Oh, the handwringing we have seen over the horrific oil spill in the Gulf of Mexico. And rightfully so. It appears that BP made some clear mistakes in glossing over warning signs on the well whose breakdown cost the lives of 11 workers and caused environmental challenges that will take years to overcome. Washington has criticized the company and demanded that they be held accountable because they were not effectively overseeing the operation. They claim BP should be held financially responsible for even more than is actually allowed by law.
How interesting it is that when it comes to mismanagement of the people’s money, the people responsible in Washington are unwilling to admit their own mismanagement of the situation or their own accountability and accept the full penalties due.