Why would circumventing the law with a made up reparations system bother someone on the left.
circumventing? We don’t need no stinkun law when we got us a dictator.
It’s the Ogabe way.
really but obamer has been making up the law all along.
i have argued that the administration was circumventing the legal system with such acts.
no checks and balances
Maybe the deal capped the liability as well at 20B.
Senor Chavez does it all the time. What’s the big deal.
If I were a BP stockholder, I would be furious. They have not determined the exact cause for the explosion nor if the leak has been fixed and whether or not they can salvage some of the oil.
Are the “BP brass” in the room looking for a job with this administration or something?
The number 1 priority should be cleaning up the mess, not creating some slush fund for this administration.
Looks like MSNBC/CNBC are finally realizing that criticizing this clown helps ratings/ad revenues.
When this reporter is canned by cNBC for not bowing at the altar of Obama regarding his handling of BP, will he be eligible to get money from the $20 billion fund to cover his lost salary?
I wonder how long it'll be before some of his sealed past conveniently starts to leak out?!
Obama already thumbed his nose at the legal system with Chrysler and GM, and I didn’t notice any of the talking head complain about that.
He even closed all the Chrysler dealerships that were owned by Republicans, and got away with that, too.
In Allan Bloom’s “The Closing Of The American Mind” I learned that what has swept through our country is an abandonment, a rejection of the old right-and-wrong morality, in favor of an “individual value system” which is adopted, invented or developed in each person. What we’re seeing is Obama’s value system.
It came from nineteenth century German existentialism and has spread through our college staffs. I think the New World Order elites use this system, too.
Yeah, it’s playing god. (small g?)
Looks to me like Obama is very desperately (and with MSM support) trying to create the illusion of a great political victory. The fact is that BP has paid out millions in claims already, has set up an expedited process for claims and has even already established an “outside” appeal forum to adjudicate disputes regarding same.
When I read what BP says about it (http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7062966), I get a different picture than Obama’s “ass-kicking” stance. BP has said all along they did not consider themselves limited by the $75 million cap our government so imprudently left unchanged since the Exxon Valdez event. The money they will “set aside” over the next 3 1/2 years is probably their idea of something approaching their ultimate liabilities anyway (and if its too much they get the remaining amount back). The White House PR on this is just boob bait for the bubbas ...
Wake up Man! The law is whatever Obama says it is.
wsj.com/deals/2010/06/16/ken-feinberg
Or so they say. Who knows who tells Feinberg what to do.
It is a fair point and exactly on target. BP is in a bad situation.
What would public opinion have been if BP had refused? What would be the cost of the backlash? What rumors of bankruptcy etc. flying around....
It was White House black mail that happened today.
Nothing like shaking down major companies for cash just like they have done with the American people.Evil government crooks at work and much worse than any MOB!They should be in jail for blackmail!