Democrats Plan To Destroy BP

6/9/10 | Vanity

[Williams]

BP should be responsible for every penny of clean up and containment, even criminal liability if appropriate. But we're seeing Obama and the democrats out to destroy the company, an effort which can only hurt BP's ability to pay for the cleanup, and which is devastating to investors, retirement funds, and the economy.

As Obama talks about "kicking ass" and now demands BP stop paying dividends, the company's share value is plummeting in a death spiral.

BP started this crisis with tens of billions in cash and a strong revenue stream. All the politicians are doing is destroying investors' savings and weakening the company that is needed to pay for all this. They're also threatening future oil production in the gulf.

I've read that BP may split off the operations that are responsible for the leak, meaning the responsible entity will be much smaller and much less capable of paying for the clean up and damages. That can't be good for America.

I understand the politics and anger behind this but let's remember we need the offshore oil for our energy, although Obama doesn't think so. We also need a strong oil industry for exploration and development. It makes no sense to destroy BP, and certainly not to do so until after the full bill is known and paid.

[Ancient Drive]

that’s all they know how to do. destroy things. I can’t wait for Nov.

[GOPJ]

Mutual funds with BP stock should be moved - I suspect dems will be able to destroy BP. Dems can’t build sh^t - but they’ve got destruction down pat...

[DarthVader]

This is the reason that the Democrat party must not only beaten but destroyed.

[HushTX]

We have the money to give to Hammas, but not to clean up this mess?

How can they destroy a British owned company? It’s not like they can seize their assets since it’s not an American company. Are we so globalized that that doesn’t matter anymore?

[rockinqsranch]

Dems suck up everything in their path, and discharge nothing of value. Not even for fertilizer.

[2banana]

BP is a British Company. It employs thousands of British citizens and pays billions in British taxes.

If 0bama keeps pushing, expect a call from the Prime Minister of Britain to lay off (imagine Britain trying to bankrupt an American company like GE or Exxon). The PM has alot of leverage, including thousands of British troops in Afghanistan that he can order home.

[griswold3]

Proof the ‘progressives’ are anti business. You’d think they’d want a viable entity that could fulfill their responsiblities.

[GeronL]

You know, BP has been sucking up to the left and eco-weenies for years and years. Where did that get them?

[scooby321]

New Jersey Retirement fund alone owns 39 million shares.

[wastoute]

It’s all about “redistributing the wealth”. To give to others they have to first take it away from some...

[Williams]

What they are doing is driving down the price of BP. Eventually the company will be taken over because its stock price is so low, but first the buyer will want the responsible parts of BP split off and left behind. Or BP itself will do that to control liability.

All the threats are destroying the very entity needed to pay for the clean up. I wonder how Britain feels about what was their largest company being driven into the ground.

[depressed in 06]

Why should BP be the exception?

[Hans]

Democrats destroy everything they touch.
It is long past the time when they should have been sent packing. The way one sends dangerous people back under their rocks is to scare the wits out of them. The task for this week is to think up legal ways to frighten lefties out of their socks.

[McGruff]

Are you using too big to fail logic? If they did something irresponsible let them pay. I thought I saw an article that they were responsible for like 90% of the violations of related regulations or something like that. Should have bookmarked that thread.

[FrankR]

Democrats/progressives/socialist/communists/islam...whatever you want to call them, are children.

Tempermental, spoiled, intellectually challenged children. They talk like children, they think like children, they interact with others like children, and they want all the candy without any of the responsibility.

The enablers - the adults - are so busy trying to be politically correct, the children are becoming delinquents.

THAT is where the ass-kicking needs to be focused...

[Redleg Duke]

The turtle and the scorpion.

This should serve as a warning to any business considering providing campaign donations to any leftist.

[rintense]

And how does the American government plan on destroying a foreign company?

[swarthyguy]

BP has destroyed itself.

[McGruff]

Found it. BP's Horrible Safety Record: It's Got 760 OSHA Fines, Exxon Has Just 1. Let them burn.