The CEO Who Is Losing By Winning Against Obama

Here is a great profile of the CEO who is fighting the Obama administration in court, scoring victories, and yet is...losing. That's because the government doesn't have to fight fair. Here is a taste:
"When BP's well exploded, Hornbeck joined the emergency response, providing everything from skimmers and tankers to deep-sea robots. He is one of the reasons why the oil spill hasn't been as bad as predicted.

But now that the well is capped, and most of the oil appears to have been cleaned up or dispersed, Hornbeck is running out of work. He says he is now laying off hundreds of people and pulling ships out of the Gulf.

"Right now, we're seeing massive layoffs in our industry," he said. "We're stacking equipment...And we are proactively seeking work in a lot of different countries."

When his ships go to Brazil, they'll hire Brazilian crews. When his ships go to the Middle East, they'll hire crews there, too.

For all its complaining about big corporations that ship jobs overseas, the Obama administration is sure shipping jobs overseas. It is even shipping shipping jobs overseas.

"The damages the moratorium is doing today will be realized in a year or two from now," Hornbeck said.

Gasoline prices will likely be higher, unemployment in the Gulf states will likely be higher, America's dependence on foreign oil will like be higher, and people will be wondering why the U.S. economy still stinks. "

Read the whole thing. I said it was a bad trade, but they've managed to make it even a worse trade by exposing their bullying and bloody-mindedness for the world to see.