LIE: Obama Says Person In Charge Of BP Escrow Account Is "Third Party" -- HE'S NOT

RealClearPolitics ^ | June 16, 2010 | RealClearPolitics

[i88schwartz]

***ALERT***

President Obama says the $20 billion BP has committed to is not a "cap."

"BP will meet their obligations" to the people of the gulf, he said.

"Another important element is that this $20 billion fund will not be controlled by BP or the government." Obama said the escrow account will be executed by an impartial third party. Ken Feinberg will run the BP escrow account.

UPDATE (@ 3:34:19 PM ET): It should be noted that Ken Feinberg is not an "impartial" third party. He has previously worked for the Obama administration in the Treasury department. His job was to oversee the compensation of top executives at companies which have received federal bailout assistance.

[Kansas58]

I have a busy day, and this is slightly off topic, but look at Crist in Florida “checking out the oil” lol

http://latimesblogs.latimes.com/washington/2010/06/obama-speech-react.html

Someone with more time on their hands, PLEASE make this stick! (Or give it its own thread)!!

[library user]

What a surprise. NOT!

[dalebert]

no he isnt and anyone he appoints wont be..but one thing you can count on is that he will take his share of the pie.

[cripplecreek]

It never ends.

[dalebert]

Has freddy and fanny been downgraded to penny stocks?

[dalebert]

there is no limit on what third parties charge for their services.

[Parley Baer]

We need to keep a sharp eye on the latest Obama slush fund. I can just imagine those getting in line for some “free” money.

[Centurion2000]

Ergo Obama just control of another 20 BILLION dollars to pay out to favored friends / organizations.

Are you a member of a TeaParty that has a commercial fishing boat on the coast?

No $$$ for you EVER.

[cripplecreek]

I believe Jamie Gorelick landed on the side of BP defense in this one.

[TexasCajun]

1984, Dept. of Corrected History

[ntmxx]

These are professional sneaks, cheats and liars;

they know how to skim for “friends of government,” no one will ever notice and those that do will be silenced.

[Deb]

How can he say one of his Tzars is “an impartial 3rd party”? That’s obviously a rhetorical question.

[SonOfDarkSkies]

This money will never be used for the clean-up...well, except that SEIU will certainly “clean-up.”

[NavyCanDo]

Good old fashion Chicago style money laundering. How much of this will be filtered back through the Unions as campaign contributions?

[numberonepal]

Hey that’s a damn fine can. I wouldn’t be able to contain myself. Sure, I’m not Governor, but I’m smarter than Charlie.

[luvbach1]

Obama, Obama, Obama! He gonna give us free money. I donno where he gets it but he gonna give it to us!

[norton]

Of course it is a third party:
BP is giving the money up.
Literally none of it will go to anyone hurt by the spill.
When it winds up in someone Else's hands - Voila - A third party!
(Actually, probably several third parties.)

[GailA]

Much of this $20 Billion will end up in union executives hands, to be returned to the Dems for re-election purposes.

[YoungHickey]

Nail meet head.