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  • As ATP Oil Files For Bankruptcy, CEO Blames Obama For Company's Collapse

    08/18/2012 12:35:31 PM PDT · by mojito · 15 replies
    Forbes ^ | 8/18/2012 | Christopher Helman
    When I get Paul Bulmahn on the phone rumors are swirling that he’s just days from putting his company, ATP Oil & Gas, into Chapter 11. He can’t confirm it yet, but he wants to make one thing perfectly clear: If it does come to bankruptcy (which it did on August 17) it isn’t his fault. The founder and chairman of publicly traded ATP (Nasdaq:ATPG), Bulmahn wants the world to know that the Obama Administration—and its illegal ban on deepwater drilling in the wake of the BP disaster—is to blame for the implosion of his company. Not him. “It is...
  • Henninger: America's Two Economies ( Must Read )

    07/26/2012 11:15:51 AM PDT · by mojito · 17 replies
    WSJ ^ | 7/25/2012 | Daniel Henninger
    For a long time, the United States had one economy. Now we have two economies that compete for America's wealth: A private economy and a public economy. The 2012 election will decide which will be subordinate to the other. One economy will lead. The other will follow. How the U.S. arrived at the need to choose between two competing economies reveals a lot about the political polarization in the country. Any history of the Democratic Party in the 20th century will recognize its roots in the American labor movement. The party was defined by the names of those unions. The...