11 Most Expensive Catastrophes in History…

11 Most Expensive Catastrophes in History…

 #11 Titanic – $150 Million
 The sinking of the Titanic is possibly the most famous accident in the world. But it barely makes our list of top 10 most expensive. On
 April 15, 1912, the Titanic sank on its maiden voyage and was considered to be the most luxurious ocean liner ever built. Over 1,500 people lost their lives when the ship ran into an iceberg and sunk in frigid waters. The ship cost $7 million to build ($150 million in today ‘s dollars).

 #10 Tanker Truck vs Bridge – $358 Million
 On August 26, 2004, a car collided with a tanker truck containing 32,000 liters of fuel on the  Wiehltal   Bridge  in  Germany. The tanker crashed through the guardrail and fell 90 feet off the A4Autobahn resulting in a huge explosion and fire which destroyed the load-bearing ability of the bridge. Temporary repairs cost $40 million and the cost to replace the bridge is estimated at $318 Million.

 #9 MetroLink Crash – $500 Million
 On September 12, 2008, in what was one of the worst train crashes in California  history, 25 people were killed when a Metrolinkcommuter train crashed head-on into a Union Pacific freight train in  Los Angeles . It is thought that the Metrolink train may have run through a red signal while the conductor was busy text messaging… Wrongful death lawsuits are expected to cause $500 million in losses for Metrolink.

 #8 B-2 Bomber Crash – $1.4 Billion
 Here we have our first billion dollar accident (and we’re only #7 on the list). This B-2 stealth bomber crashed shortly after taking off from
 an air base in  Guam  on February 23, 2008. Investigators blamed distorted data in the flight control computers caused by moisture in the
 system. This resulted in the aircraft making a sudden nose-up move which made the B-2 stall and crash. This was 1 of only 21 ever built and was the most expensive aviation accident in history. Both pilots were able to eject to safety.
 #7 Exxon Valdez – $2..5 Billion
 The Exxon Valdez oil spill was not a large one in relation to the world’ s biggest oil spills, but it was a costly one due to the remote location of Prince William Sound (accessible only by helicopter and boat). On March 24, 1989, 10.8 million gallons of oil was spilled when the ship ‘ s master, Joseph Hazelwood, left the controls and the ship crashed into a Reef. The cleanup cost Exxon $2.5 billion.

 #6 Piper Alpha Oil Rig – $3..4 Billion
 The world’s worst off-shore oil disaster. At one time, it was the world’s single largest oil producer, spewing out 317,000 barrels
 of oil per day. On July 6, 1988, as part of routine maintenance, technicians removed and checked safety valves which were essential in
 preventing dangerous build-up of liquid gas. There were 100 identical safety valves which were checked. Unfortunately, the technicians made a mistake and forgot to replace one of them. At 10 PM that same night, a technician pressed a start button for the liquid gas pumps and the world’s most expensive oil rig accident was set in motion. Within 2 hours, the 300 foot platform was engulfed in flames. It eventually collapsed, killing 167 workers and resulting in $3.4 Billion in damages.

 #5 Challenger Explosion – $5.5 Billion
 The Space Shuttle Challenger was destroyed 73 seconds after takeoff due on January 28, 1986 due to a faulty O-ring. It failed to seal one of the joints, allowing pressurized gas to reach the outside. This in turn caused the external tank to dump its payload of liquid hydrogen
 causing a massive explosion. The cost of replacing the Space Shuttle was $2 billion in 1986 ($4.5 billion in today’s dollars). The cost of investigation, problem correction, and replacement of lost equipment cost $450 million from 1986-1987 ($1 Billion in today’s dollars).

 #4 Prestige Oil Spill – $12 Billion
 On November 13, 2002, the Prestige oil tanker was carrying 77,000 tons of heavy fuel oil when one of its twelve tanks burst during a storm off Galicia  ,  Spain  .. Fearing that the ship would sink, the captain called for help from Spanish rescue workers, expecting them to take the ship into harbor. However, pressure from local authorities forced the captain to steer the ship away from the coast. The captain tried to get help from the French and Portuguese authorities, but they too ordered the ship away from their shores. The storm eventually took its toll on the ship resulting in the tanker splitting in half and releasing 20 million gallons oil into the sea. According to a report by the Pontevedra Economist Board, the total cleanup cost $12 billion.

