BP Bashing Gets Carried Away

Mr. President, meet with guy in charge if you want to take charge, or meet with the guy who can fix the problem.
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NEW YORK (

TheStreet

) -- There are some things that apparently weren't taught at Harvard Law.

Mr. President: Businesses take risks. They put their own capital at stake. Sometimes they succeed, sometimes they fail. Horribly. But without businesses there is no economy. There are no jobs.

Oh wait a minute ... I stand corrected. There is an economy and there are jobs.

Welcome to 1984. I am

Winston Smith

.

A short time ago, our government used to reward businesses for taking risk. The government used to recognize that business made our economy run. The government recognized this and even recognized a type of business -- the LLC or limited liability corporation -- to incentivize entrepreneurs to take more risks. This may sound like the promo for a ridiculously priced self-improvement course, but here it goes: you cannot succeed without taking risks. And what you learn from your failures is what makes you more successful.

There.

That'll be $10,000 please. Or you can break it up into four easy payments.

Today we have a government that doesn't believe in letting businesses taking risks. We have a government that thinks it's their right to tell a business they're "too big to fail." We've turned business in America to soccer on a Saturday. Everyone gets a trophy.

A wise man once said that "capitalism without bankruptcy is like Christianity without hell.'" Welcome to purgatory.

We have an administration that telegraphs that a jobs report will be off the grid, causing the market to rally and mom and pop investors to make money. Job creation! Finally! Then we find out that it was a great jobs report ... if you believe that "creating" government jobs is a good thing. Market implosion. I wonder if anyone in government traded off this information. Nah. Clarence Beeks was a fictional character, right?

It seems like a lifetime ago, but does anyone remember when the president fired the CEO of

GM

? Anyone? I think "we" let that slide because ... well ... just because we thought that was a one-off situation. But apparently that was just the beginning. Now we have the government wearing boots and putting them on the throats of business. Oh, and apparently our commander in chief is also the head ass kicker.

Associated Press photo

The president should have started at GM by firing the people in the "jobs bank." You know, the people getting paid not to work. Don't think too hard about that, it hurts.

But I digress. Let's discuss

BP

(BP) - Get Report

, the picture in a picture of the oil spill, and the leadership clown car that gets worse by the day. We find out this week that the head ass kicker, looking for an ass to kick (I guess I'm allowed to say this in print, because it's OK for the president to say it on a morning show) has not spoken to the head of BP since this disaster began.

Step 1: Meet with guy in charge if you want to take charge, or meet with the guy who can fix the problem.

As a former naval officer, I can tell you for a fact that the U.S. Navy does not have the expertise to shut off a ruptured well a mile under the ocean. That is, of course, unless it has some top secret program I didn't know about. And if they do, now would be the time to declassify that program. Side note: Anyone wondering why this well is a mile under the ocean and not closer to shore where divers could've fixed this by now? Anyone? Don't think about that too hard either, it hurts more than the jobs bank.

The only people remotely able to fix this are the people who caused this problem in the first place so you would think that the guy wanting to take charge of this incident would want to immediately talk to the only guy who could fix this. You would think, I guess two months late is better than never. Or not.

Now the federal government is telling BP to cut its dividend so it can pay for "everything." Never mind that the CEO of BP already said the company would pay for everything. I guess that's not good enough. Now the president wants BP to pay everyone in the region for being unable to work.

Maybe the president can have some of the people in the GM jobs bank march to the homes of BP executives demanding, I don't know, more of something. They'd need a ride though; it's across the pond.

As the president looks for ass to kick he's also trampling all over our closest friend. Again. There are 18 million BP shareholders in Britain, and many of the public pension funds own BP shares. The British prime minister is getting involved and stepping up to defend what he sees as an overzealous attack. Good for him.

Firing line: Why doesn't the president take the $400 million he gave this week to the Palestinians and give it to those impacted by this disaster? Oh, right, that would make sense. I guess the Palestinians need new boats to run the Israeli blockade. I'm sure the fishermen in the Gulf region sitting idle on their boats can understand that this is a better use of this money (I mean their money).

Just ask the head ass kicker.

Written by Matt Buckley in Boca Raton, Fla.

Matthew "Whiz" Buckley is the chief strategy officer of

Options University

, a provider of options education for options traders of all levels. . He is also the founder of Strike Fighter Financial, a business-consulting firm specializing in leadership development, risk management and strategic planning for Fortune 500 companies and related organizations. Buckley flew the F-18 Hornet for the U.S. Navy. He's a graduate of TOPGUN, has close to 400 carrier landings and flew 44 combat sorties over Iraq. After leaving active duty, he worked as managing director of strategy at a Wall Street firm and CEO of a financial media company. He is an internationally recognized speaker and combined his experiences in the military and corporate America in his book "From Sea Level to C Level."