34 responses to “Ron Paul: No Taxpayer Bailouts or Liability Caps for BP!”

  1. mhergh

    Well, I expected the assertions to be much more concrete in showing where are the taxpayers money in this thing.

    Nothing of that, so that I will conclude that it is just another politic buzz to overcapitalize on a catastrophic situation.

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  2. Cabot

    Regardless of which company is handling a drilling project, deep water oil drilling carries an inherent risk. Should that risk materialise, investors have now seen a political willingness to use rhetoric to rescue political kudos coupled with arm twisting to seize assets. What oil company would be daft enough to invest in future exploration in the gulf, if the price of a mistake is to have your company and its shareholders effectively raped? For an oil-guzzling nation like the US, the future price in terms of energy security could be huge if, even as they encourage companies to undertake deep-water drilling in order to benefit from the oil tax revenues, jobs and energy security, they refuse to accept the reality of the associated risk, instead dumping its entirety on the shoulders of shareholders.

    If politicians gets the balance wrong between the public emoting demanded of them, and pragmatic realism, BP could end up fatally damaged by a combination of politically motivated revenge and a capricious legal system (and a public) that demands punitive damages. If this happens, the global oil industry will undoubtedly capitulate any further investment in an oil-rich gulf and oil prices could spike to ridiculous, job destroying, levels.

    I guess I’m saying it’s right that BP have already (voluntarily) relinquished their rights to limit their liabilities under the existing law, but there are dangers inherent in allowing the ‘mob’ to set policy. Those dangers are compounded when politicians play to a populist gallery.

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  3. gingowitch

    I think all US politics is BS unless they start to address criminal circumcision IMMEDIATELy and BAN IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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  4. dontblockmedk

    We could have geothermal electricity plants all over the world capable of producing ALL the electricity the world needs for 1000s years.

    And we now have battery technology that allows us to produce electric cars that are clean, long distance, fast, etc.

    But all cars STILL use 100 year old technology, and we STILL use oil extensively, WHY. Because capitalism REQUIRES cyclical consumption and false scarcity to maximize profit PERIOD.

    http://www.youtube.com/watch?v=YxPPnCW6sMo
    http://www.youtube.com/watch?v=yPmHaTirnCc

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  5. ImQuickGinger

    Most people do not understand the fact that this IS the governments fault. What the hell is/was the MMS doing handing out permits to this company? The government FAILS at everything that it does. The problem is that oil companies along with banks and insurance companies, own the government. It is time for the people to rise up.

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  6. MoneyIsSilver

    Sometimes I think Ron is actually an anarchist.

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  7. Bottomline

    Like I said before BP was one of the companies that donated their money for the Obama campaign. & Obama will say that “we must bail out them before it’s the end of the world.” Just more lies from the federal government pretending to be concern! & Government is ineffective anyway.

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  8. mbhopp

    Turns out now that BP and MMS have been battling this since Feburary and both took the risk and did NOT shut it down. They are both at fault. Saw it on Bloomburg, FOX and Hot Air.
    Of course the dems in the house grilling Tony H of BP is just the gov’t attempting to cover their own asses. Both are now working together to do just that as they both look and are inept.

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  9. mbhopp

    BP was way out of line & a complete failure. We don’t need more gov’t b/c of red tape. We need other private citizens to watch BP. People in LA knew what they needed to clean up & couldn’t get it b/c of red tape. You’ll never prevent all accidents, u can’t control everything…at least not if you want a FREE society!

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  10. selfrealizedexile

    Few are debating minutia points on how bad it is. The point is we’re gonna make it even worse if we learn from this that we need more gov’t control and oversight.

    I profusely encourage you to watch this video so you can see where I’m coming from. I’m not an apologist for BP, but I’m not an advocate of gov’t.

    http://www.youtube.com/watch?v=XMxgYY_q-AI

    (True) Free Market Environmentalism–needed now more than ever.

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  11. Kyocus

    Remember that Corporations have been declared as people. The idea that the Government should take ownership of BP is EXACTLY the same as holding a MAN or Woman Slave because they owe money, or have committed a crime. Please do not consider things from a view that the President has dictatorial power this is a dangerous mind set. The Courts where made to handle such issues. Common Law would say that IF any Person, or their Property is damaged then the responsible party should compensate

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  12. selfrealizedexile

    @katey1dog

    Short story: Ralph Nader doesn’t completely understand environmental or labor economics.

    Did you look at that video I sent you? It contains the structural logic for a free market in environmentalism as you and I might advocate for the majority of all other property and why gov’t fundamentally can’t protect anything (and I mean anything) as well as the private sector.

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  13. selfrealizedexile

    @katey1dog

    You’re seriously considering the thought of revenue existing with something gov’t run? Is this a magical gov’t that was hidden throughout all of economic history?

