Oil Spill and Government

So the BP oil spill keeps on continuing and contaminating the coast of southern states. They have been trying to contain this for more a month but nothing seems to work uptil now. The Government did a mistake by not taking it over. I can understand it is a private company but when the livelihoods of millions of people are at stakes and the company is nowhere near successful to contain the leak, does it not becomes the responsibility of the Federal Government and take charge of the situation.

I mean by this time the government should have taken charge of the situation but it is still relying on the company to plug this hole and meanwhile wild estimates of oil leaking keeps on going from the low millions to tens of millions. Nobody inside or outside the government is putting much pressure on the Federal government to take charge of this situation. If the government can take over banks and put the tax payers’ money on the line. This I believe is more important since it will take years to replace the damage this oil leak has done on people, states and environment.