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Is the BP $20 billion account a ‘slush fund’?
NY Post ^ | June 17, 2010 | Abby Wisse Schachter

Posted on 06/18/2010 2:53:04 AM PDT by Scanian

During the opening statements at today’s Energy and Commerce committee hearings on the Deepwater oil spill, Rep. Joe Barton (R-Tex.) made big news by calling the fund BP has set up to pay for the spill a “slush fund.” Barton was the first Republican to enter his remarks in the record and he began with an apology for BP CEO and the day’s witness Tony Hayward. “I’m ashamed of what happened in the White House yesterday,” Barton said in his opening statement. “I think it is a tragedy of the first proportion that a private corporation can be subjected to what I would characterize as a shakedown — in this case a $20 billion shakedown.”

Democrats want Barton to resign and Republicans are distancing themselves from their colleague’s remarks but is the uproar because Barton is wrong or just because he spoke the truth so bluntly?

First, there are the details of the fund itself . And clearly among the considerations for setting up such a fund were political calculations by the White House. “The deal …could help Mr. Obama revive his political fortunes, which have suffered amid complaints that he has been soft on BP and mismanaged the government response. ‘The structure we are establishing today is an important step toward making the people of the Gulf Coast whole again,’ Mr. Obama said.”

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: barton; hayward; oilspill; shakedown
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To: Scanian

Let the taxapayers pay for the mess.


21 posted on 06/18/2010 4:15:55 AM PDT by Wolfie
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To: Diogenesis
WAKE UP AMERICA...

A short YouTube Video -- "The UnCola Prez"


22 posted on 06/18/2010 4:21:34 AM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: SatinDoll

It went into the Reelect Democrat Congress People this November Fund. Its Called “Recovery Summer” With the Scumbags Touring the Country on your dime telling us how great all these Government Jobs are


23 posted on 06/18/2010 4:23:36 AM PDT by ballplayer
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To: SatinDoll
Barton spoke the truth.

Absolutely he did. As soon as the "deal" was announced the first thought in my head was that of extortion by the sitting usurper in chief.

Barton's statement confirmed it for me.

What a tragedy we have in this country that a sitting "President" extorts money from a company this way, completely over-stepping the Constitutional limits of his office.

I haven't researched it yet, but this has to be an impeachable offense ...

24 posted on 06/18/2010 4:26:44 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

Remember when Americans believed in the rule of law? So do I; I miss those days.


25 posted on 06/18/2010 4:46:23 AM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: Pollster1
You mean like when this video was made? (15 sec commercial first...bear with it, worth the wait)
26 posted on 06/18/2010 4:53:07 AM PDT by domeika
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To: Scanian
Depends, who gets to control the fund and how it is used and abused?

Will it be handled as well as porkus? As well as the cash for clunkers?

27 posted on 06/18/2010 4:56:26 AM PDT by ThunderSleeps (obama out now! I'll keep my money, my guns, and my freedom - you can keep the change.)
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To: Scanian

Yes. (one word needed).


28 posted on 06/18/2010 4:58:42 AM PDT by njmaugbill
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To: Man50D
The $20 is to be paid 5 billion a year for 4 years.

Just another corp. Barry wants to ruin!...mad it was BP and not EXXON.

29 posted on 06/18/2010 5:02:48 AM PDT by lonestar (Barry is furious the big spill wasn't caused by EXXON...would have nationalized it by now.)
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To: SatinDoll

....Barton spoke the truth.....

The outcome is that Republicans punish truth while the Rats reward liars


30 posted on 06/18/2010 5:03:33 AM PDT by bert (K.E. N.P. +12 Republicans punish truth while the 'Rats reward liars)
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To: Dixie Yooper

Since BP agreed to make $3billion quarterly deposits, it looks like most of it will be of more use after November.


31 posted on 06/18/2010 5:14:08 AM PDT by Scanian
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To: Scanian

The Cosa Nostra has rules about speaking against the Family.

Pray for America


32 posted on 06/18/2010 5:18:57 AM PDT by bray (Did Rush say Complete Failure?)
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To: Scanian
Since BP agreed to make $3billion quarterly deposits, it looks like most of it will be of more use after November.

Then most of it will be used by President Biden to by votes for his first election...

33 posted on 06/18/2010 5:21:36 AM PDT by Dixie Yooper (Ephesians 6:11)
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To: Scanian

Do ants swarm on sugar?


34 posted on 06/18/2010 6:14:43 AM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
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To: Quiller
Is a dead pelican black and slick?

That's raysiss!

35 posted on 06/18/2010 6:15:22 AM PDT by 668 - Neighbor of the Beast (STOP the Tyrananny State.)
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To: 668 - Neighbor of the Beast
** Is a dead pelican black and slick? **

That's raysiss!

