Here’s some interesting information about the government and the oil spill from Mario Rizzo at the ThinkMarkets blog.
When I was a kid, most stores had a policy policy about broken merchandise, “You break it, you buy it.” This didn’t prevent all things from being handled carelessly, but it sure saved a lot of damage because it made clear who was responsible. Those responsible parties took greater care in handling the merchandise.
This applies here. BP broke it. BP buys it. That means stopping the leak and cleaning up the mess it has caused.
But, that doesn’t mean that the government should get a free pass. That would be like letting an accomplice to a crime off. A good example of how the government has already failed us and yet we seem to want to entrust it with even more responsibility as if that will fix everything.