 #3 Space Shuttle  Columbia  – $13 Billion
 The Space Shuttle Columbia was the first space worthy shuttle in NASA’s orbital fleet. It was destroyed during re-entry over  Texas  on February 1, 2003 after a hole was punctured in one of the wings during launch 16 days earlier. The original cost of the shuttle was $2Billion in 1978. That comes out to $6.3 Billion in today’s dollars. $500 million was spent on the investigation, making it the costliest aircraft accident investigation in history. The search and recovery of debris cost $300 million.  In the end, the total cost of the accident (not
 including replacement of the shuttle) came out to $13 Billion according to the American Institute of Aeronautics and Astronautics..

 #2  Chernobyl  – $200 Billion
 On April 26, 1986, the world witnessed the costliest accident in history. The  Chernobyl  disaster has been called the biggest socio-economic catastrophe in peacetime history. 50% of the area ofUkraine is in some way contaminated. Over 200,000 people had to be
 evacuated and resettled while 1.7 million people were directly affected by the disaster. The death toll attributed to  Chernobyl , including
 people who died from cancer years later, is estimated at 125,000. The total costs including cleanup, resettlement, and compensation to victims has been estimated to be roughly $200 Billion. The cost of a new steel shelter for the  Chernobyl  nuclear plant will cost $2 billion
 alone. The accident was officially attributed to power plant operators who violated plant procedures and were ignorant of the safety
 requirements needed.

 #1 Electing Obama President – $800 Billion

In the first two months…. (and counting into trillions)

 YOU GOT CHANGE?

11 Most Expensive Catastrophes in History…

 #11 Titanic – $150 Million
 The sinking of the Titanic is possibly the most famous accident in the world. But it barely makes our list of top 10 most expensive. On
 April 15, 1912, the Titanic sank on its maiden voyage and was considered to be the most luxurious ocean liner ever built. Over 1,500 people lost their lives when the ship ran into an iceberg and sunk in frigid waters. The ship cost $7 million to build ($150 million in today ‘s dollars).

 #10 Tanker Truck vs Bridge – $358 Million
 On August 26, 2004, a car collided with a tanker truck containing 32,000 liters of fuel on the  Wiehltal   Bridge  in  Germany. The tanker crashed through the guardrail and fell 90 feet off the A4Autobahn resulting in a huge explosion and fire which destroyed the load-bearing ability of the bridge. Temporary repairs cost $40 million and the cost to replace the bridge is estimated at $318 Million.

 #9 MetroLink Crash – $500 Million
 On September 12, 2008, in what was one of the worst train crashes in California  history, 25 people were killed when a Metrolinkcommuter train crashed head-on into a Union Pacific freight train in  Los Angeles . It is thought that the Metrolink train may have run through a red signal while the conductor was busy text messaging… Wrongful death lawsuits are expected to cause $500 million in losses for Metrolink.

 #8 B-2 Bomber Crash – $1.4 Billion
 Here we have our first billion dollar accident (and we’re only #7 on the list). This B-2 stealth bomber crashed shortly after taking off from
 an air base in  Guam  on February 23, 2008. Investigators blamed distorted data in the flight control computers caused by moisture in the
 system. This resulted in the aircraft making a sudden nose-up move which made the B-2 stall and crash. This was 1 of only 21 ever built and was the most expensive aviation accident in history. Both pilots were able to eject to safety.


 #7 Exxon Valdez – $2..5 Billion
 The Exxon Valdez oil spill was not a large one in relation to the world’ s biggest oil spills, but it was a costly one due to the remote location of Prince William Sound (accessible only by helicopter and boat). On March 24, 1989, 10.8 million gallons of oil was spilled when the ship ‘ s master, Joseph Hazelwood, left the controls and the ship crashed into a Reef. The cleanup cost Exxon $2.5 billion.