No, I was talking about an oil-soaked bird, not 0.

Although, I guess I can understand the confusion . . .

36 posted on 06/18/2010 9:32:26 AM PDT by Quiller (When you're fighting to survive, there is no "try" -- there is only do, or do not.)
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To: Quiller

Here is who the man with the money gave his contributions to in the 2008 Presidential election.

Candidate Contributor Employer Date Amount
Obama, Barack FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 3/16/07 $4,600
Clinton, Hillary FEINBERG, KENNETH R
WASHINGTON,DC 20004 THE FEINBERG GROUP LLP/ATTORNEY 3/5/07 $2,300
Clinton, Hillary FEINBERG, KENNETH R
WASHINGTON,DC 20004 THE FEINBERG GROUP LLP/ATTORNEY 3/5/07 $2,300
Richardson, Bill FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/ATTORNEY 3/16/07 $2,300
Richardson, Bill FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/ATTORNEY 3/26/07 $2,300
Edwards, John FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/LAWYER 5/25/07 $2,300
Edwards, John FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/LAWYER 5/25/07 $2,300
Obama, Barack FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 2/9/07 $2,300
Obama, Barack FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 3/16/07 $2,300
Giuliani, Rudolph W FEINBERG, KENNETH R MR
WASHINGTON,DC 20004 FEINBERG GROUP L.L.P./LAW 2/7/07 $2,300
Dodd, Chris FEINBERG, KENNETH R MR
WASHINGTON,DC 20004 FEINBERG GROUP LLP/LAW 2/17/07 $2,300
Dodd, Chris FEINBERG, KENNETH R MR
WASHINGTON,DC 20004 FEINBERG GROUP LLP/LAW 2/17/07 $2,300
Biden, Joseph R Jr FEINBERG, KENNETH ROY
WASHINGTON,DC 20004 FEINBERG GROUP/ATTORNEY 3/6/07 $2,300
Biden, Joseph R Jr FEINBERG, KENNETH ROY
WASHINGTON,DC 20004 FEINBERG GROUP/ATTORNEY 3/6/07 $2,300
Obama, Barack FEINBERG, KENNETH
WASHINGTON,DC 20004 6/11/07 $-2,300
Richardson, Bill FEINBERG, KENNETH R
BETHESDA,MD 20814 2/14/08 $-2,300
Edwards, John FEINBERG, KENNETH R
BETHESDA,MD 20814 3/24/08 $-2,300
Obama, Barack FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 3/16/07 $-2,300
Clinton, Hillary FEINBERG, KENNETH R
WASHINGTON,DC 20004 8/28/08 $-2,300
Dodd, Chris FEINBERG, KENNETH R MR
WASHINGTON,DC 20004 4/2/08 $-2,300
Biden, Joseph R Jr FEINBERG, KENNETH ROY MR
WASHINGTON,DC 20004 3/13/08 $-2,300


37 posted on 06/19/2010 8:38:17 AM PDT by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
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To: Jack Black

His 2008 Senate Donations:

