Note: As President Obama prepares to address the nation about the BP oil spill in the Gulf of Mexico, we thought it's worth rerunning this Reason.tv video, "3 Reasons Obama Should Kick His Own Ass." Original air date was June 10, 2010.
President Barack Obama made news on The Today Show when he talked about kicking some ass over the BP oil spill in the Gulf of Mexico.
If he is interested in punishing those responsible for what is shaping up as one of the worst environmental disasters in U.S. history, he should think about giving himself a boot.
While BP is ultimately responsible for the spill (and for cleaning it up), the federal government is a major player in the problem for at least three reasons:
1. It owns the property on which the oil well is located.
2. It regulates offshore drilling. And
3. In order to protect small players in the drilling industry, it capped economic damages from this sort of spill at just $75 million, a way-too-low cap that encourages risky behavior.
"3 Reason Why Obama Should Kick His Own Ass" is written and produced by Meredith Bragg and Nick Gillespie, who also hosts.
Approximately 2:30 minutes.
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