 #6 Piper Alpha Oil Rig – $3..4 Billion
 The world’s worst off-shore oil disaster. At one time, it was the world’s single largest oil producer, spewing out 317,000 barrels
 of oil per day. On July 6, 1988, as part of routine maintenance, technicians removed and checked safety valves which were essential in
 preventing dangerous build-up of liquid gas. There were 100 identical safety valves which were checked. Unfortunately, the technicians made a mistake and forgot to replace one of them. At 10 PM that same night, a technician pressed a start button for the liquid gas pumps and the world’s most expensive oil rig accident was set in motion. Within 2 hours, the 300 foot platform was engulfed in flames. It eventually collapsed, killing 167 workers and resulting in $3.4 Billion in damages.

 #5 Challenger Explosion – $5.5 Billion
 The Space Shuttle Challenger was destroyed 73 seconds after takeoff due on January 28, 1986 due to a faulty O-ring. It failed to seal one of the joints, allowing pressurized gas to reach the outside. This in turn caused the external tank to dump its payload of liquid hydrogen
 causing a massive explosion. The cost of replacing the Space Shuttle was $2 billion in 1986 ($4.5 billion in today’s dollars). The cost of investigation, problem correction, and replacement of lost equipment cost $450 million from 1986-1987 ($1 Billion in today’s dollars).

 #4 Prestige Oil Spill – $12 Billion
 On November 13, 2002, the Prestige oil tanker was carrying 77,000 tons of heavy fuel oil when one of its twelve tanks burst during a storm off Galicia  ,  Spain  .. Fearing that the ship would sink, the captain called for help from Spanish rescue workers, expecting them to take the ship into harbor. However, pressure from local authorities forced the captain to steer the ship away from the coast. The captain tried to get help from the French and Portuguese authorities, but they too ordered the ship away from their shores. The storm eventually took its toll on the ship resulting in the tanker splitting in half and releasing 20 million gallons oil into the sea. According to a report by the Pontevedra Economist Board, the total cleanup cost $12 billion.

 #3 Space Shuttle  Columbia  – $13 Billion
 The Space Shuttle Columbia was the first space worthy shuttle in NASA’s orbital fleet. It was destroyed during re-entry over  Texas  on February 1, 2003 after a hole was punctured in one of the wings during launch 16 days earlier. The original cost of the shuttle was $2Billion in 1978. That comes out to $6.3 Billion in today’s dollars. $500 million was spent on the investigation, making it the costliest aircraft accident investigation in history. The search and recovery of debris cost $300 million.  In the end, the total cost of the accident (not
 including replacement of the shuttle) came out to $13 Billion according to the American Institute of Aeronautics and Astronautics..

 #2  Chernobyl  – $200 Billion
 On April 26, 1986, the world witnessed the costliest accident in history. The  Chernobyl  disaster has been called the biggest socio-economic catastrophe in peacetime history. 50% of the area ofUkraine is in some way contaminated. Over 200,000 people had to be
 evacuated and resettled while 1.7 million people were directly affected by the disaster. The death toll attributed to  Chernobyl , including
 people who died from cancer years later, is estimated at 125,000. The total costs including cleanup, resettlement, and compensation to victims has been estimated to be roughly $200 Billion. The cost of a new steel shelter for the  Chernobyl  nuclear plant will cost $2 billion
 alone. The accident was officially attributed to power plant operators who violated plant procedures and were ignorant of the safety
 requirements needed.

 #1 Electing Obama President – $800 Billion

In the first two months…. (and counting into trillions)

 YOU GOT CHANGE?

Obama Lies About Supporting Single Payer at NH Town Hall

Obama Lies About Supporting Single Payer at NH

 Town Hall

Peter Barry Chowka
In response to an ill-framed question – one of only two that were not from Obama supporters – asked of him at the Potemkin Village-style health care “town hall” in Portsmouth, New Hampshire on August 11, President Obama said this:

“I have not said that I was a single-payer supporter, because, frankly, we historically have had a employer-based system in this country, with private insurers, and for us to transition to a system like that, I believe would be too disruptive.”

 

Tracking the misrepresentations and lies that are told when Obama speaks can keep one busy for hours, but the one about not supporting single payer really stood out.

