To listen to President Obama tell it everyone from BP to the auto industry, Wall Street and the health insurance companies are all against him, him being the government. As Daniel Henninger spells it out in this morning's Wall Street Journal he's making it personal. It's a glimpse into the mind of a man who seems increasingly angry. In the President of the United States, I'm finding it uncomfortable, to say the least.
Laws seem to be of little interest to him when he decides to take action. There is no law supporting his demand of British Petroleum and when the White House was asked, the questioners were told no law was necessary. There was no law to support his firing the President of GM.
We're going in the wrong direction here. It's not just the administration, nor just this one, but this one is the one in power. Include Congress. Of what possible value is today's grilling of Tony Hayward other than to allow the panel to posture and humiliate Mr. Hayward. Well, one thing it did do was, as usual, showcase the lack of knowledge Congressmen have about the issues at hand.
Yet they must be seen to be doing something. This is where we have a graphic example of just why the President's quest for bigger government is a flawed idea! The Coast Guard, Corp of Engineers, Salazar and Napolitano have done little but stumble all over one another. The end result is chaos.
At the head of the table sits the President. "Put a six month moratorium on all deep water drilling! BP can't pay their dividends! I'm tough. I'm in charge."
Whoa Nelly! Was any thought given to the consequences? Dividends are not like executive bonuses, for crying out loud. They go to investors, many of which are pension funds. Even rich ones like Obama's unions could be hurt.
As for the moratorium on drilling, an lot of jobs for those suffering Gulf states go away. It isn't the tourism business or fishing that generates the big bucks. It's oil . It isn't call it black gold for nothing. There is one other kicker. Other oil companies aren't going to let those rigs sit idle for six months. They'll be moved and just try getting them back. In truth I don't think Obama cares. I don't think he wants them.
The other kicker is how the world views all of this. We had dinner with friends from England last week and they had no kind words to say about our President and his ways. Companies considering U.S. operations may think twice. They see how he's treated the auto industry, banks and Wall Street. How health care was ramrodded through. They see how he's treated Toyota yet what have you heard about the recent recalls at GM? Is Obama Motors exempt from the press? They're looking at this BP business and thinking maybe not.
The President made a point of apologizing for all sins American from years past on a world wide tour. Who's going to apologize for what he and his Congress are doing to us?