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"He'll sit here," President Harry Truman said of future president Gen. Dwight Eisenhower, "and he'll say, 'Do this! Do that!' And nothing will happen. Poor Ike -- it won't be a bit like the Army. He'll find it very frustrating."
President Barack Obama, in an Oval Office speech about the disastrous Gulf oil spill, described the federal effort to cap, contain, clean up and restore. He demanded that BP set up a fund to compensate those hurt by the spill -- setting aside whether he possesses the legal authority to require it. He assured us, as tens of thousands of gallons...
Obama Learns Limits of Government -- Oil Spill Kicks His Hope and Change
Are you insinuating that without regulation, companies would not plan for safety? I suppose the damage now done to BP, both to reputation and profitability, is not enough incentive to extract oil safely. How about airlines? Suppose there was no FAA - would airlines ignore safety practices for profits? Of course not, they would be out of business as soon as they crashed a plane. Nobody would fly with an airline they knew to be unsafe. The customer demands that companies operate within certain bounds, and that force is much more compelling than government regulation. ...