Posted on 06/18/2010 6:42:20 PM PDT by Nachum
(CNSNews.com) - Sen. Ben Nelson (D-Neb.) told CNSNews.com he does "not know that" President Barack Obama had the constitutional authority to tell BP to surrender its stockholders' money into an escrow account outside the company's control that would be used to pay damages to victims of the Gulf oil spill. Moreover, Nelson said the constitutional question was “not going to get answered” because BP agreed to Obama’s demand.
In his Tuesday speech from the Oval Office, President Obama said, "Tomorrow, I will meet with the chairman of BP and inform him that he is to set aside whatever resources are required to compensate the workers and business owners who have been harmed as a result of his company’s recklessness."
On Wednesday, after President Obama met with BP Chairman Carl-Henric Svanberg, he announced that the company had agreed to relinquish $20 billion to a fund that would be controlled by an independent, third party to pay compensation to people suffering damages as a result of the spill.
(Excerpt) Read more at cnsnews.com ...
The list, ping
He’s a mobster using Mob methods. No secret. Oh, it’s ALL unConstitutional, but we crossed that bridge long ago.
Perfect target for paint ball practice!
Shouldn’t he be made to apologize and be stripped of his committee positions for accidentally speaking the truth ?/sarc
I’m sure he pulled the executives aside and told them that he knew where they lived with their children. Then told them what a shame it would be if the SEIU/ACORN thugs would find their addresses.....
A King has no use for law or Constitutions.
With 300 million armed peons, that could get a little dicey.
He don’t but that did not stop him from doing it. And now that he had done it, he will get away with it.
The same applies to obama care that Nelson voted for.
Who gives a damn about thre Constitution any more?
Evidently no one in positions of authority. Including those who swore an oath to protect and defend the Contitution.
“I’m sure he pulled the executives aside and told them that he knew where they lived with their children. Then told them what a shame it would be if the SEIU/ACORN thugs would find their addresses.....”
I’m sure the people that provide security for the BP executives aren’t anyone the SEIU/ACORN thugs want to meet in a dark alley.
Moderator, please pull post #5 and this post. I posted the comment on the wrong thread. Thx.
The law is whatever Barry says it is. As for you Senators - you may keep your jobs, but you’ll have no authority under this administration.
Now even the Dems are admitting it, but chickenpoop Beohner forced Joe Barton to apologize for nailing it. Boehner is a creep.
I don't see any room for a "slush fund" in those requirements.
Unless there's some problem no one is aware of you'd think with the Democrats controlling the White House, the House and the Senate they'd be able to pass some enabling legislation for this right away!
Is this what he did with Chief Justice Roberts in his "secret" meeting with him on January 14, 2009?
He can make BP hand over $20B, if BP’s officers are willing to fork it over, which they did within hours of the demand. A pretty astonishing feat when you consider BP “only” has about $7B on hand.
Thank you.
He can make BP hand over $20B, if BP’s officers are willing to fork it over, which they did within hours of the demand. A pretty astonishing feat when you consider BP “only” has about $7B on hand.
It will be paid over 4 years @ $5B per year.
I call it extortion. It’s the Chicago way.
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