In the Gulf of Mexico, plumes of black oil are gushing into the ocean, coating the wings of seabirds, poisoning shellfish, sending tar balls rolling onto white Florida beaches. It is an ecological disaster. It is a economic nightmare. And there is absolutely nothing that the American president can do about it. Nothing at all.
Here is the hard truth: The U.S. government does not possess a secret method for capping oil leaks. Even the combined wisdom of the Obama inner circle -- all of those Harvard economists, silver-tongued spin doctors and hardened politicos -- cannot prevent tens of thousands of tons of oil from pouring out of hole a mile beneath the ocean surface. Other than proximity to the Louisiana coast, this catastrophe has nothing in common with Hurricane Katrina: That was an unstoppable natural disaster that turned into a human tragedy because of an inadequate government response. This is just an unstoppable disaster, period. It will be a human tragedy precisely because no government response is possible. More...
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