Senate Republicans block the raising of liability caps for Oil Company's

Andy, look at this from the people who make a living off of this area, and have so for decades. How would you like it if Barack Obama destroyed the company that you work for, and it might take years, if not decades to recover? That is what has happened here, and it will cost hundreds of times more than $75 Million to cover all of the loses. I understand that we all will pay for this, but that doesn't mean that it shouldn't be done. We are all paying for Bush's two wars, and will for decades, if you agreed with Bush or not.

Occur to me? I know exactly where it will come from and yes we will pay for it one way or another unless of course our politicians step up and do their jobs. I used to contract to Exxon and the amount of what they get away with is directly related to how much they pay the politicians. Our government will not only end up paying for this mess but will then give them a tax break for their expenses and lost oil. Clinton and Bush were both corporate w-hore's, they both gave away the country in the name of making money. Alaska's bay is still not back to normal, can we really afford to loose a major part of our enviroment every few years??

There is no other place isn't going to come from TTCCWW. You'll either pay for it through taxes, or pay for it through gas prices. Either way, you'll pay for it whether the politicians step up and do their jobs or not. Further, you claim that Bush and Clinton, were corporate w-hores. But who are the corporations? We are. The American people are the corporations. I work for a corporation. Most people work for a corporation. Further, most people have their retirement funds tied up in corporations. As part of my own personal 401K I have stock in Exxon and DuPont and many other large corporation. It's a wise investment. So when you think government should smack down these corporations, realize that what you are really saying is, government should screw over the American people by ruining jobs and destroying peoples retirement. I want my government to be a corporate w-hore. Provides me jobs, and saves for retirement. -thegreatdebater What does the war against terrorism, and an oil spill, have to do with each other? Nothing. The wars were right, and necessary. The job of the federal government, first and foremost, is protection of the country. If there's anything the government SHOULD be spending money on, it's this. As for the clean up, I totally agree. I don't have a problem with spending some money for clean up. Nor do I have a problem with making the companies pay for that clean up. In fact, more than 70% of the money spent cleaning up superfund sites, is from private companies. That's good. The problem is, if we raise the liability rate for oil spills to nearly unlimited amounts, the fact is most companies will not risk making wells. The problem is, it would cause a defacto monopoly by the largest company to make wells, because no one else will try it. That's a bad plan. Are you in favor of a government created monopoly? Of course not. Further, the damage caused by oil is greatly overstated. Back to Alaska and the Exxon spill. One thing you won't read about in the news is that during the clean up, they left two beaches completely untouched, with oil all over them. Two years later, the beaches that had not been cleaned up, that no one had touched or removed any oil from, were better off and had greatly recovered, far more than the expensive billion dollar clean up done on the main beaches. Will it take decades to recover? I doubt it. The science doesn't support it. Most likely nature will take care of most of the oil by herself.

This is the party of Mark Sanford!!!! That should say everything.

It amazes me that they think they need to take the congress back after years of a do nothing congress and the fleecing of American. The question is how they look at themselves in the mirror every morning..

This is from NASDAQ http://tinyurl.com/27c6u5a The Reps were on the Sunday news shows trying to prop up their position. You have to wonder who the small corporations are that this would limit. I did not know we had lots of small company's out there buying drilling platforms. lol

i can think of a simple way to protect these imaginary small corportations - turn it into a percentage of profits rather than a fixed rate. then you are not going to bankrupt small non-existent companies but the big ones pay the costs their cost cutting caused.