Bloomberg: Quit Pointing Fingers and Let BP Fix the Problem

Every now and then NYC Mayor Bloomberg gets one right:

New York Mayor Michael Bloomberg became a lonely defender of BP PLC on Friday, declaring the world should not rush to point fingers at the British oil giant for the Gulf of Mexico oil spill.

The billionaire mayor, a former CEO, became the most prominent politician to embrace BP, whose offshore rig exploded in April, killing 11 workers and setting off what has become the nation's worst oil spill. Scientists say the spill could now involve 42 million to more than 100 million gallons.

Bloomberg, who often sides with CEOs and private businesses entangled in public relations catastrophes, said he'd rather have BP worrying about stopping the leak than devising a legal strategy.

"The guy that runs BP didn't exactly go down there and blow up the well," Bloomberg said on his weekly radio show. "And what's more, if we want them to fix it and they're the only ones with the expertise, I think I might wait to assign blame."

The federal government is conducting civil and criminal investigations into BP's preparedness and the spill.

There will be plenty of time to assign blame and hold criminal investigations after the leak is stopped, but right now the only thing BP should be doing is working out a solution to the problem. However, the Obama administration, which specializes in blaming others for things, just can't wait to start multiple investigations and speed up the process of destroying the only company that may be capable of fixing the leak. It's a very self-destructive policy.

As with most major events the conspiracy folks are running wild with all kinds of theories and doomsday outlooks for this event.  Everything from a North Korean sub causing the initial blow-out to an undersea volcano that will eventually result in a tidal wave that will sweep 50 miles inland in all directions.  Amazing what people can come up with.