Thursday, July 8, 2010

Some Are Actually Defending BP

Lately we seem to have a bunch of self appointed morons who think that because they graduated with a MBA, they know everything about everything. You don't. As a matter of fact just about everyone I know with a master's in anything are usually kind of thick. I apologize to any readers out there with one but a lot of people agree with me on this and have even coined the word MBAtards. Having watched people like this fuck up the entertainment industry single handily, (the music industry is on its last legs) you can hardly blame us for not listening to you anymore.
But the MBA's strike again with their tone deaf rhetoric on such topics as cuts in spending (Horrible idea), raising the taxes on the middle class, (recipe for revolution/depression), and GASP, defense of BP by such winners as Rand Paul and Rush Limbaugh. They say there is no such thing as too much profit. Are you HIGH? Too much profit causes high prices on things like oil or medication which in of itself brings more and more hardship on the average worker as prices are driven up. Too much profit equals economic problems, especially when the industries band together to make sure the prices are kept higher than they should. Diamonds are plentiful and cheap. The only reason they are so expensive as that a handful of people control the supply. They short it, raising prices exponentially. And all that money that could have gone into another area of the economy is forced into the diamond suppliers, thus the rise in profits and a drain on the economic system as a whole. So point one, there is such a thing as too much profit.
The second point being made is that BP and like companies make money for other people, like the guy who works at the station, the shipping companies, the railroads, investors, etc. So do drug dealers. Illegal drugs are a trillion dollar business. The amount of money they pump into the economy is huge. By this logic, any business that makes a profit is good for society. Would you be okay with child porn being sold as that is a billion dollar business? Of course not. Just because a company makes lots of money doesn't mean it a good thing. So point two, just because you make money other people depend on, doesn't make it right.
As for the investors, particularly British pension holders, who lost their shirts, that's the meaning of the word risk. The stock market is not guaranteed money. It's no better than the casino, worse if you're an average Joe. Senators made 12% profit in the 90's, business 6% and the average Joe-1.7%. Thus the reason I support a Constitutional amendment that would disallow anybody serving in the federal government, particularly that of members of Congress, the President, or the Supreme Court from owning any stock in any company. The insider trading that goes on here is just too prevalent.
Does BP deserve most of the blame? Yes. But the MMS also gets some scorn for their way to cozy relationship with the companies they were supposed to regulate. However these types of new regulations have hit Republican scorn (surprise) who basically want us to live in oily goodness. These fuckers should be thrown face first into the gulf and then light a match.
BP should be seized, the top brass arrested, and the company sold at auction with the government as partial owners, with all the profits going to the clean up (minus the profits to the partner.) In this way everyone wins.

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