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Menendez Questions Salazar: Liability Caps - Why Is There a CAP at All?

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tomm2thumbs Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 08:33 AM
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Menendez Questions Salazar: Liability Caps - Why Is There a CAP at All?
 
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http://www.youtube.com/watch?v=ktiJ--PqLA8
 
Posted on YouTube: May 19, 2010
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Posted on DU: May 19, 2010
By DU Member: tomm2thumbs
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An interesting back-and-forth between Senator Menendez and Secretary Salazar on the BP Oil Spill - specifically he notes how BP claimed they had a capability and a plan for a 'worst case discharge'... and asks how that possibly measures up to what is obviously a test of that claimed ability to cope.



_ _ _

There's some typical Washington-speak at the end - can you say apologist?

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soryang Donating Member (642 posts) Send PM | Profile | Ignore Wed May-19-10 08:53 AM
Response to Original message
1. Liability caps? Why not require bonds?
They should be required to post bonds for damages prior to permit issuance. Why should there be a liability cap at all? Liabiiity caps are a republican talking point.
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tomm2thumbs Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 08:58 AM
Response to Reply #1
2. true, if they aren't afraid of a problem, they have absolutely NOTHING to lose

ahhhh, but they know better

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safeinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 09:57 AM
Response to Original message
3. The Seventh Amendment is clear
awards are to be decided by a jury with no restraints on that.
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whathehell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 10:35 AM
Response to Original message
4. An excellent question!...When corporations screw up, they need to take "personal responsiblity"
I mean, now that they're "persons" and all :evilgrin:

I got so sick of that "personal responsibility" meme from the wingnuts, when I heard it I asked.."What about CORPORTATE responsiblity"?...It fell mainly on deaf ears, but I think even the RWers may be having a change of heart sine the BP spill.
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TheEuclideanOne Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 10:54 AM
Response to Original message
5. Seems like a simple question of Math
Let's say that you are the CEO of BP and somebody tells you that you are not required to put a piece of safety equipment into your rigs that will cost you $500 million per rig, then you see that you are capped at $75 million dollars per spill, why in the world would you do it?

Note that I prefaced this with "You are the CEO of BP", therefore I am not accepting any answers that refer to personal or corporate responsiblity. There is a built in assumption that none exists.
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