if Obama nationalizes the oil companies

No one said BP. Name us 3 domestic oil companies that matter[read: have significant production] that Obama has influence over. The OP question is silly.

 

He doesn't have the legal authority to take over a company(except a bank)

 

We have elections coming up . . . we have the ability to change that political make up.

 

Tell that to GM.

 

You actually think the U.S. federal government is going to nationalize oil companies.

You are an idiot.

 

From Robert Reich's blog:

Why Obama Should Put BP Under Temporary Receivership


Ayn Rand Paul and followers would disapprove.

 

The gov is allowed to buy securities but they can't 'take over' in the sense that overnight they announce that they own the company(like some imply they should do with BP)

If they were to 'nationalize' BP, it would take more than $100b and a long time buying the stock, in my view thats not what people mean by 'taking over'

 

It's hard to imagine a bigger idiot than Bobby "Third" Reich. Oh, wait a minute, there's Paul Krugman. Never mind.

 

Lol, do you actually know the legal powers of the office of US president? It's not a one-man dictatorship like N Korea.

 

Yeah, good thing presidents can't appoint unelected "tsars" or anything. This is still the U.S.


Oh, wait...