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  14. selfrealizedexile

    @katey1dog

    With respect, you don’t exactly lend yourself to charitable interpretation, particularly if you don’t distinguish profit by lobbying the gov’t at the expense of the consumer and profit done voluntarily.

    Does the U.S. Federal gov’t lead your investigation? If so, count on the part where they were an accomplice in the crime to be left unwritten.

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  15. selfrealizedexile

    It’s basically understood Ron Paul will run for President in 2012; he’s probably just not wanting to mention it until after the 2010 Congressional elections so that his constituents don’t think he’s forgeting them for the lime light.

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  16. katey1dog

    @selfrealizedexile

    I’ll subscribe to Mr. Napolitano on Constitutional issues. I’ll subscribe to Ralph Nader for worker safety and environmental protection.

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  17. katey1dog

    @mbhopp

    I’m not demonizing profit. As one Congressman stated, BP had well over 700 violations of laws designed SPECIFICALLY to prevent these deaths and the destruction of the coast.

    Now, what needs to be done is punishment. If jail time is not an option, Obama needs to Nationalize ALL of BP’s American holdings. Taxes may in actuality go down, since those holdings can produce billions of oil revenue.

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  18. Kyocus

    @Psychosmurf547 It is obviously true that a person can relinquish their rights and become a slave. Worse yet many Americans have been forced into slavery and bondage against their will.. Just look at our prison system. It is not a question of “what is possible” but “What abilities and powers do you want your Government to have above you?”.

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  19. katey1dog

    @selfrealizedexile

    Did I say PROFIT was evil? I’m not even implying that. All I wish to see is the investigation of one the greatest crimes against nature since Chernobyl.

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  20. katey1dog

    The spill is currently dumping 2.5 million gallons of crude into the sea every day.

    Valdez was nothing compared to this. Valdez was only a leak in a ship.

    BP Oil Spill Now Worst in U.S. History, Surpassing Exxon Valdez (ABCNEWS)

    256,200,000 Million gallons of oil have currenly leaked into the ocean and currently may surpass 300 million. Greater than the Lakeview Gusher

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  21. ForTehNguyen

    Valdez was #34 in largest oil spills in history just to give perspective.

    The #1 oil spill was in the Gulf War when oil was 5 inches thick in the persian gulf. Later something funny happened 1/2 of the oil evaporated because of the heat and middle east oil is the light sweet stuff that breaks down easily. The Gulf oil that is spilling now is similar. We are lucky this isnt the thick nasty black tar stuff like Valdez spilled that stuff doesnt go away as easily

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  22. Firebirrd85

    Ron’s wife said he IS going to run in 2012 but he’s not announcing it right now. Search on youtube for the 2 hippie guys who did the interview.

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  23. ekid2k

    Obvious solution is obvious, why isn’t this guy president?

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  24. bearhuntaa

    Ron Paul is my president.

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  25. sexylady2584

    The one and only Ron Paul you are our hero and you are the true man.
    this world would have been much better if we had more people like you.

    god bless you

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  26. cagedtigersteve

    Drill Baby Drill!!!!!

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  27. mbhopp

    @Uwiluz60
    Turns out now that BP and MMS have been battling this since Feburary and both took the risk and did NOT shut it down. They are both at fault. Saw it on Bloomburg, FOX and Hot Air.
    Of course the dems in the house grilling Tony H of BP is just the gov’t attempting to cover their own asses. Both are now working together to do just that as they both look and are inept.

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  28. mbhopp

    @katey1dog Keep demonizing profit and we’ll be the USSR at some point. There is nothing wrong with profit, without it nobody would even work because there wouldn’t be a reason to.
    BP was way out of line & a complete failure. We don’t need more gov’t b/c of red tape. We need other private citizens to watch BP. People in LA knew what they needed to clean up & couldn’t get it b/c of red tape. You’ll never prevent all accidents, u can’t control everything…at least not if you want a FREE society!

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  29. VMATT500C

    Our Fed. Government sucks, for the tax paying middle class. This is not about party, it’s systematic attacks on the central American core, Throw the BUMS OUT.
    Thanks RON PAUL.

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  30. ihatemexico

    Great, here come the carbon taxes.. All part of their plan all along.

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  31. Uwiluz60

    Ron Paul is right on…As most of the time…I do fell the government could have allowed more help much sooner on this to help contain it better..I just wonder how the media and world response would have been if this happen under Bush ? It really shows the bias that exists.

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  32. greenii44

    Obama and Emanuel are loving this oil screw up/set up , now carbon tax is on its way

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  33. nathuwjohn

    The largest companies will be able to afford disasters,while small companies will be financially ruined. Please government, you do not have to save us from small businesses. Unfortunately alot of people are falling for this fascist lie.

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  34. katey1dog

    This is something taxpayers will eventually pay for in the long run. Not in undo taxation, but in profits lost.

    Obama must gut BP. Take a very rusty, dull blade, open up BP’s belly, and let the cash flow.

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