I am a frequent reader of the NYTimes. It's on my short list of bookmarks that get a visit every morning. Sometimes I find interesting columns, sometimes not. But one thing is for sure: when I see Paul Krugman's name, I read the entire column. Today was certainly no different. For an important and interesting read,
click hereI think the oil spill is one of those news stories (similar to Katrina and Haiti) that has lingered. And it has lingered so long that eventually it becomes un-newsworthy. "It's boring. We've heard/read it all before." We would rather talk about Elena Kagan, Greece, or Tiger Woods' injury. At least we haven't read those stories before. But news stories linger for a reason, because they are important and have lessons to teach.
Down at the bottom of Mr. Krugman's column, there is a reference to Obama's commencement speech at Michigan. The President is quoted as saying
"Government is what ensures that mines adhere to safety standards and that oil spills are cleaned up by the companies that caused them."
But, is it too much for me to ask that our government not only react but also be proactive? Not only make BP clean up for their mistake, but make sure another mistake is less likely. I expect my government to regulate and do it well. The notion that somehow government does too much regulation has certainly been destroyed over the past few years. If we take an honest look at these disasters (economic, social, and environmental), we cannot rationally come to the conclusion that our government does too much regulating.
Thanks for reading my little mini-rant. The moral of this blog however is that Paul Krugman is tight. Read his stuff and do it frequently.
Law school is over. I hope everyone can make it to my graduation party on Sunday May 23. If you just want to stop by and say hello, I won't be offended.
That's all for now. Thanks.