Wow, It’s Like Deja Vu

3 comments May 6th, 2010at 11:58am Posted by Eli

So let me see… willful lack of government oversight enables risky and negligent practices, which inevitably lead to a massively devastating and costly catastrophe which everyone involved claims was completely impossible to foresee.

Why does this sound so familiar?

I guess the next step is a lot of tough talk and posturing about stronger regulations by Congress and Obama, which will eventually get watered down to nothing more than window dressing after an all-out industry lobbying campaign.

Entry Filed under: Corruption/Cronyism,Economy,Environment

3 Comments

  • 1. four legs good  |  May 7th, 2010 at 12:33 am

    That’s a little unfair – Obama actually really likes him so tough regulations and has quietly done quite a bit behind the scenes at the EPA, etc. etc. Phila often has tales on his weekly “good news” post at his blog.

    But sure, the industry will certainly try to water things down. I don’t think it will work this time.

  • 2. Eli  |  May 7th, 2010 at 1:09 pm

    So why is he opposed to auditing the Fed (not to mention the public option)? And why was it his administration that gave BP a waiver on the oil rig that ended up exploding? I have absolutely zero faith in Obama’s willingness to do the right thing where corporate interests are concerned. He may do so every once in a while, particularly on a small scale, but if he faces a big lobbying push, he folds.

  • 3. Multi Medium » No! &hellip  |  May 10th, 2010 at 7:01 am

    […] No one could have anticipated… […]


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