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Nobel Laureate in Economics, Dr. [[Paul Krugman]],<ref>[http://nobelprize.org/nobel_prizes/economics/laureates/2008/ Economics 2008.] Retrieved from Nobel.org 10 May 2010.</ref> who has been highly critical of Obama [[Obama administration corporate bailouts|economic policy]]<ref>[http://www.businessandmedia.org/articles/2009/20090331151429.aspx Krugman Garners Newsweek Cover for Left-Wing Criticism of [[Obamunism|Obamanomics,]] ] Julia A. Seymour, ''Business & Media Institute'', 3/31/09.</ref> wrote a column entitled "The oil spill is Obama's fault" in his regular ''New York Times'' opinion column, ''Conscience of a Liberal,'' although there is some question whether he believes it.<ref>[http://krugman.blogs.nytimes.com/2010/04/30/the-oil-spill-is-obamas-fault/?src=twt&twt=NytimesKrugman The Oil Spill Is Obama’s Fault,] Paul Krugman, ''New York Times '' Op-Ed, April 30, 2010,</ref>
Nobel Laureate in Economics, Dr. [[Paul Krugman]],<ref>[http://nobelprize.org/nobel_prizes/economics/laureates/2008/ Economics 2008.] Retrieved from Nobel.org 10 May 2010.</ref> who has been highly critical of Obama [[Obama administration corporate bailouts|economic policy]]<ref>[http://www.businessandmedia.org/articles/2009/20090331151429.aspx Krugman Garners Newsweek Cover for Left-Wing Criticism of [[Obamunism|Obamanomics,]] ] Julia A. Seymour, ''Business & Media Institute'', 3/31/09.</ref> wrote a column entitled "The oil spill is Obama's fault" in his regular ''New York Times'' opinion column, ''Conscience of a Liberal,'' although there is some question whether he believes it.<ref>[http://krugman.blogs.nytimes.com/2010/04/30/the-oil-spill-is-obamas-fault/?src=twt&twt=NytimesKrugman The Oil Spill Is Obama’s Fault,] Paul Krugman, ''New York Times '' Op-Ed, April 30, 2010,</ref>
==Federal Inaction==
The White House lacks any type of plan to combat the oil spill disaster. While the disaster steadily grew, it took eight days for Obama to discuss the situation at length. He would order a moratorium on all future deep sea oil platforms until they determine the problems associated with the current disaster. As to be expected, Obama tries to remove himself from blame saying "the system failed", this despite the fact the he heads the system. Then he pointed fingers of blame at oil companies while taking an indirect jab at the Bush administration. <ref>[http://www.cbsnews.com/8301-503544_162-20005039-503544.html Angry Obama Seeks to Deflect Blame for Gulf Oil Spill Crisis, CBS, May 14, 2010]</ref>
{{cquote| "For too long, for a decade or more, there has been a cozy relationship between the oil companies and the federal agency that permits them to drill. It seems as if permits were too often issued based on little more than assurances of safety from the oil companies. That cannot and will not happen anymore."}}
Whitehouse spokesman [[Robert Gibbs]] did his best to put a good spin on the disaster, "The response was "comprehensive and fast" and the Coast Guard and Interior Department were on the scene almost immediately. Meanwhile, the Democrat-led Congress ordered public hearings from oil executives. Again, Obama would point fingers saying the answers from oil executives were "ridiculous spectacle", "You had executives of BP and Transocean and Halliburton falling over each other to point the finger of blame at somebody else." <ref>[http://www.nypost.com/p/news/national/burning_rig_of_fire_VkeuMCffwTUd9IBS7gUV7K?CMP=OTC-rss&FEEDNAME=#ixzz0oWm4u9zQ New look at Gulf oil spill as cleanup continues, NYPost, May 15, 2010]</ref>
[[New Jersey]] Democrat Senator Menedez wants a ban on new offshore drilling permits. In addition, he submitted a bill that would retroactively raise the financial liability of BP from $75 million to $10 billion. <ref>[http://blogs.abcnews.com/george/2010/05/senator-menendez-on-oil-spill-no-new-drilling-permits.html Senator Menendez on Oil Spill: No New Drilling Permits, ABCNews, May 12, 2010]</ref> Oklahoma [[Republican]] Senator Inhofe successfully killed the bill saying it would reduce competition and shut down smaller independent oil companies in favor of larger companies.
== Deepwater Horizons ==
== Deepwater Horizons ==