Nationalize vs. Free Market

By Teaparty of Louisiana

May 17, 2010 - Chris Matthews from MSNBC's Harball  feels that BP oil should be nationalized in order to get the job done.   Additionally he claims that people in China are more "brutal" and would execute people for making this type of mistake.

July 21, 2010 -  An oil pipeline explosion occurred in China's Yellow Bay.  The pipeline is owned by China National Petroleum Corp, Asia's largest oil and gas producer by volume. The cause of the explosion is still unknown. "We don't have proper oil cleanup materials, so our workers are wearing rubber gloves and using chopsticks," an official with the Jinshitan Golden Beach Administration Committee told the Beijing Youth Daily newspaper, in apparent exasperation. So far there haven't been any reports of persons being executed as a result of the explosion.   Read More...

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Nationalize or Not - What do the people say?  In a Rasmussen poll released on July 23, 2009, 75% of American voters prefer free markets over government managed economy. 14% favor a nationalized economy, while 11% are uncertain.

If 75% of America believes in the free market system then what does that have to say about Matthews credibility? It doesn't matter how much something is regulated there will always room for negligence.  Many of the smaller independent companies are being priced out of competition through endless government regulations, leaving only the big names remaining. The trickle down effect  will have a negative impact on all other related industries impeding not only Louisiana's economy but the US economy.  The moratorium  will  create the loss of 10's of thousands of jobs and billions of dollars in lost wages and revenue. In order to continue doing business some companies have left Louisiana for other countries.  What kind of message does this send to The People?

Louisiana provides 35% of the nation's energy, either produced or imported and comprises of approximately 45% of the nation's wetlands which doubles as a hurricane buffer. Louisiana has a multi-billion dollar seafood industry to go along with it's outstanding recreational fishing. Louisiana is the largest producer of oysters in the world. The port of south Louisiana is one of the largest in bulk cargo ports in the world.

Twice the supreme courts have overruled the President's moratorium. How can one person have so much power with a stroke of the pen? This  limitless power is dangerous.  BP has nearly stopped the leaking. Will Washington stop the bleeding? Louisiana has recovered from three major hurricanes in the last 5 years.  Will Louisiana recover from Washington?