 

On June 30, 2003, speaking to an AFL-CIO Civil, Women’s, and Human Rights Conference, Obama said:

 

“I happen to be a proponent of single payer universal health care plans. . . A single payer health care plan, a universal health care plan. And that’s what I’d like to see. But as all of you know, we may not get there immediately. Because first we have to take back the White House, we have to take back the Senate, and we have to take back the House.”

 

As recently as August 18, 2008, according to the Wall Street Journal article titled “Obama Touts Single-Payer System for Health Care,” published on August 19, 2008, “Barack Obama said he would consider embracing a single-payer health-care system, beloved by liberals, as his plan for broader coverage evolves over time.”

 

The WSJ article quotes Obama speaking at “a town-hall style meeting on the economy” the day before:

 

“If I were designing a system from scratch, I would probably go ahead with a single-payer system.”

 

The WSJ quoted Obama as saying further that, although he didn’t think a single payer system was feasible initially:

 

“They [Americans] need relief now. So my attitude is let’s build up the system we got, let’s make it more efficient, we may be over time-as we make the system more efficient and everybody’s covered-decide that there are other ways [single payer?] for us to provide care more effectively.”

Page Printed from: http://www.americanthinker.com/blog/2009/08/obama_lies_about_supporting_si.html at August 11, 2009 – 09:06:01 PM EDT

Cash For Clunkers: Trade in American; Buy Foreign

Cash For Clunkers: Trade in American; Buy Foreign
By: Dick Morris and Eileen McGann
Tuesday, August 11, 2009

 


Obama is the best president Japan ever had.
The only part of the stimulus program that is working, the cash-for-clunkers program is, in reality, a subsidy to foreign car companies, proving that Barack Obama is the best president Japan ever had.

The Department of Transportation reports that the ten leading trade-ins are all American branded cars while six of the top ten new cars purchased – and four of the top five – are foreign.  So the United States Senate is about to pass additional funds to subsidize the trade-in of American cars and the purchase of foreign cars.

DOT reports that the following are the ten top trade-ins, all American:

Ten Top Trade-Ins Under Cash for Clunkers

1.  Ford Explorer
2.  Ford F150 Pickup 2WD
3.  Jeep Grand Cherokee 4 WD
4.  Jeep Cherokee 4 WD
5.  Dodge Caravan/Grand Caravan
6.  Chevrolet Blazer 4 WD
7.  Ford Explorer 2 WD
8.  Ford F150 Pickup 4 WD
9.  Chevrolet C1500 Pickup 2 WD
10. Ford Windstar FWD Van

And the top ten new car purchases, subsidized by the American taxpayer, are mainly foreign vehicles:

Top Ten New Car Purchases: Cash for Clunkers

1.  Toyota Corolla
2.  Ford Focus FWD
3.  Honda Civic
4.  Toyota Prius
5.  Toyota Camry
6.  Ford Escape FWD
7.  Hyndai Elantra
8.  Dodge Caliber
9.  Honda Fit
10. Chevrolet Cobalt

It is a violation of the World Trade Organization rules to enact a public subsidy program and skew it toward only domestically produced products, so the Congress has no choice but to extend the program to all comers.  No choice, that is, but to not spend the money in the first place.

Cash for Clunkers will do wonders for the Japanese economy, but its impact on the US job situation is problematic.  This unintended consequence is a great illustration of what happens when the blunt tool of government subsidy is applied to the fine tuning of a free market economy.  Government planners keep getting it wrong.  That’s why socialism is such a bad idea.

So Obama can boast of a great success in taking American cars off the road and replacing them with foreign cars.  Great going!


Dick Morris is a former adviser to Bill Clinton. Eileen McGann is an attorney and CEO of Vote.com. Together, they collaborate on books, columns and foreign political campaigns. To receive free copies of all of their commentaries, please sign up at dickmorris.com.

Savior or Saboteur? Obama in a Realistic Light

Savior or Saboteur? Obama in a Realistic Light

 By Joe Crews and Harvey Wysong  Wednesday, July 8, 2009

“It is a great pity when the one who should be the head figure is a mere figure head.”
— Charles H. Spurgeon

Barack Obama is less of a person than an image— a brand. People see whatever they want as they do on a Rorschach test. But does anyone really know him?

