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    Morning Bell: Obama and the Oil Spill

    The infamous words “a crisis is a terrible thing to waste” were first uttered by President Obama’s Chief of Staff Rahm Emanuel last year, when he laid bare his intention to use the credit crisis to reorder the U.S. economy. This sentiment now seems to animate the President’s own intention to introduce … More

    Obama’s Oil Spill Speech Overreaches on Cap and Trade, Cancelled Drilling

    A little over a month into the Gulf of Mexico oil spill, the American public wants answers– from the Obama administration, from Congress and from BP. While there are still many more questions than currently available answers, President Obama answered a few and dodged others in his speech today. He … More

    Morning Bell: White House in Disarray

    A fudgelike goo coating Louisiana’s marshes. A thick oil slick stretching across the Gulf of Mexico. A plume of oil miles below the ocean surface. A tragic loss of life. Reverberating economic consequences. Throw in a poll that shows that 53 percent of Americans rate President Barack Obama “poor” or … More

    Addressing BP’s Willingness to Pay for the Oil Spill

    It will be a long time before we know how much the oil spill is going to cost in terms of total economic damages, but it is certain to be higher than the $75 million liability cap set by the 1990 Oil Pollution Act and could even be higher than … More

    Morning Bell: A Crisis of Competence in the Gulf

    “Let’s be clear: Every day that this oil sits is one more day that more of our marsh dies,” Gov. Bobby Jindal (LA) said Monday. “We’ve been frustrated with the disjointed effort to date that has too often meant too little, too late for the oil hitting our coast,” he … More