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Obama and BP at Risk Over Oil Spill
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The handling of the oil spill by the Obama administration threatens to permanently affect the image of the Obama administration. There may be a spillover effect from BP's ineptness that draws in Obama's and Interior Secretary Ken Salazar's handling of the crisis. The Obama administration relied too much on BP to bring an end to the crisis. And it has not articulated aclear policy for regulation of technologically sophisticated industries like investment banking, deepwater oil drilling and other industries of this type where alot can go wrong. Tough inspections are needed in these industries and strict regulation for the proper operation of capitalism. Financial regulatory reform bills in Congress also have suffered from being whittled down so that strict regulation is far from being a reality to avoid future crises.
Impact of Deepwater Horizon rig oil spill in Gulf of Mexico on BP.
04/29/2010
Costs to BP. Origins of the problem. Public opinion in the USA.
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Wall Street Journal 05/01/2010
The failure of the Obama administration to respond adequately to the BP Oil Spill in Gulf waters.
05/27/2010
Slow, indecisive action by government agencies and relying too much on a failed BP approach.
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Obama and the Dreaded Katrina Comparison
BusinessWeek 05/27/2010
In Gulf, It Was Unclear Who Was in Charge of Rig
New York Times 06/05/2010
A Disaster Reaches Beyond the Gulf Coast
New York Times 06/04/2010
Another Torrent BP Works to Stem: Its C.E.O.
New York Times 06/03/2010
Obama and BP at Risk Over Oil Spill
BusinessWeek 06/03/2010
Charlie Rose Talks to Vice-President Joe Biden
BusinessWeek 06/03/2010
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