Obama signs bill to release money for Gulf cleanup (I thought it was BP's to pay for?)

AP ^ | 6/15/2010 | ap

[tobyhill]

President Barack Obama has signed into law a bill that makes more money available to the Coast Guard to pay for its response to the oil spill in the Gulf of Mexico.

The new law removes the $100 million limit that the Coast Guard can spend on the BP spill from a government trust fund used to pay cleanup costs.

[Freddd]

Probably that slush fund Obama made BP pay....

[Star Traveler]

Here's the full text of President Obama's speech about the BP disaster/gusher in the Gulf of Mexico ...

Obama's Remarks To Nation On Oil Spill [Full Text]

[ncfool]

Obummer is creating 20 Billion slush fund for Acorn to spend on political items in the Gulf region. Anything to win for Obummer and the rat party.

[Oceander]

[tobyhill]

He has no Constitutional Authority to force BP to open a slush fund.

[allmost]

He was authorized to do this within an hour of the initial spill.

[kcvl]

The Coast Guard could have run out of money to fight the spill if the spending cap was not lifted. Obama signed the bill Tuesday as he prepared to address the nation on the Gulf spill.

******

GOP chairman says Obama is exploiting Gulf crisis

Republican Party Chairman Michael Steele is accusing President Barack Obama of exploiting for his own political gain the crisis created by the Gulf oil spill.

Responding to Obama’s Oval Office address to the nation Tuesday night, Steele said in a statement that the president’s actions demonstrate his inability to lead the nation out of a disaster and show an “appallingly arrogant political calculus.”

The GOP chairman says Obama should be focusing on providing what he calls “real and honest solutions” to people on the Gulf Coast.

Read more: http://www.bellinghamherald.com/2010/06/15/1482007/gop-chairman-says-obama-is-exploiting.html#ixzz0qyVlgCGI

[tobyhill]

Then BPs not paying for it, we are.

[combat_boots]

The President of the United States is authorized to do this within an hour of the initial spill.

[Sacajaweau]

The oil companies pay into this fund. I believe there is about a billion and a half in the fund right now.

[steveab]

The new law removes the $100 million limit that the Coast Guard can spend on the BP spill from a government trust fund used to pay cleanup costs.

government trust fund? There ain’t no such thing.

[tet68]

Wait, a law? Origionated where? In Congress?
I thought that’s where laws came from, are they
coming from the White house Now?

The hubris of this tyrant grows day by day!

Any way, a socialist doesn’t need actual money,
as long as he controls who gets YOUR money.

[cripplecreek]

So what the hell took him so long?

Holding us hostage or what?

[Extremely Extreme Extremist]

It's right next to those Social Security and highway funds.

In the same drawer as the "right to privacy" penumbra in the Constitution.

[tet68]

Oh, it was in Algore’s lockbox and his new mistress
spent it?

[allmost]

Then BPs not paying for it, we are.

They already do and have. We already do and have been paying for this. The federal government has spent the spoils that have been been paid into this mandatory fund.

[chiefqc]

Well I guess that his more important business is completed, Vacations, parties and golfing, so he has a few minutes is make a decision.

Gee and it only took him a month.

[outofstyle]

[tobyhill]

When they start talking Government Trust Funds then there’s only one group of people that pay into it, taxpayers. They can claim that oil companies pay into it but ultimately that tax is passed on to consumers.