Holman Jenkins on and our BP butt-kicking, stock-price reducing President. Whose butt is next?

BP has authored one of the country's great industrial accidents and expects fully to pay through the nose. You could wish, in this light, Washington's politicians didn't seem quite so much like muggers standing on a street corner waiting for a vulnerable passerby. For one thing, it doesn't benefit the victims, who will continue to line up for years to come, if BP can't reinvest to sustain and grow its business...

Government is the greatest of blessings, without which many other blessings are not possible, such as freedom from fraud and extortion and violence. The problem, and irony, is that government, in clearing the field of other fraudsters and extortionists, is ever tempted by those roles itself.

A policeman kicks out your taillight and then writes you a ticket for a faulty taillight. A president announces a moratorium on offshore drilling as a sop to a section of his public that always opposes drilling, and to be seen "doing something." Then he turns around and demands that BP compensate those injured by the president's own ca