Showing posts with label Overseas. Show all posts
Showing posts with label Overseas. Show all posts

10.13.2010

Is the President sending American jobs overseas?


Certainly the events of the Deepwater Horizon explosion, which resulted in the loss of life and oil spilling into the Gulf waters, was a tragic accident. (By the way, as a side note, why did we see and hear more news on the birds and turtles suffering from the oil slick than we did on the families that lost loved ones and livelihoods?) Of course, this accident most likely would not have happened had the many layers of government regulators been doing their jobs. Additionally tragic, is the loss of jobs and economic activity due to the outrageous ban on oil production in the Gulf. (There is nothing quite like making private industry pay for the Government's ineptness) Why hasn't mainstream media broadcast in bold the 36 rigs in the Gulf of Mexico that have been put out of work, or the five rigs that have left for Egypt and other parts of Africa, and the roughly 8,000 to 12,000 jobs lost?