The thoughts of a storm stirring up the Gulf, hampering any cleanup or remediation drilling effort and creating a huge 10,000 square mile black stew is frightening to every professional in the business. … We expect to see the deterioration of the economic statistics for the US to reveal the onset of this oil-slick crisis in May … A ‘double-dip’ recession probably has been made more likely by this tragedy.’   see below.  Special thanks to  Richard Charter
Politico Playbook:  Monday May 03, 2010 Presented by University of Phoenix
By: MIKE ALLEN
May 03, 2010 08:21 AM EST
 
GULF RESPONSE: Secretary Napolitano did all six morning shows. … PRESIDENT OBAMA, in Louisiana yesterday: ‘We’re dealing with a massive and potentially unprecedented environmental disaster.’ … BEHIND THE SCENES: ‘President Barack Obama talks with U.S. Coast Guard Commandant Admiral Thad Allen, who is serving as the National Incident Commander, and Louisiana Gov. Bobby Jindal, aboard Marine One as they fly along the coastline from Venice to New Orleans, La., May 2, 2010. John Brennan, Assistant to the President for Homeland Security and Counterterrorism, is in the background. (Official White House Photo by Pete Souza).’
BP IN ‘CRISIS GRINDER’ — ROBERT GIBBS, gaggling on Air Force One on the way BACK from Louisiana yesterday, on President Obama’s approach to BP: ‘I point you to what [Interior] Secretary Salazar said about — I think the phrase was — at least the phrase I heard earlier in the week with him was to keep the boot on their throat. So I think that kind of sums up in that Western Colorado way how — what we’re trying to convey.’ … WSJ A1, ‘BP’s Worsening Spill Crisis Undermines CEO’s Reforms,’ by Guy Chazan: ‘Tony Hayward thought he had finally slain all of BP PLC’s demons. Now a new one has reared up, and it’s the size of Puerto Rico. BP’s chief executive is coming under mounting pressure over the vast spill spreading in the Gulf of Mexico … From the moment Mr. Hayward learned of the disaster-in a 7:24 a.m. phone call over breakfast on April 21-he has been faced with the reality that this incident could erase his rehabilitation of the British oil giant. … BP heads into the crisis grinder that has chewed up big names like Toyota and Goldman Sachs.’
WORST CASE SCENARIO, via POLITICO’s Morning Money – David Kotok of Cumberland Advisors, in BusinessInsider: ‘This spew stoppage takes longer to reach a full closure; the subsequent cleanup may take a decade. The Gulf becomes a damaged sea for a generation. The oil slick leaks beyond the western Florida coast, enters the Gulfstream and reaches the eastern coast of the United States and beyond. … Monetary cost is now measured in the many hundreds of billions of dollars. … Soon we are entering the hurricane season. The thoughts of a storm stirring up the Gulf, hampering any cleanup or remediation drilling effort and creating a huge 10,000 square mile black stew is frightening to every professional in the business. … We expect to see the deterioration of the economic statistics for the US to reveal the onset of this oil-slick crisis in May … A ‘double-dip’ recession probably has been made more likely by this tragedy.’
WHITE HOUSE MESSAGE DU JOUR – President Obama, speaking yesterday in Venice, La.: ‘[T]he federal government has launched and coordinated an all-hands-on-deck, relentless response to this crisis from day one. … [W]e’ve made preparations from day one to stage equipment for a worse-case scenario. … I want to emphasize, from day one we have prepared and planned for the worst, even as we hoped for the best.’ Transcript
Cabinet members had used ‘day one’ 16 times during four Sunday-show appearances:
–Interior Secretary Ken Salazar on CNN’s ‘State of the Union’: ‘From day one, there has been the assumption here on the worst-case scenario. … We have to prepare for the worst, as we have from day one.’
–Homeland Security Secretary Janet Napolitano on CNN: ‘From day one, they were already pre-deploying vessels and booms and getting ready in case the scenario continued to worsen. … The Navy has been on-site since day one. There is kind of a myth out there that somehow the Department of Defense is now coming in. They actually have been there since day one.’
–Napolitano on ‘Fox News Sunday’: ‘The administration responded with all hands on deck from day one … The integrated command center … was already stood up, with the states involved, from day one.’
–Salazar on Fox: ‘We’re not sugarcoating this thing, and we need to make sure that we are prepared for the worst-case scenario, and we have been doing that since day one. … From day one the president has been involved in, informed, and has been directing us to do everything that we can and not to spare any effort. … So from day one we’ve been on top of this, every minute, 24 hours a day, trying to get this situation under control.’
–Napolitano, on ‘This Week’: ‘From day one, we were pre-positioning more than 70 vessels.’
–Salazar, on ‘Meet the Press’: ‘From day one we’ve been preparing for the worst-case scenario … The president has directed from day one that we spare nothing at all in terms of the effort to prevent damage onshore.’
–Napolitano on ‘Meet’: ‘We had DOD resources there from day one. This was a situation that was treated as a possible catastrophic failure from day one. … The physical response on the ground has been from day one as if this could be a catastrophic failure.’