Gold: Austerity vs Stimulus

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President Obama is turning into one of the main political casualties of the oil spill. Like his predecessor, he has become adept at the “politics of blame”. By personalizing, vilifying and threatening to take the boots to BP and its CEO Tony Hayward, Obama did not of course stifle the spewing oil well, but instead whipped up anti-British rhetoric and of course diverted the message. And now, his government threatens to nationalize BP, barrel by barrel, whether it would be through the courts, fines, or in fact retroactive legislation.

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About John R Ing

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