Fossil Watch

But what can he do but fly to the Gulf, sound sympathetic, and talk tough to BP. Neither Obama nor anyone in his administration knows how to stop the flow of oil, much less eliminate the oil that has already spilled. But since the Deepwater Horizon spill occurred with Obama in the White House it`s going to be difficult to pin on W. BP must be to blame, right. Then there are the foot-in-mouth moments: BP CEO Tony Hayward continued to deny the true scope of the problem for weeks into the spill and has opined that worst impact would be on his own life. How quickly we`ve forgotten that the MMS scandal happened on President Bush`s watch. Some environmentalists and scientists say Interior Secretary Ken Salazar is to blame and should resign. MMS staffers were partying and sleeping with the people they were supposed to be regulating. After all, Veep Dick Cheney famously negotiated the Bush administration`s energy policy with energy industry bigwigs behind closed doors, and took great pride on loosening regulations. They have taken shortcut after shortcut to maximize efficiency and profit, resulting in hundreds of safety violations annually. After all Salazar`s Minerals Management Service was responsible for regulating the drilling operation and screwed up. Literally. Someone must be to blame.

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THE BIG PICTURE: Fossil's fashion watch business continues to be strong and trounce its competitors. That helped the company triple its second-quarter

Fossil Inc. (FOSL) announced plans to repurchase up to $750 million of its stock, one-quarter of the watch retailer's current market value, through 2013 in

Nor is Fossil just watches, as it has diversified into other accessories categories, including sunglasses, wallets, handbags, jewelry, and even clothing and

Fossil Inc. (FOSL, $48.38, +$2.37, +5.15%) announced plans to repurchase up to $750 million of its stock, one-quarter of the watch retailer's current market

participating in Motley Fool CAPS, the Fool's free investing community, watch and accessories retailer Fossil has earned a respected four-star ranking.