Off-Topic: More bad economic news.....sigh......
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Name:
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MartiniMan
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Subject:
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More bad economic news.....sigh......
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Date:
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6/18/2010 9:11:43 AM
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Yes it would make me feel better if BP were responsible for doling out the $20B. And you never answered my question as to how this was "voluntary" when all evidence and the statements of your beloved government directly contradict you. Your animosity toward business would be much appreciated in D.C. these days, at least until November.
As for sympathy, no one is looking for you to be sympathetic toward BP. I have no sympathy for them. They made a series of decisions that led to this disaster and they will have to pay. I do have sympathy toward all those pensioners that rely on the dividend for their living expenses. And I have sympathy for the shareholders that have BP stock in their 401k and IRA that have lost tens of billions of dollars in value. I have sympathy for businesses and individuals that will lose their jobs because of this accident and the government's response to it. What I don't want to have happen in the interests of scoring political points, our federal government, either through the ineptness of Obama or the avarice of Congress, to drive BP out of business. If they do that then the taxpayers will be picking up the bill. The best thing that can happen is for BP to continue to operate successfully so they can have the cash to pay for this mess. Any desire by anyone to the contrary is just plain stupid on their part.
You act like suspending the dividend is a good thing because it "hurts BP". How can you be so economically illiterate? It doesn't hurt the company because a company can't feel pain or sorrow for halting the dividend. Who it hurts are real people just like you and I. The vast majority of them (99.999%) had absolutely nothing to do with any of these decisions that were made. It hurts their employees who are just trying to get up every day and do their jobs and make a living. It hurts hard working Americans that own BP stations that have lost customers. It hurts the millions of shareholders, many of whom rely on the dividend to pay for food, medicine, shelter, transportation, etc. Ultimately it will hurt every single American that will be forced to pay higher gas prices if Obama is successful in once again using a good crisis to implement his economy-destroying cap and tax scheme. You see a corporation is is not a separate entity distinct from the employees and shareholders. It is an amalgamation of people, honest, hard working folks like you and me that have banded together pursue a business objective or purpose. If that business fails or falters it is those people who are hurt, not the "company". Maybe you are so angry at the "company" that you could care less what happens to those people but I am never going to agree with that kind of callousness.
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