Posted by
KsReaganite on Thursday, June 10, 2010 6:07:56 PM
As usual, the President and his advisers seem to forget who our allies are…and frankly we have precious few in the world right now. First it was dithering on backing Israel; before that it was the double talk on a hundred year old historical issue that made Turkey wonder about trusting us. Now it is the constant bashing of British oil giant BP because of the Louisiana spill. The White House even suggested stopping BP dividend payments! Yeah…some confidence it gives to investors and our allies. For the record, I own funds that have positions in BP; how can stopping those dividends help Louisiana? I am beginning to think that the President’s advisers are cynically using the tragedy to further regulate and strangulate industries they philosophically dislike.