What's BP's Tony Hayward up to today, with oil still gushing into the Gulf of Mexico? The New York Post reports: "The BP CEO is attending a yacht race off the Isle of Wight in southern England today, a company spokeswoman said."
Larry Kudlow, in his column today, asks some choice questions about the oil spill in the Gulf -- and how it's being handled by BP, Congress, and the president:
Hayward [h]as 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.
And oh, by the way, what's the role of Congress in this catastrophe? What exactly is it doing besides presiding over these show trials? Doesn't it have oversight authority when it comes to the Minerals Management Service, which utterly failed to regulate the safety of BP's deep-water drilling operations? Why aren't more people talking about this?
And why in the world hasn't Congress suspended the Jones Act, thereby allowing foreign-flag tankers into the Gulf of Mexico area? What is it waiting for? We're basically two months into this never-ending disaster. The gulf cleanup could have been greatly aided by at least 15 foreign countries that were instead spurned after offering their tankers and other equipment. Why aren't we accepting these offers of help?
And where, really, is the president in all this?