Robert Reich wants to nationalize BP
Robert Reich wants to nationalize BP’s American operations until President Obama can use his Magical President Powers to stop the oil leak.
What’s interesting is Reich’s evidence that this is kosher:
If the government can take over giant global insurer AIG and the auto giant General Motors and replace their CEOs, in order to keep them financially solvent, it should be able to put BP’s North American operations into temporary receivership in order to stop one of the worst environmental disasters in U.S. history.
So, in other words, because we’ve already done it a couple of times, there’s no reason we can’t do it again. It turns out that in politics maybe one occurrence does make a pattern. Merely suggesting that something isn’t a precedent doesn’t make it so.
