Hayward Will No Longer Run BP Oil Spill Cleanup
A day after being skewered by Congress, BP chief executive Tony Hayward has been demoted. According to Britain's Sky News, BP Managing Director Bob Dudley will take over day-to-day oversight of the Gulf oil spill while BP's chairman Carl-Henric Svanberg will assume major PR duties. “Hayward doesn’t want any part of this anymore,” Sean said. “In all seriousness, can you blame the guy? This decision was probably made long ago. I’d like to know when they’re going to put Obama on the hot seat?” Sean asked.
Financial Friday: Ray Lucia On Gulf Disaster
As fans of the show know, Sean does a special segment at the end of the week called, “Financial Friday.” This week, financial radio talk show host, Ray Lucia, joined the program to discuss the financial cost of the Gulf oil spill. The spill, in addition to being an environmental disaster, will also be a financial one. The financial burden associated with the oil leak doesn’t stop at just the cost of the cleanup. “This is a disaster of proportions that we have never even thought about,” Lucia told Sean. “The cost of seafood alone is up 30 percent and the cost of oil is going up – you know that is going to happen. There’s going to be higher unemployment, more government borrowing and higher interest rates. The unemployment rate in the Gulf has risen to 12-13%. There are over 500,000 people who work in the restaurant and hotel industry that will be hurt by this as well,” Lucia explained.
Newt Gingrich On Gulf Disaster
The former Speaker of the House, Newt Gingrich, joined Sean in the final hour of Friday’s show. Gingrich and Sean were both dumbfounded by the government’s lack of response to the Gulf oil spill. In many cases, it seems as if the left arm of the government doesn’t know what the right arm is doing! For instance, sixteen barges sat stationary yesterday although they had been sucking up thousands of gallons of BP’s oil as recently as Tuesday. So why did these barges stop sucking oil? Because the Coast Guard told them to. The Coast Guard needed to confirm that there were fire extinguishers and life vests on board. Another equally frustrating situation occurred when Gov. Jindal requested that small “sand islands” be constructed to prevent oil from washing ashore. He was told by the government that his plans would have to wait. “The Army Corp of Engineers announced they would have to do an environmental impact study first,” Newt told Sean. “It would take them longer to do the environmental impact study then it would take the oil to get to shore to impact the environment that they’re studying!”
Newton Leroy "Newt" Gingrich (born Newton Leroy McPherson ; June 17, 1943) is an American politician who served as the Speaker of the United States House of Representatives from 1995 to 1999. In 1995, Time magazine selected him as the Person of the Year for his role in leading the Republican Revolution in the House, ending 40 years of the Democratic Party being in the majority. During his tenure as Speaker, he represented the public face of the Republican opposition to Bill Clinton . A college history professor, political leader, and author, Gingrich twice ran unsuccessfully for the House before winning a seat in the election of November 1978. He was re-elected 10 times, and his activism as a member of the House's Republican minority eventually enabled him to succeed Dick Cheney as House Minority Whip in 1989. As a co-author of the 1994 Contract with America , Gingrich was in the forefront of the Republican Party's dramatic success in that... More >