasting a double dip recession, this country is left quite vulnerable. Don't think for a moment we are not the only folks who recognize it.

Diary of a Wimpy President

Americans are watching with extreme sadness the effects of the ongoing BP oil spill in the Gulf of Mexico. Unfortunately, the Obama administration is treating the spill as a political event and not the economic and environmental catastrophe that it is for America. It is immoral for our government to not treat this spill as an emergency extending every imaginable effort to plug the hole and contain the spill.

There will be time for pointing fingers, but in thinking how our President ran off at the mouth at every opportunity to berate George W. Bush during the response to Hurricane Katrina, his response to this spill as our Commander and Chief is appalling.

Reflect back to Obama running his mouth:



Amongst all the basketball games and concerts, even some of the strongest supporters of the anointed one have called his competence into question, including Peggy Noonan and James Carville.



HT/GatewayPundit

The areas of Louisiana, Alabama and Mississippi are already unnecessarily damaged, and Florida is next. What is immediately needed is some leadership, something that is quite obviously lacking with President Obama. Leadership is something America's Mayor knows something about, and he indicates that the response to the spill by Obama has been horrendous. Take a listen:



As the good ole boys often say heading down the backstretch; lead, follow or get out the way! Louisiana Governor Bobby Jindal should have sideswiped Obama and gotten busy weeks ago on his strategy, letting the chips fall where they may. Florida Governor Charlie Crist had better urgently get to work as well. Someone needs to display some intelligent leadership immediately. Our President, who is busy engaging in sports, partying, concerts and assisting political partners while the oil just keeps gushing, is seriously lacking in leadership and given his propensity to blame everyone else for the problems, is a wimp.

Entries in many diaries, and/or blogs, will document this disgraceful behavior during a real American crisis. Think folks are pissed now, wait until the economic effect of this , along with all the other moronic economic decisions, becomes apparent in the form a double dip recession.