WakeUp 2010: Make BP Pay Not Only For The Oil Spill but For United States National Debt

Wednesday, May 26, 2010

Make BP Pay Not Only For The Oil Spill but For United States National Debt

Now Is The Time To Make BP Pay. Not Only For The Oil Spill but For United States National Debt.

Written by therev

Wednesday, 26 May 2010 14:44

What is worse? To make all people suffer from the National Deficits the US has incurred from poor management to the Lackey Political Process that has only increased our debts since WWII? Or to make this foreign company BP agree to accept US debt on its books as a means of payment for their wrecking the Southern half of the United States Coastline! I would say that is a fair fine for them to pay. Afterall it is the Oil Companies anyway who control the Banks, and who control the levers of the economic growth in all the States in the US. People either make it or go bust, because of the Oil Company hold over the prices for fuel. I will never believe that free market prices establish the price for fuel in the US. It all depends on the needs of the people running those Oil Companies to where they want to promote economic activity.

They never thought there would be an Oil gusher mishap a mile under the ocean waters? And this has been going on now for over a month. BP makes $10-15B in profits per year. That is more than enough over a 30-50 year period to take and pay off the National Debt. Myself I have no faith that BP can do anything that will cleanup the mess. The only thing they can do is pay other people to clean it up. If British Petroleum becomes that Toxic Bank Tim Geithner and Ben Bernake were talking about earlier during the Bank Bailout, then we have a way to move all toxic assets out of the banks and they are owned by BP.

We can be dormant and not go after this, or we can insist to the President that instead of looking at this as a bad thing...and believe me it is tough. Because it is a terribly bad thing, or we can use the situation to our American Benefit.

This Opportunity does not come along everyday, and especially during thiese terrible economic times. Instead of the StockMarket tanking because of the trouble in Europe and the Euro debt, the US can become debt free, by shifting it's public debt to BP a Private Oil Consortiuum. This would do some very good things for the US. Europe would have a place to start investing, and that would be in the US again. The creation of many jobs in cleaning up the ocean and coastline, and a literally clean slate to revive the economy.

Do not tell me, this is not a possible means to do, or go after. In fact it would assure Obama's reelection in 2012. I hope people who read and see this will speak up to the President and Senators to have them do this.