In fact, he is:

  • An empty suit.
  • A man with no birth certificate.
  • A man who was deserted in childhood by his biological father.
  • A man whose birth records, both in the United States and Kenya, are sealed by government order.
  • A man whose childhood mentor, Frank Marshall Davis, spied on U.S. military installations in Hawaii for the Soviet Union, edited a communist newspaper, authored pornographic novels, and wrote poetry in praise of Joseph Stalin.
  • A man mentored by and still supported by radical Muslims.
  • A man who promised transparency in government, but has spent over a million dollars in legal fees hiding information that would determine his eligibility to be President.
  • A former drug user.
  • A man whose academic records are sealed from kindergarten through law school.
  • A man who arrived in New York in June of 1981 without enough money to get a hotel room, but one month later flew to Indonesia and Pakistan.
  • Why did he go?
  • Who paid his expenses?
  • A man who traveled to Pakistan when it was illegal for U.S. citizens to do so. So what country’s passport did he use?
  • A man whose Law School Admission Test scores and grades at Columbia University are known to have been mediocre, but was admitted to Harvard Law School through the intervention of a Saudi named Khalid al-Mansour.
  • A law review editor who never published an article in any law review.
  • A lawyer with no significant accomplishments in the law and no reputation in the legal community.
  • A former State and U.S. Senator, who never authored a piece of legislation.
  • A disciple of the Marxist Saul Alinsky.
  • A product of the Chicago political machine—the most corrupt political organization in America.
  • A man who selects Marxists, corrupt politicians, and criminals as his close political associates and personal friends.
  • A man whose presidential candidacy was endorsed by the Democratic Socialists of America, the Socialist International, and the Workers International League.
  • A man lauded for the literary brilliance of two memoirs, both of which were ghostwritten by others.
  • A so-called Christian who says that knowing when human life begins is “above his pay-grade,” but somehow knows that abortion is permissible at any stage.
  • A man who thinks “waterboarding” is immoral, but that partial-birth abortion is moral.
  • A man who publicly laments slavery in America—which was abolished 150 years ago—but praises Islam, which still practices both slavery and the sexual mutilation of young girls.
  • A man who speaks endlessly about helping the less fortunate, but gives almost none of his sizeable income to charity—not even to his half-brother, who is living in squalor in Kenya.
  • A man who had the most left-wing voting record in the United State Senate, but was predicted by the press to “govern from the middle.”
  • A man who has never created a job, met a payroll, or even operated a lemonade stand, but wants to tell Detroit how to make cars.
  • A President who has never before served as an executive in either the private or the public sector.
  • A Commander-in-Chief who doesn’t know how to shoot a rifle, throw a hand-grenade, drive a tank, fly a plane, or con a ship.
  • A Commander-in-Chief who has publicly divulged some of our nation’s most important intelligence secrets.
  • A man who has been put in charge of the largest economic engine that ever existed, but has never invested in the stock market and admits total ignorance of it.
  • A President who says that science will guide his administration, but has no education in the sciences.
  • A man who is proficient in reading what is written for him on a teleprompter, but jerks and stammers his way through any off-the-cuff speaking.
  • A man whose health records are sealed from childhood to the present day.
  • A man whose educational records are sealed from childhood through law school.
  • A man who spent 20 years in a church whose pastor espouses Marxist Liberation Theology, anti-Americanism, anti-capitalism, and anti-Semitism, but claims he never heard his pastor utter anti-American, and anti-Semitic statements.
  • A man who added more to the National Debt in 100 days than all other Presidents did in the past 220 years, yet feels qualified to lecture Americans about “fiscal responsibility”.
  • A man who publicly expressed disdain for the U.S. Constitution on a Chicago radio station because it limited the government’s ability to “redistribute wealth.”
  • The first American President to bow before a foreign head of state—a Muslim dictator.
  • A man who sits and listens submissively while his country is castigated by Daniel Ortega—a Communist thug whose own daughter accused him of raping her.
  • A narcissist who gave the Queen of England a present from the United States –an iPod containing recordings of his own speeches.
  • A so-called Christian who officially declared “Pride Month” for a lifestyle that the Bible calls an abomination.
