Posts Tagged ‘federal regulators’

Larry Kudlow

BP, the White House, and Congress Are All Dirty

by Larry Kudlow

Amidst all the political jockeying over the BP catastrophe, the main players are missing what is really uppermost on America’s mind: It’s the spill rate, stupid. It’s jobs, stupid. It’s the economy, stupid. And none of it is happening.

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All eyes in Washington, Wall Street, and Main Street were turned this week to the congressional show trial featuring beleaguered BP CEO Tony Hayward. Hayward was a disaster. He played dumb. He stonewalled. And he never got honest about the colossal failure of human judgment at BP that caused this catastrophe.

But folks, seriously, what did you expect? Before this thing is said and done, Hayward and others at BP may very well be criminally indicted by the Justice Department. Hayward could eventually do hard time for all I know. So, of course, he stonewalled. Thank Eric Holder.

What Hayward should at least have done is talk about the progress being made in capping the spill rate, which is gradually going down. To most Americans, and especially those in the Gulf, it’s the spill rate of capture that matters most. Hayward also should have talked about the new BP relief well, which could be up and running in less than a month, to end this disaster. That would be great news for America, and her economy and stock market. Plus, he could have mentioned that BP is hiring thousands of workers to fill new jobs in the cleanup effort.

But Hayward was lawyered to the gills, which doesn’t make anyone happy, including me. And that’s precisely why these congressional show trials leave me bored, tired, and depressed.

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Nick Gillespie

Reason.tv: Will The Feds Ban Your Pain Meds?

by Nick Gillespie

What if you were injured and developed severe pain that wouldn’t go away? Would your government let you take the kind of pain medication you need? If federal officials follow the recommendation of a Food and Drug Administration panel, many of the most effective prescription painkillers—including Vicodin, Percocet, and countless generics—would be banned.

Scott Gardner says that kind of a move would be “intensely cruel.”

“I took Vicodin for three years,” says Gardner. “I needed it. It got me through a very tough period of my life.” The tough period began after a cycling accident shattered the left side of his body. After eight surgeries and countless hours of physical therapy, Gardner’s once active life is now filled with limitations. He suffers from chronic pain that prevents him from sleeping more than a few hours at a time, and yet his pain today is nothing compared to the agonizing days and months following his accident.

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