FEINBERG, KEN
BETHESDA,MD 20814 THE FEINBERG GROUP/LAWYER 5/14/07 $2,300 Ciresi, Michael V (D)
FEINBERG, KENNETH
WASHINGTON,DC 20004 FEINBERG GROUP LLP/LAWYER 3/31/08 $1,000 AmeriPAC: The Fund for a Greater America (D)
FEINBERG, KENNETH
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 7/5/07 $500 Duck, Andrew James (D)
FEINBERG, KENNETH
WASHINGTON,DC 20004 THE FEINBERG GROUP LLP/ATTORNEY 10/24/08 $500 Indiana Democratic Congresl Victory Cmte (D)
FEINBERG, KENNETH
BETHESDA,MD 20814 THE FEINBERG GROUP/ATTORNEY 2/6/07 $500 Schwartz, Allyson (D)
FEINBERG, KENNETH
WASHINGTON,DC 20004 THE FEINBERG GROUP, LLP/PRESIDENT 9/29/08 $500 Altmire, Jason (D)
FEINBERG, KENNETH
WASHINGTON,DC 20036 THE FEINBERG GROUP, LLP/ATTORNEY 6/28/07 $200 Hagel, Chuck (R)
FEINBERG, KENNETH
WASHINGTON,DC 20036 THE FEINBERG GROUP, LLP/ATTORNEY 6/28/07 $200 Hagel, Chuck (R)
FEINBERG, KENNETH
WASHINGTON,DC 20036 1/28/08 $-2,300 Hagel, Chuck (R)
FEINBERG, KENNETH
WASHINGTON,DC 20004 6/11/07 $-2,300 Obama, Barack (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG & ASSOCIATES/EXECUTIVE 5/30/08 $10,000 Democratic Senatorial Campaign Cmte (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG & ASSOCIATES/EXECUTIVE 12/21/07 $5,000 Democratic Senatorial Campaign Cmte (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 3/16/07 $4,600 Obama, Barack (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 3/16/07 $2,300 Obama, Barack (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 6/11/07 $2,300 Landrieu, Mary L (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 7/31/08 $2,300 Kerry, John (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/ATTORNEY 3/16/07 $2,300 Richardson, Bill (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/ATTORNEY 3/26/07 $2,300 Richardson, Bill (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/LAWYER 5/25/07 $2,300 Edwards, John (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/LAWYER 5/25/07 $2,300 Edwards, John (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 2/23/07 $2,300 Kerry, John (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 2/23/07 $2,300 Kerry, John (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 2/9/07 $2,300 Obama, Barack (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/ATTORNEY 11/9/07 $2,300 Warner, Mark (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP LLP/ATTORNEY 1/31/08 $2,300 Warner, Mark (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 KRF & ASSOCIATES/ATTORNEY 5/16/07 $2,300 Sarbanes, John (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 THE FEINBERG GROUP LLP/ATTORNEY 3/5/07 $2,300 Clinton, Hillary (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 THE FEINBERG GROUP LLP/ATTORNEY 3/5/07 $2,300 Clinton, Hillary (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 2/27/07 $2,000 Van Hollen, Chris (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 2/22/08 $1,000 Cmte for a Democratic Majority (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG & ASSOCIATES/EXECUTIVE 7/3/07 $1,000 Democratic Senatorial Campaign Cmte (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 FEINBERG GROUP/ATTORNEY 2/28/07 $1,000 Cmte for a Democratic Majority (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 THE FEINBERG GROUP/ATTORNEY 2/16/07 $1,000 Reed, Jack (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP, LLP/ATTORNEY 1/7/08 $1,000 Landrieu, Mary L (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 SELF/ATTORNEY 4/17/08 $500 Klein, Ron (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP/ATTORNEY 5/6/08 $400 Biden, Joseph R Jr (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP/ATTORNEY 5/6/08 $200 Biden, Joseph R Jr (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 3/16/07 $-2,300 Obama, Barack (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 2/14/08 $-2,300 Richardson, Bill (D)
FEINBERG, KENNETH R
WASHINGTON,DC 20004 8/28/08 $-2,300 Clinton, Hillary (D)
FEINBERG, KENNETH R
BETHESDA,MD 20814 3/24/08 $-2,300 Edwards, John (D)
FEINBERG, KENNETH R ESQ
WASHINGTON,DC 20004 FEINBERG GROUP LLP/ATTORNEY 3/22/07 $5,000 Sandhills PAC (R)
FEINBERG, KENNETH R ESQ
WASHINGTON,DC 20004 THE FEINBERG GROUP LLP/LAWYER 3/21/08 $2,300 Ackerson, Nels (D)
FEINBERG, KENNETH R ESQ
WASHINGTON,DC 20004 THE FEINBERG GROUP LLP/LAWYER 7/19/07 $2,300 Ackerson, Nels (D)
FEINBERG, KENNETH R ESQ
BETHESDA,MD 20814 FEINBERG GROUP LLP/ATTORNEY 2/20/08 $1,000 Sandhills PAC (R)
FEINBERG, KENNETH R MR
WASHINGTON,DC 20004 FEINBERG GROUP L.L.P./LAW 2/7/07 $2,300 Giuliani, Rudolph W (R)
FEINBERG, KENNETH R MR
WASHINGTON,DC 20004 FEINBERG GROUP LLP/LAW 2/17/07 $2,300 Dodd, Chris (D)
FEINBERG, KENNETH R MR
WASHINGTON,DC 20004 FEINBERG GROUP LLP/LAW 2/17/07 $2,300 Dodd, Chris (D)
FEINBERG, KENNETH R MR
WASHINGTON,DC 20036 FEINBERG GROUP/MANAGER 2/22/08 $1,000 Leahy, Patrick (D)
FEINBERG, KENNETH R MR
WASHINGTON,DC 20004 4/2/08 $-2,300 Dodd, Chris (D)
FEINBERG, KENNETH ROY
WASHINGTON,DC 20004 FEINBERG GROUP/ATTORNEY 3/6/07 $2,300 Biden, Joseph R Jr (D)
FEINBERG, KENNETH ROY
WASHINGTON,DC 20004 FEINBERG GROUP/ATTORNEY 3/6/07 $2,300 Biden, Joseph R Jr (D)
FEINBERG, KENNETH ROY MR
WASHINGTON,DC 20004


38 posted on 06/19/2010 8:42:51 AM PDT by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
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