  • A man who wanted Americans to ignore his Muslim name during his election campaign, yet boasts of his Muslim name when he travels to Muslim countries.
  • A man who can name hundreds of America’s shortcomings, yet none of its great accomplishments.
  • A President who claims the moral high ground by closing Gitmo yet supports the transfer of terror suspects to countries where horrific torture is certain.
  • A President who scoffed at being called a socialist yet acted to nationalize the auto industry, the banking industry, and the insurance industry . . . and now seeks to nationalize the healthcare industry.
  • A President who violates private property rights, the sanctity of contracts, and the rule of law—three essential principles that go back over a thousand years in the Common Law tradition.
  • A man who promised 95% of all Americans a tax cut, but is increasing taxes on 100% of the population through inflation—the cruelest tax of all.
  • A lawyer who represented ACORN—an organization now indicted in several states for voter fraud—whose stated goal is to get as many people on welfare as possible in order to destroy our financial system.
  • A President who cheated GM’s bondholders by giving their property to the UAW in a political payoff.
  • An American President who frequently criticizes his own country when speaking in foreign countries, but never praises America’s generosity, goodness or greatness.
  • A President whose Secretary of the Treasury cheated on his taxes—as did several other appointees and advisors.
  • A President who, despite the current federal debt of 100 trillion dollars, wants to add the greatest debt ever by nationalizing healthcare.
  • A President who scoffs at being called a socialist, yet has appointed 28 “Czars” to circumvent constitutional government, including:
  • A “Science Czar” who has advocated compulsory abortions for American women and the “surrender of sovereignty” to a “comprehensive Planetary Regime.”
  • A self-professed communist as his “Green Jobs Czar”.
  • A “Pay Czar” to regulate the pay of corporate executives.
  • A President who swore an oath to “preserve, protect and defend the constitution from all enemies, foreign and domestic,” yet has nominated a domestic enemy of the Constitution to the Supreme Court.
  • A President whose Homeland Security Chief classified pro-lifers, veterans, and supporters of traditional marriage as terrorists.
  • A President who stood silent while the Iranian government hacked unarmed protestors to death with axes, because it was an internal matter, but freely offers his opinions about the internal affairs of Israel and Honduras.
  • A President who decreed that true acts of terrorism must now be described as “man-made disasters.”
  • A President who cracks hurtful jokes about Special Olympians.
  • A President who refused to intercept or inspect a North Korean ship virtually certain to be carrying Weapons of Mass Destruction toBurma.
  • A President who wants to cancel all missile defenses while rogue nations are developing long-range ballistic missiles.
  • An American President who blames the violence in Mexico on America.
  • A Commander in Chief who claims to have been unaware that Air Force One was taken on a terrifying, low-level photo-op over Manhattan.
  • A President who berates American CEO’s for flying in private planes at private expense on company business, but whose wife spends hundreds of thousands tax payer dollars flying to Paris for a shopping spree.
  • A President who promised a transparent administration, but requires all questions be screened before “impromptu” appearances.
  • A man who freely admitted that his energy policies are designed to bankrupt the American coal industry.
  • A President who has presided over the loss of 14.7 million jobs and whose “energy policy” will cause the loss of another 1 million jobs.
  • A President whose “energy policy” will increase the average American’s utility bills by over $2,000 a year in the middle of the Great Recession.
  • A man about whom liberal journalist Tom Brokaw said, “There’s a lot about him we don’t know.” . . .just one week before the election.

The vast majority of Americans do not know who he is, but someone surely does. Someone paid for his travel expenses to Pakistan and Indonesia. Someone engineered legal challenges to all of his election opponents for the State Senate and had them disqualified. Someone straightened and leveled his path to the U.S. Senate when a Democrat Judge made public the child custody records of his Republican opponent. When he was a candidate for the U.S. Senate, someone arranged for him to speak at the 2004 Democratic National Convention. Someone saw to it that all of his records were sealed, both at home and abroad. Someone assembled the massive organization for his run for the Presidency. Someone knows all about him.

Who?

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